A DECISION has been made on whether negotiations for the sale of Wrexham Football Club will continue.
The Leader reported earlier this month how an approach to invest in the club had been made by "two extremely well-known individuals of high net worth."
Wrexham Supporters Trust Board (WST) called a special general meeting, which took place on Tuesday evening, September 22.
The purpose of the meeting was to authorise the board of WST or sub-groups of the board (and advisers) to discuss the offer with the investors in order to negotiate a detailed heads of terms for a potential transaction.
The intention being that once a detailed heads of terms is negotiated the board of WST will call a further special meeting for members to accept or reject the offer.
Following the meeting, a spokesman confirmed the outcome was in vast support of moving forward with the offer made by investors and make more detailed terms of agreement.
They said: “At an SGM called for approval of the Offer, WST board will provide all appropriate information regarding any offers to members. The Investors will be permitted to present their vision for Wrexham AFC Limited to the members in writing or by audio visual means.
“The board of WST be authorised to engage appropriate professional advisers, subject to controlling any exposure as to costs.
“The WST Board will now proceed with talks, and will update members on the next steps as soon as possible.”
In total, there were 1,223 votes made in favour of moving forward with plans and 31 objections.
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