On February 11, 2022, two days after the announcement that Heads of Terms had been signed to purchase the Racecourse Ground, the Club approached the WST with the request to surrender their lease for the Racecourse Ground.
It was envisaged that this would be achieved when the purchase of the Racecourse Ground from Wrexham Glyndwr University was completed. The purchase was completed on June 29, 2022.
Since the purchase the Club have regularly requested updates from the WST on the status of the request to surrender the lease.
The Club accepts the assurance from the WST that they are acting in good faith regarding the Club’s request to surrender the lease but with no material progress made since the request was made nearly 12 months ago, frustration is growing.
The Club have been sympathetic throughout to the WST and the constitutional challenges that have been faced during the period, including the requirement to reconstitute the Board in recent months and the changes in personnel that followed.
We now have a situation whereby the Club owns the freehold of the stadium, having secured the support of the 94% of the fanbase to take ownership, lease it to WST Assets Limited, and then the Club has a sub-lease from WST Assets.
As part of the transfer from Wrexham Glyndwr University, the Club agreed, among other things that the Racecourse Ground would remain the home of Wrexham AFC until at least June 30, 2115 unless it was agreed that the Racecourse Ground could no longer meet the requirements of the Club. In this circumstance, the Racecourse Ground could only be sold if an alternative stadium site in Wrexham was identified, and planning permission granted for a new stadium.
With the second anniversary of the takeover on February 9, 2023, the Club hope to celebrate having received a clear timeline from the WST as to when their members will be asked to consider the Club’s request to surrender the lease.