Glyndwr University have today announced that they are set to buy Wrexham FC’s Racecourse Ground.
Last month we revealed how the university was set to launch a standalone bid for the ground.
A statement released by the university said that the university had signed an agreement to purchase the Racecourse Stadium and Colliers Park Training Ground subject to completion and contract under the financial terms agreed by both parties.
Professor Michael Scott, Vice Chancellor and Chief Executive of Glyndwr University said:
“This purchase has been made to secure the future of the stadium and the training ground for Wrexham and north east Wales as a sports venue.
“It is the University’s intention that by securing both facilities, Wrexham football club will be able to continue to use the facilities and that the same might also apply for the Crusaders Rugby League.
“In addition the University’s intention is that the two acquisitions will be used by the University’s students, for sports provision, and by the people of Wrexham and north east Wales.
“The purchase is made in the context of the University’s continued development of higher education programmes related to sport, for the benefit of students and the wider community.”
Wrexham Supporters Trust board member Spencer Harris described this as “a historic day” for the club and said that he hoped Glyndwr University buying the ground will now mean the WST can move ahead with their bid to buy the club.
Speaking to Real Radio Wales he said: “”This is one piece of the jigsaw, the rest will have to be ratified by a special general meeting but it’s the first piece of the jigsaw and will hopefully provide Wrexham with the finance to keep going and fulfil it’s fixtures next year.”
He added that a Special General Meeting would need to be called for any deal to be approved with 14 days notice given to members and that they were looking at a provisional date of August 22nd.
It is understood that if the Wrexham Supporters Trust are able to successfully buy Wrexham FC from Geoff Moss and Ian Roberts, they will receive £500k as a result of the sale of the ground.
Trust board members have previously stated that they have been negotiating with the university over a lease should Glyndwr successfully buy the ground and that the lease would be “favourable” to the club.
Wrexham MP Ian Lucas has also welcomed the news of the sale, he said: “I know from discussions at top level with Glyndwr, including a meeting just yesterday, how much work has gone into securing this result.
“I am very pleased indeed and I believe that this is good news for sport in Wrexham.
“It is also a key part of the jigsaw falling into place for the future of Wrexham Football Club and I believe today’s news is testament to the professional manner in which Wrexham Supporters’ Trust and Glyndwr have conducted themselves.”