Re: Wrexham
Posted: Fri Jul 29, 2011 3:45 pm
Yetdavealbon wrote:It's alright, we're not in the Conference! :lol:Everyweeker wrote:Is that on the record, Mr Secretary?;)
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Wrexham
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Re: Wrexham
Posted: Sat Jul 30, 2011 3:40 pm
http://www.twohundredpercent.net/?p=14118
From the article:-
"The ultimate truth of this situation is a simple, if painful one. If it cannot pay its wages and staff on time, by any reasonable definition Wrexham Football Club is insolvent. What assurances can Moss and Roberts possibly give the Football Conference over the next couple of days? Wrexham supporters will fight to the absolute bitter end – a demonstration is planned to take place at The Racecourse Ground on Saturday afternoon at 3pm – but, unless funding is put into the club, either immediately or almost immediately, then Wrexham FC will die. It has no monetary value and no matter who ends up running it, some tough decisions are going to need to be made in order to keep it afloat. There are still, however, hurdles to be jumped to get that far. As such, the next few days could be the most important in the history of Wrexham Football Club."
Deja Vu?
From the article:-
"The ultimate truth of this situation is a simple, if painful one. If it cannot pay its wages and staff on time, by any reasonable definition Wrexham Football Club is insolvent. What assurances can Moss and Roberts possibly give the Football Conference over the next couple of days? Wrexham supporters will fight to the absolute bitter end – a demonstration is planned to take place at The Racecourse Ground on Saturday afternoon at 3pm – but, unless funding is put into the club, either immediately or almost immediately, then Wrexham FC will die. It has no monetary value and no matter who ends up running it, some tough decisions are going to need to be made in order to keep it afloat. There are still, however, hurdles to be jumped to get that far. As such, the next few days could be the most important in the history of Wrexham Football Club."
Deja Vu?
Re: Wrexham
Posted: Fri Aug 05, 2011 4:53 pm
Looks like it might be over for them
http://www.footballconference.co.uk/new ... ws_id=5174Wrexham appeared before an independent panel of the Football Conference on Thursday, 4th August 2011, to account for the serious financial situation at the football club.
Besides discussing the current position, the club were requested to detail their projections for the coming season. The reasoning for this was to satisfy the Football Conference Ltd, from budget information supplied, whether the club could meet its legal and financial obligations as a member and to determine their ability to fulfill their fixtures and meet creditors` demands.
The panel was informed of a third party involvement in relation to the proposed sale of the clubs stadium together with other assets and received information on how the monies from the sale were intending to be used.
It was crucial, with the season due to commence, to establish, how best to protect not only the integrity of the competition but importantly to safeguard the interest of member clubs.
Wrexham Football Club shall by 5pm on Monday, 8th August undertake to the Football Conference Ltd:-
1. Deposit a bond or bank guarantee of £250,000 into the competitions accounts.
2. Proof of payment to all outstanding football creditors, including staff and players wages.
3. Lodge a signed lease, acceptable to the Football Conference, as to where the club intends to play its home fixtures for season 2011/12.
4. Submit a detailed business plan and revised budget for the coming season
Re: Wrexham
Posted: Fri Aug 05, 2011 4:57 pm
Don't get me wrong, I wouldn't want to see Wrexham (or any team for that matter) go under, but judging by what i have been reading in the last week or so, if they aren't kicked out then there is a serious case of one rule for them and another for us.
Re: Wrexham
Posted: Fri Aug 05, 2011 8:43 pm
Since it became apparent that the end was nigh for us I haven't taken any interest in what's been happening elsewhere, but has Wrexham's situation really got that much worse than it was at the time of the AGM?BartonRaz wrote:Don't get me wrong, I wouldn't want to see Wrexham (or any team for that matter) go under, but judging by what i have been reading in the last week or so, if they aren't kicked out then there is a serious case of one rule for them and another for us.
Their problems first became apparent around March I think it was, when there was some debate over whether they would be allowed to enter the play offs should they reach them. They managed to somehow satisfy the Conference board at that point, but surely even they must have had some inkling that all was still not well at the Racecourse Ground?
Re: Wrexham
Posted: Fri Aug 05, 2011 8:46 pm
therushden wrote:i think it's going to be a growing trend sadly.
totally agree 8-)
Re: Wrexham
Posted: Sat Aug 06, 2011 7:45 am
The talk around Wales is that with Glyndwr University having bought the ground and the training ground, then the FC is basically saved... the Monday deadline looks to be posturing from the Conference, safe in the knowledge that they won't actually have to do anything in reality.
Re: Wrexham
Posted: Mon Aug 08, 2011 7:17 pm
Looks like they might be ok after all.
From the Non-League Show on Twitter "The Football Conference is hopeful that Wrexham FC will complete satisfactorily within the next 24hrs those matters which are still required so demonstrating they are in a position to fully comply with their financial and legal obligations to the membership....allowing the competition to proceed without further delay or hindrance this coming weekend."
From the Non-League Show on Twitter "The Football Conference is hopeful that Wrexham FC will complete satisfactorily within the next 24hrs those matters which are still required so demonstrating they are in a position to fully comply with their financial and legal obligations to the membership....allowing the competition to proceed without further delay or hindrance this coming weekend."
Re: Wrexham
Posted: Tue Aug 09, 2011 5:38 am
I'm pleased for them. It also demonstrates its quite difficult to get thrown out of the Conference, unless of course there is another agenda. I know a few of our fans believed some of the stories that the Conference was standing in our way - perhaps this might help them to realise where they were being duped.Diamondsforever wrote:Looks like they might be ok after all.
From the Non-League Show on Twitter "The Football Conference is hopeful that Wrexham FC will complete satisfactorily within the next 24hrs those matters which are still required so demonstrating they are in a position to fully comply with their financial and legal obligations to the membership....allowing the competition to proceed without further delay or hindrance this coming weekend."
Re: Wrexham
Posted: Tue Aug 09, 2011 7:19 am
Wrexham have been given an extra 24 hours to find the remaining 100k. This is due later today, if they fail to pay it - and their supporters suspect it is impossible - they are gone.
Edit: Just seen on Red Passion (Wrexham forum) that they have until 12 noon to find that 100k, and fans are being urged to go down to the ground today to hand over money!!!
Fair play to them if they manage to raise that. Whatever happens, this should all come to a head today.
Edit: Just seen on Red Passion (Wrexham forum) that they have until 12 noon to find that 100k, and fans are being urged to go down to the ground today to hand over money!!!
Fair play to them if they manage to raise that. Whatever happens, this should all come to a head today.