Further to intense press speculation a press release was issued earlier today by Glyndwr University regarding the future of the Racecourse Ground. For some considerable time officers, on behalf of the Board of the Wrexham Supporters Trust have been in discussions regarding the potential transfer of the stadium back into operational hands of the Football Club. Having turned around the financial fortunes of the Football Club the board felt it was the right time to reacquire the stadium on a 99-year lease subject to its members’ approval.
The deal will be subject to the approval of WST members and formal notice of a Special General Meeting (SGM) along with a full information pack which is currently being prepared and will be sent out to members asap. The SGM is to be held during the week after Easter (location to be confirmed) to vote on the transaction. For those unable to attend the SGM, postal and online voting will also be available.
Wrexham Glyndŵr University statement
Professor Graham Upton, Interim Vice-Chancellor of Wrexham Glyndŵr University, said: “The University and Wrexham FC have enjoyed a close relationship for many years and both organisations felt the time was right for the club to regain operational control of the stadium.
“Wrexham Glyndwr University will remain freeholders but Wrexham FC will now be able to capitalise on conferencing, catering and event opportunities, as well as being responsible for maintenance and upkeep of the ground.
“As a university at the heart of the community we want to see Wrexham FC thrive and grow, both on and off the pitch. This will give them the chance to do so, as they themselves look forward with more certainty having recently announced the club is in a healthier financial position.
“The university stepped-in and purchased the stadium in 2011 at a time when its future was uncertain, knowing its importance to the people of north east Wales and beyond.
“We will continue to work side-by-side for the benefit of the town, from a sporting, academic and social perspective, and wish Wrexham FC the best of luck with the rest of the season.”