2011-04-21, 07:26 PM
Hello all, i've got a problem when a member or i posts a article from a website.
All the spaces dissapear!!
See here.
or visit www.football-base.co.uk/forum
The article should actually be like this.
Please help if you could.
All the spaces dissapear!!
See here.
or visit www.football-base.co.uk/forum
The article should actually be like this.
Quote:The Directors of Wrexham Football Club (2006) Ltd would like to set out the current financial and operating position of Wrexham Football Club (and Wrexham Village Ltd), in order to clarify the urgency of our current plight.
Wrexham Village Ltd has, to date, borrowed approx £14m from their bankers, the owners and third parties.
This has been invested to purchase WFC land (£6m); adjoining land and the construction to date (£7.8m); and losses to date of £200k (the losses being - overheads and interest in excess of rental income). The owners have received no interest on their investments.
It will be many years before income from the student rooms has paid off the debts of the company. Given the property price crash, it is anticipated that the current owners will NEVER recover all of their investment and lost interest in Wrexham Village.
The owners have also personally invested in the region of £1.8m into WFC since 1 July 2009. Figures, which have been verified, by all interested purchasers through the 'due diligence' process carried out. No interest has been charged on this loan.
The owners are obviously heavily committed to Wrexham Football Club. However, they are not able to finance the club any further. Contrary to what some may think, they do not have any further available funds. The Wrexham Village project is now dependent on further business funding, for which arrangements are in progress.
When acquired in 2006, WFC was £3.8m in debt. With the sale of land to Wrexham Village and despite significant annual losses thereafter, the Club is now in a position where it owns the main ground and training ground, but has the short term HMRC debt to pay in April.
Various attempts to sell the Club have been made, with some still ongoing, however, no potential investors, have yet been willing and / or able to commit to a deal. Whilst the team is on the verge of a potential promotion, it is unfortunate that the funding seems to have now reached an end.
We are concerned that the Football Conference may prevent Wrexham Football Club from participating in the play-offs, should the HMRC debt not be paid in advance (that is by 6 May 2011).
Obviously, should the company be wound up or go into administration, it could lose its current league status and any phoenix club may be unable to apply to enter the English Football hierarchy.
The only other alternative that we currently have is to sell the Racecourse Ground, with some parties already showing an interest.
The Crusaders currently have a long lease to play Super League games at the Racecourse and this will not impact on their future.
In summary, the owners, Ian Roberts and Geoff Moss have already invested millions of pounds in their support of WFC and are unable to continue.
Please help if you could.