SUPPORTERS bidding to take control of Wrexham FC have been studying the amazing rags to riches story of Swansea City.
Nine years ago, the South Wales club was on the verge of going bust and faced relegation from the Football League.
But after being taken over by a fans’ consortium for just £1, the Swans fought their way back to success, culminating in their promotion to the Premiership – and an estimated £90 million jackpot – this week.
Wrexham Supporters’ Trust is currently locked in negotiations to finalise its takeover of the Reds and spokesman Spencer Harris said: “What Swansea City has managed to do is a shining example to us here in Wrexham.
“The current owners, Geoff Moss and Ian Roberts, have offered to sell our club for £1 and that is what happened with the Swans.
“The club was also sold to a fans’ consortium and has done very well since.
“It shows how a well-run club can actually be successful.
“Since it was taken over Swansea has never overspent.”
Mr Harris added: “I’m not saying that if we are successful in our bid Wrexham is going to make the Premiership – but I’m hoping that if we take over Wrexham can go to a new level in becoming a community club, giving something back to the community for which it relies on its existence.”
In 2001, Swansea City was on its knees before fans took to the streets in protest against the running of the club.
A local consortium of supporters, headed by former player and director Mel Nurse, later took control. A 4-2 win against Hull City on the last day of the 2002/03 season saved the Swans from relegation from the Football League.
And on Monday, they became the first Welsh side to reach the Premier League after beating Reading in the Championship play-off final at Wembley.