Wrexham FC sold to the Supporters' Trust

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A DEAL has finally been agreed to sell Wrexham Football Club to the Supporters’ Trust.

The landmark event has been described as a historic occasion and fans throughout the community are being urged to join in the drive to power the club forward to a brighter future.

At a crunch meeting yesterday, after months of negotiations, a deal was finally struck to sell the club to the Wrexham Supporters Trust (WST) for just £1.

WST chairman Richard Owen said the trust is hoping to double its membership from the current figure of 1,500 to 3,000 by the end of the season.

“Although we have bought the club for £1, the purchase is in line with a resolution passed by members which gives us permission to invest up to £750,000 to bring the club back to financial sustainability.

“There has been a lot of hard work and sleepless nights for so many people in getting to this position. We would like to thank everyone. I’m absolutely delighted at the achievement. We also want to thank the fans for being patient and sticking by us.

“We now need approval from the Football Association and Football Conference,” said Mr Owen.

WST vice-chairman Peter Jones said this was the first time that a supporters trust had bought a football club as a going concern and so marked a piece of sporting history.

WST chief executive officer Richard Green said: “It has been a very productive day and we are delighted at the outcome. We would ask as many people as possible to come to our home game and show their backing for the club.”

The announcement came after one of the owners, Geoff Moss, called for a cash deposit by 5pm yesterday from the WST or risk losing Wrexham FC to a rival bidder.

But a statement released by the football club yesterday evening said: “The directors are delighted to announce that agreement has been reached with Wrexham
Supporters Trust today to purchase the football club.

“During this period Wrexham Supporters Trust will run the football club under a licence agreement pending approval by the football authorities. Following today’s meeting a suitable financial agreement has been reached.”

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