In light of this the Board of the WST have agreed to pursue this opportunity and are currently awaiting documentation from the Village. It is our view that the Village will not be able to put together any detailed proposals until the clubs accounts for 2009 are finalised, so this process may take a little while yet.
How we value the club in cash terms has yet to be decided. The club is a heavily loss making business. Large parts of the ground are ageing and our support is declining in relation to a pretty grim product on the pitch. Turnover is down and our losses are up.
The board have discussed the basis of a WST bid and have agreed that we can only purchase a club that is sustainable in the longer term and to that end several friends of the Society are working on a business plan to support this.
At this stage, that is all we can say with any degree of certainty.
We will update our members as and when the situation develops, however we will need to be careful how much information we put into the public arena.
The ideal course of events would be that we meet with the Village and negotiate a realistic and sensible deal that we can put to our members for their consideration. There will not be any deal agreed before the membership of the society has had the opportunity to discuss and approve its contents.
Perhaps now would be a good time for our members to reflect on the state of the current club and the things that we would have to do to turn around its fortunes.
If, and it is a big if, we do acquire the club then I can guarantee that there will be a role for everyone who would wish to see our club restored to its rightful position in the Football League
I would like to take this opportunity to invite you all to our next members meeting on August 16th at the Wrexham Lager Club when we can discuss the opportunity in more detail.
Members unable to attend are encouraged to e-mail the Secretary with any queries.
Press - Lindsay Jones 07976046755