Update on progress to acquire Wrexham FC
Financial Due Diligence: Representatives of the Trust met this week with the club's accountants Sedulo to set budgets for the forthcoming season. This process also involved interviewing club staff to determine a realistic financial plan for the forthcoming season. This process will be complete this week and will allow our advisors BDO LLP to complete the financial due dilig ence on these figures and report back to the Trust Board the following week.
Members of the Trust Board were invited to spend time at the club last week in order to gain an understanding of how the Racecourse and Colliers Park is managed and operated on a day-to-day basis. The owners and all employees of Wrexham FC have been extremely supportive of the Trust during each of our visits and have provided us with a valuable insight into the club. We would therefore like to offer our sincere thanks to them all for their support.
Local Politicians: Friends of the Trust have updated the new Plaid AM for North Wales, Llyr Huws Gruffydd on the proposed takeover and invited him to become a member of Wrexham Supporters Trust. Llyr, who is a big Welsh football fan, will continue to press for Welsh Government intervention to ensure the Racecourse Ground continues as home to international sports events as well as Wrexham FC and Crusaders.
Annual General Meeting
Election of new Board members: All members are reminded that the Trusts AGM will take place at the Centenary Club at the Racecourse Ground on Wednesday 29th at 7.30pm. A total of eight valid nominations were received for the eight vacant positions, so there will be no election to the Society Board. Instead, a show of hands will be put before the AGM for the approval of all nominated candidates to be elected to the Society Board, in line with Rule 7.6.
A Special General Meeting will be called at a later date to enable fans to vote upon any proposed takeover.
Snowdon sponsored walk: Mount Snowdon, Yr Wyddfa yn Cymraeg, will be turned red for the day on Sunday, July 17th when over 100 Wrexahm supporters will walk to the top of Wales highest peak. Whilst a fantastic spectacle and a fun day out, everybody is encouraged to make sure they are well prepared for what will also be a good challenge. This looks like being a really big fundraiser for Wrexham Supporters Trust.
Membership: Following the ongoing success of WSTs Saturday Superstore, membership of the Trust rose again this week to 1176. The findings of the Big Red Survey taught us that the majority of Wrexham fans who were not members because they hadnt been asked to join. Hopefully the WST stall will give supporters the opportunity to join up. If you dont ask, you dont get, so were going to keep on asking! Please ask your friends and family to join up as well if they're not already members.
Yma o Hyd: Just a reminder that the WST version of Yma o Hyd (Still here) is available to view via You Tube (download). It's an inspiring view, both visually and audibly and we thoroughly recommend it to all members and fans alike. One for the 'favorites' list!
Supporters Direct News
Funding: Supporters may be aware that the Football Stadia Improvement Fund, administrators of the Premier League Fans' Fund, withdrew its financial support for Supporters Direct last week, citing some personal comments made by its Chief Executive Officer, Dave Boyle on his personal Twitter site following the promotion of AFC Wimbledon. Despite the uncertainty over their fut ure and livelihoods, the Supporters Direct team continues to provide almost daily support to the Trust, for which we are very grateful.
Facebook: As highlighted in our previous briefing, the Supporters Directs Fans Page on Facebook is available for viewing and is an extremely useful and informative read. We encourage our members to take a look at the site. To visit the page click here and click like to access more articl es, videos, photos and debates than ever before. This page also aims to be more interactive, so its an opportunity to share thoughts and experiences with members of other supporters trusts. In particular, there are regular updates about the Football Governance Inquiry and news from Supporters Trusts across England and Wales.
Fans Weekend: A reminder that the SD Fans' Weekend, which includes the SD Annual Conference and SD Cup - takes place in Chester (Friday 15th & Saturday 16th July 2011). The Conference will be held at The Queen Hotel on the Friday and the SD Cup will form part of a Fans' Day held on the Saturday at Chester FC's Exacta Stadium. Tickets are £37 for members of Supporters Trusts and £42 for non-member. Members of the Wrexham Supporters Trust Board will be attending so why not come along for a chat and an update. Click here for further details.