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Old 9th May 2020, 10.50:46   #2-0 (permalink)
Rhosymedre Red
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Default Re: WST Statement: Retained list postponed

Chester Takeover

In light of the proposed takeover of Chester FC we have been asked to clarify the process if such an offer was received at Wrexham.

The answer is quite straightforward. A bid for the club could not be accepted under our current rules. Primarily

4.2 upholding the mutual ownership of the Club operating democratically, fairly and transparently.

To accept a bid for the club this rule would need to be overturned by special resolution. A Special Resolution requires a majority of 75% of members and at least 50% of members voting (Rules 51 and 100).

Following this there would need to be a further resolution to wind up the Society and distribute its assets to charitable causes in the local community (rule 105). All of the above would be a decision of the membership of the Society.