Wrexham FC and the Wrexham Supporters Trust have announced this evening that they have agreed in principle a sale and purchase agreement (SPA) for the handover of the club.
The sale will not be completed by the Friday deadline given by club owner Geoff Moss, however in a joint statement both parties said that a deal will be completed once a number of minor issues have been clarified at a face to face meeting.
The full statement reads as follows:
“Wrexham Football Club and Wrexham Supporters Trust are pleased to announce that the sale and purchase agreement (SPA) has largely been agreed in principle, subject to clarification of a small number of points, completion of due diligence and approval by the football authorities.
“The proposed takeover will not be completed by the suggested deadline of Friday, September 16th, as originally proposed by the owners.
“However, both parties would like to reassure supporters that the deal is still very much alive and that they are working as quickly as possible to complete the deal.
“Both parties have identified some small points of clarification, which will hopefully be resolved very soon in a face-to-face meeting.
“Following this meeting it is envisaged that the deal will be concluded and that the requirements of the football authorities will be met and ownership transferred to the WST.
“The owners and the board of the WST have issued this joint statement as a signal of their intent to supporters and the manager, Dean Saunders to conclude this deal as soon as possible.
“This will then enable Dean, his players and the supporters to focus on winning promotion back to the Football League.”
Wrexham FC Sale Agreed In Principle
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