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Old 13th May 2018, 11.54:39   #1-0 (permalink)
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Default Some facts - not false news.

Everyone's dismayed that we're facing another season in the National League, but let's have a little perspective on the way progress is being made, irrespective of some posters who seem to relish spreading gloom and doom, and blame on all and sundry, twisting facts to suit their agenda whatever those might be.

The truth:

Although this was the 10th season in non-league, following relegation under previous ownership at the end of the 2007/8 season, we've been run under fans ownership for fewer years. It was not the Trust's fault - nor the fans fault - that the club was relegated.

The Trust took the Club over on 27th September 2011, making this last season "only" the 7th under fans ownership.

Dean Saunders' unaffordable salary (however much it might have been) was not arranged by the Trust, and he left the Club on 22nd September 2011.

Prior to the Trust taking the Club over, it ran at a loss under the previous owners. The Club owed £2,400,000 when it was put into Administration on 3rd December 2004, with £800,000 owed to the inland revenue.

Debt inherited by the Trust was reduced only by the previous owners selling the Racecourse and Colliers Park to Glyndwr University.

The club has, for nearly all of its history "only" had a lease on the Racecourse. Most will know that it was owned by Border Breweries and then Marstons. In 2002, then-chairman Pryce Griffiths acquired the lease for £750,000 from Wolverhampton and Dudley Breweries, plus a £1 per annum peppercorn rent. Then, on 22 June of the same year, new chairman Alex Hamilton acquired the freehold of the Racecourse from the Brewery for a further £300,000 but ON THE SAME DAY he transferred ownership of the ground to one of his own companies, Damens, for a nominal fee. The club was given a year's notice to quit, and the peppercorn rent was increase from £1 to £30,000. The High Court ruled in 2006 that the transfer was inappropriately carried out, and the land then became an asset of the Club's administrator.

Moss and Roberts transferred ownership from Wrexham FC (2006) in 2006 to another of their businesses, Wrexham Village Ltd. By then, the Racecourse had ceased to have any value as an asset to the football club.

The point of detailing all that was to show that long leases CAN have an asset value.

The Trust announced that the Club had made a profit of £11,587 for the 2014/15 season, and that was the first profit recorded by the Club in 15 years!

2 years later, and that profit has grown to £150,000 under the Trust.

Fans' Ownership has, in six years, provided more than £1,000,000 of funding to the club through the Trust.

On another thread, it was claimed that prior to the Trust's ownership of the Club, there were queues forming down Crsipin Lane of investors (aka chancers as it turned out) wanting to buy the club. Where were the GENUINE investors that some fans think are still out there, willing and able to become involved?

And so, the above demonstrates that far from running the club down, the Trust has demonstrated forward planning, taking a loss making concern into profitability, and MOST IMPORTANTLY avoiding the club overextending itself financially while still able to retain its place in the 5th tier of the football pyramid - all due to fans involvement, as supporters and as financial backers and investors too. Although the investments may seem relatively small individually, they are very significant collectively, and have produced a stable club - a solid platform upon which to grow much further.

There has been no risk: no "dodgy investors" who could withdraw their interest without any notice, leaving the club high and dry with player contracts that were unsustainably high.

Fans can have confidence in the future. The rise in the club's fortunes on the pitch might not have been as meteoric as some impatient people want - but rise is what the club is doing, and will continue to do with FANS OWNERSHIP to back it and make it what YOU want it to be.

Last edited by The Only Way Is Up; 13th May 2018 at 11.57:55..
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Old 13th May 2018, 12.07:28   #2-0 (permalink)
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Default Re: Some facts - not false news.

Great post.
I am, and I am sure most fans are, very pleased with the path pursued by the Trust. Long may it continue.
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Old 13th May 2018, 12.10:25   #3-0 (permalink)
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Default Re: Some facts - not false news.

Quote:
Originally Posted by ConwyRed View Post
Great post.
I am, and I am sure most fans are, very pleased with the path pursued by the Trust. Long may it continue.
Iíll second that.

Thanks for the OG post. Itís good to be reminded of the facts occasionally and put a small dent in the constant complaining and trust bashing by the outspoken ignorant posters.
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Old 13th May 2018, 12.25:55   #4-0 (permalink)
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Default Re: Some facts - not false news.

Nice bit of PR, no mention of football fortune, selling Obeng early on, percentage of next sale clauses etc.

Too many are getting complacent on here metioing we've made profits. The die hard support are forever getting older with very few youngsters willing to take over the voluntary work. One bad season, combining low attandances, players on big wages and we're in big trouble, although those running the club won't be at fault for such a scenario.

We've wasted millions on journeymen while using the very tired excuse of league funding for the academy once promoted. How is it Wimbledon have been able to have a very successful academy without such funding seeing half a dozen players at least in the first team regularly playing for them now, while also producing a very long list of players who've moved to bigger clubs in 15 years? Crucially they got promoted out of this league to by having a long term plan, investing in local youngsters to build a team, vary rarely can you build one in a summer or two.

How about Tamworth who under Morell grew the academy which is now starting to bare fruit? No funding again their.
The simple fact is the club have become too obsessed with promotion at all costs, no forward planning, millions wasted on players who don't give a toss about the club, this seasons capitulation a brilliant demonstration.

Honestly, what is our plan for the next 5-10 years beyond promotion and making a profit, it's another reason so many are put off by joining the WST, no transparency on the major matters of the club such as the academy. Tamworth had a presentation when Morrell took over outlining what they'd like to achieve over 5 years regarding club structure etc, I'm struggling to think of such a time it's happened at Wrexham.
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Old 13th May 2018, 12.28:17   #5-0 (permalink)
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Default Re: Some facts - not false news.

Alot of people think the Trust has taken us as far as it can. Membership numbers, budget cuts and no real growth indicates this maybe the case.

Also a bit of a p1ss take saying impatient fans when we have been the longest serving conference team.

Finally another fact is that we have had the lowest league position in the club's history under trust ownership and IMO the worst football in our history too. Most people go to the match to watch football not get excited by numbers on club's accounts.

Last edited by Birdy; 13th May 2018 at 12.29:55..
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Old 13th May 2018, 12.30:01   #6-0 (permalink)
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Default Re: Some facts - not false news.

Quote:
Originally Posted by The Only Way Is Up View Post
Everyone's dismayed that we're facing another season in the National League, but let's have a little perspective on the way progress is being made, irrespective of some posters who seem to relish spreading gloom and doom, and blame on all and sundry, twisting facts to suit their agenda whatever those might be.

The truth:

Although this was the 10th season in non-league, following relegation under previous ownership at the end of the 2007/8 season, we've been run under fans ownership for fewer years. It was not the Trust's fault - nor the fans fault - that the club was relegated.

The Trust took the Club over on 27th September 2011, making this last season "only" the 7th under fans ownership.

Dean Saunders' unaffordable salary (however much it might have been) was not arranged by the Trust, and he left the Club on 22nd September 2011.

Prior to the Trust taking the Club over, it ran at a loss under the previous owners. The Club owed £2,400,000 when it was put into Administration on 3rd December 2004, with £800,000 owed to the inland revenue.

Debt inherited by the Trust was reduced only by the previous owners selling the Racecourse and Colliers Park to Glyndwr University.

The club has, for nearly all of its history "only" had a lease on the Racecourse. Most will know that it was owned by Border Breweries and then Marstons. In 2002, then-chairman Pryce Griffiths acquired the lease for £750,000 from Wolverhampton and Dudley Breweries, plus a £1 per annum peppercorn rent. Then, on 22 June of the same year, new chairman Alex Hamilton acquired the freehold of the Racecourse from the Brewery for a further £300,000 but ON THE SAME DAY he transferred ownership of the ground to one of his own companies, Damens, for a nominal fee. The club was given a year's notice to quit, and the peppercorn rent was increase from £1 to £30,000. The High Court ruled in 2006 that the transfer was inappropriately carried out, and the land then became an asset of the Club's administrator.

Moss and Roberts transferred ownership from Wrexham FC (2006) in 2006 to another of their businesses, Wrexham Village Ltd. By then, the Racecourse had ceased to have any value as an asset to the football club.

The point of detailing all that was to show that long leases CAN have an asset value.

The Trust announced that the Club had made a profit of £11,587 for the 2014/15 season, and that was the first profit recorded by the Club in 15 years!

2 years later, and that profit has grown to £150,000 under the Trust.

Fans' Ownership has, in six years, provided more than £1,000,000 of funding to the club through the Trust.

On another thread, it was claimed that prior to the Trust's ownership of the Club, there were queues forming down Crsipin Lane of investors (aka chancers as it turned out) wanting to buy the club. Where were the GENUINE investors that some fans think are still out there, willing and able to become involved?

And so, the above demonstrates that far from running the club down, the Trust has demonstrated forward planning, taking a loss making concern into profitability, and MOST IMPORTANTLY avoiding the club overextending itself financially while still able to retain its place in the 5th tier of the football pyramid - all due to fans involvement, as supporters and as financial backers and investors too. Although the investments may seem relatively small individually, they are very significant collectively, and have produced a stable club - a solid platform upon which to grow much further.

There has been no risk: no "dodgy investors" who could withdraw their interest without any notice, leaving the club high and dry with player contracts that were unsustainably high.

Fans can have confidence in the future. The rise in the club's fortunes on the pitch might not have been as meteoric as some impatient people want - but rise is what the club is doing, and will continue to do with FANS OWNERSHIP to back it and make it what YOU want it to be.
Sorry but all this, however laudable it is and I agree it is, is meaningless without progress on the pitch. Thatís the bottom line and ultimately the only fact that really counts. We are still not even finishing in the play offs, let alone getting promoted. And this is despite the fact that the play offs have been extended down to 7th.
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Old 13th May 2018, 12.30:12   #7-0 (permalink)
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Default Re: Some facts - not false news.

Great Post. I for one am proud to be part of a fan owned club operating on a sustainable basis which gives confidence for our future existence. Of course we want to progress and get out of this league but only by keeping to the policies and structures in place. Don't forget we nearly didn't have a club to support.
I support the Trust. I support the Club. Already looking forward to next season.
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Old 13th May 2018, 12.34:53   #8-0 (permalink)
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Default Re: Some facts - not false news.

Quote:
Originally Posted by GiggityGiggityGiggityGoo View Post
Honestly, what is our plan for the next 5-10 years beyond promotion and making a profit, it's another reason so many are put off by joining the WST, no transparency on the major matters of the club such as the academy. Tamworth had a presentation when Morrell took over outlining what they'd like to achieve over 5 years regarding club structure etc, I'm struggling to think of such a time it's happened at Wrexham.
This is one of the most important omissions from the trust's running of the club, nothing long term, no strategy commercially or youth wise. Well actually the youth strategy I believe is a figure for sales which must be met every season, and people wonder why we get no decent youth players coming through!
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Old 13th May 2018, 12.40:13   #9-0 (permalink)
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Default Re: Some facts - not false news.

It is all very commendable and still trundled out to remind everyone how lucky we are to have a club.

Can some please explain when the progress on the pitch will start to supplement all this other fantastic work that has been done because that's the real measure of success.
As Birdy says numbers in the books is of no interest to the majority of fans.

This isn't a direct dig at the trust and all the good work that has been done but to get promotion we need to add something extra into the pot.
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Old 13th May 2018, 12.40:33   #10-0 (permalink)
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Default Re: Some facts - not false news.

Quote:
Originally Posted by Birdy View Post
Alot of people think the Trust has taken us as far as it can. Membership numbers, budget cuts and no real growth indicates this maybe the case.

Also a bit of a p1ss take saying impatient fans when we have been the longest serving conference team.

Finally another fact is that we have had the lowest league position in the club's history under trust ownership and IMO the worst football in our history too. Most people go to the match to watch football not get excited by numbers on club's accounts.
What nobody seems to realise is that we have virtually moved nowhere on the field.

Also 2004 doesnít really back anything those debts were made on purpose in the Hamilton days, but did lead to where we are.

If this appointment of Ricketts fails we will see support fall, this just having a club isnít enough we need too actually make progress on the field.
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