Friday, 30 September 2011

WREXHAM FC: SALE AGREED

A statement on Wrexham's official club website has confirmed that a sale has been agreed between the current directors of the club and the supporters trust.

The comment on the site added, "During this period Wrexham Supporters Trust will run the football club under a licence agreement pending approval by the football authorities."

The agreement follows months of negotiations between the two parties and the supporters trust have now acquired the club for £1.

Richard Owen of the Wrexham Supporters Trust said, "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."

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