After months of negotiations the sale of Wrexham FC to the Wrexham Supporters Trust has finally been agreed.
Delays have been caused in recent weeks as the club’s current owners and the WST strived to provide the information requested by the FA.
On Saturday we reported that the paperwork that was lodged with the Football Association has been passed on to the Football Conference.
Today the deal has finally been given the rubber stamp after the conference board approved the sale, a statement by Dennis Strudwick, General Manager, The Football Conference said:
“Following a meeting of independent members of the Football Conference Board on Monday 28 November 2011, the Football Conference has agreed the transfer of Wrexham FC’s membership of the Football Conference from Wrexham Football Club (2006) Limited to Wrexham Supporters Trust.
“No further statement will be made until after the Conference Board meeting on Monday, 12 December 2011.”
The club and the WST, well, botjh as they are now the same thing released the following statement confirming that not only has the greenlight been given by the powers that be, but the DEAL HAS BEEN DONE!
Wrexham Supporters’ Trust and Wrexham Football Club (2006) Limited are delighted to announce that the business of Wrexham Football Club has now been acquired by Wrexham AFC Limited (a wholly owned subsidiary of Wrexham Supporters ‘Trust).
Wrexham Football Club is, therefore, now wholly owned by its supporters. The completion of the transaction represents the conclusion of a long and tortuous process which has been achieved through the goodwill, hard work and co-operation of all parties.
‘Wrexham Supporters’ Trust would like to thank the Conference and the FA for their assistance in approving the transfer of membership.
Both parties would like to thank the supporters for their continued support of the team and their financial contributions to ensure that the club has survived to enable the ownership to be transferred to the supporters.
Both Buyer and Seller now urge all supporters to get behind their club and their team.
Are you happy that the sale has finally been approved? Leave your thoughts in the comment box below or join the debate at www.wrexham.com/forums