Wrexham FC officials have said that they have already met three of the four demands made by the conference board yesterday to allow them to participate in the league this season.
Yesterday the club appeared to be in turmoil after the conference board made a number of targets that the club must fulfil by Monday including the payment of £250,000 in a bond or bank guarantee.
However, within hours of the request being made, the owners of Wrexham FC issued a statement claiming that three of the four requests had already been met after the sale of the Racecourse Ground to Glyndwr University went through yesterday.
The director’s statement said: “We can confirm as of today Wrexham FC (2006) Ltd has completed the sale of the Racecourse and Colliers Park to Glyndwr University. It is our opinion that they will be excellent custodians of the facilities.
“Our thanks goes out to Professor Mike Scott and Paul Whiting for the expedient manner in which they have concluded the sale and purchase.
“This deal is the key to purchase of the Football Club by the Wrexham Supporters Trust.
“Following a meeting between Club officials and the Conference Board at the pre-season club and manager’s meeting yesterday, the Conference have requested that the Club clarifies the current financial position, along with other operational issues.
“Having liaised with the Conference today, we are happy to confirm that of the four issues raised in their statement, three have been actioned immediately as a result of the sale and the fourth will be concluded prior to the deadline set.
“The remainder of the player payroll is in the process of being paid.”
It remains unclear as yet which issue remains to be resolved but the four stipulations made by the conference are as follows:
Wrexham Football Club shall by 5pm on Monday, 8th August undertake to the Football Conference Ltd:-
1. Deposit a bond or bank guarantee of £250,000 into the competitions accounts.
2. Proof of payment to all outstanding football creditors, including staff and players wages.
3. Lodge a signed lease, acceptable to the Football Conference, as to where the club intends to play its home fixtures for season 2011/12.
4. Submit a detailed business plan and revised budget for the coming season.
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