THE takeover of Wrexham Football Club by Hollywood stars Ryan Reynolds and Rob McElhenney could take a significant step closer on Sunday, November 15.

A vote on whether Reds' fans want Reynolds and McElhenney to take over the running of the club will open on Monday, November 9, lasting until the following Sunday, with a decision announced on Monday, November 16.

For the resolution to be approved 75 per cent of the 2,108 qualifying members must vote in favour of the takeover.

A statement from the club added: "In the event of an affirmative vote, there are final steps that must then be followed in the takeover process, before The R.R. McReynolds Company, LLC could assume control of Wrexham AFC."

Wrexham Supporters Trust member have received information packs confirming the terms of the offer from The R.R McReynolds Company LLC.

Key points include

- The buyer will acquire the entire issued share capital of Wrexham AFC Limited for one peppercorn from the WST.

- The buyer will invest in cash on completion £2 million into Wrexham AFC Limited, in the form of non-redeemable shares. The investment will be utilised for working capital purposes and for investing in the infrastructure, management, players and facilities of WAFC as the buyer sees fit.

- The new owners of Wrexham AFC Limited will enter into a sub-lease of the Racecourse Ground for a period of 25 years at an annual rent of £115,000 per year. Control of the lease will remain with the WST.

- The buyer will enter into covenants with WST regarding matters of historically important club heritage during the period the buyer is the majority owner of WAFC. Whilst the buyer has no intention of changing any of the following heritage matters, the buyer will need to obtain the WST's prior consent on the listed matters, before any change is allowable.

The statement added: "The WST Board will be taking a neutral position with regards the offer, in order not to sway the individual considerations of WST Members on what direction they wish the club to go in for the future."

Prior to the voting opening on Monday November 9 there will be a meeting held via Zoom from 6pm on Sunday, November 8 for the following purposes:

- To discuss the Proposed Transaction and the proposed Resolutions required to approve the Proposed Transaction.

- To discuss and consult with the Members on the proposed amendment to the rules as noted in the Resolutions.

- To enable Members to share their views on the proposals

At the meeting a presentation will be given by Rob McElhenney and Ryan Reynolds, where they will outline their vision for the club followed by questions and answers.

Reynolds and McElhenney have been in communication with the WST prior to the information pack being released.

The information pack says: "Mr McElhenney and Mr Reynolds have indicated that they want us the supporters to be an integral part of the journey they wish to take. They have indicated that they will respect, and in some areas guarantee our heritage, playing in red, playing in Wrexham, continuing the memory of Gresford and listening to our views. The potential new owners are men with reputations and we can say with some certainty are not interested in the club for some short term profit."