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Wrexham AFC Directors' Statement

The directors of Wrexham AFC have moved to reassure the club's supporters they do not plan on taking the club into administration.

However, they admit the club could be forced to enter administration if a proposed deal with local University (Owain Glyndwr) and the Wrexham Supporters Trust can't be agreed.

A statement on the club's official website read:

We are can state that we are not planning on taking the club into Administration unless the University deal does not go through (unlikely) or the Wrexham Supporters Trust pull out of their planned takeover.

We have been trying to sell the Club since January and were not allowed to sell to people we felt had the best financial resources to take the Club forward.

The current sale has been on the go since May and the delay in completing has left us with a severe cash flow situation, pending one of the above falling into place.

Everyone is working hard behind the scenes to overcome the present difficulties. Despite certain myths, the current owners do not have the available cash to cover this current shortfall, until a sale is complete.

The University are conducting themselves in a very professional manner and progressing a quickly as is possible.

This is likely to be a difficult couple of weeks.

PS

Heads of Terms between the Football Club and the Wrexham Supporters Trust are now in the process of being drawn up - which is another step forward.

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Wrexham AFC Directors' Statement

The directors of Wrexham AFC have moved to reassure the club's supporters they do not plan on taking the club into administration.

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