Takeover update statement 19th Jan - RedPassion.co.uk

Rob · 19th January 2021, 14.09:10

https://wst.org.uk/wp/?p=1553

In full below:

The WST Board would like to issue the following update regarding the proposed takeover of Wrexham AFC by Rob McElhenney and Ryan Reynolds.

It has come to the Wrexham Supporters Trust Board attention that a member posted unofficial and unsubstantiated remarks on social media about the takeover being ‘concluded tomorrow’ (implying Monday 18 January 2021).

Please be advised that the WST Board will let members know as soon as possible through official Club/WST channels when there are further developments or when matters have been finalised.

Last week the board concluded negotiation of the Share Purchase Agreement with RR McReynolds LLC and have exchanged contracts.

Completion of the deal will now be conditional upon a change to the Wrexham Supporters Trust rules- as approved by the members in November last year- being registered by the Financial Conduct Authority.

We will keep members updated regarding this registration of the changes with the FCA.

In the meantime, we wish all supporters a pleasant week and hope you are keeping safe in these challenging times.

Rob · 19th January 2021, 14.10:44

That matches what I was told over the weekend - it was explained to me that there was some concerns over turkey vote for xmas type thing - that the deal sort of goes against the aims of the organisation itself.

The other titbit was that the WST was one (or two?) resignations aware from being quorate - so hopefully it all gets done and voted on before any other processes are triggered.

Take the above as 100% unverified rumour

TrueRed · 19th January 2021, 14.13:37

How can it be so difficult it’s literally been voted for by the paying members!

TopCornerFergie · 19th January 2021, 14.13:40

Takeover9

Earlier than expected...

CRUMBS · 19th January 2021, 14.13:45

The FCA , what do they do when certain types get their hands on a club and ruin it , like the Vauns , not a lot .

jacthelad · 19th January 2021, 14.14:06

For flips sake. And lol to the turkeys voting for Christmas bit. Can imagine some arguing that. Let the fans vote until we dont like the result
Posted via mobile theme

FieldtownRed · 19th January 2021, 14.14:15

Quote:

Originally Posted by Rob

That matches what I was told over the weekend - it was explained to me that there was some concerns over turkey vote for xmas type thing - that the deal sort of goes against the aims of the organisation itself.

The other titbit was that the WST was one (or two?) resignations aware from being quorate - so hopefully it all gets done and voted on before any other processes are triggered.

Take the above as 100% unverified rumour

As in not enough board members to legally conduct business?

Huffy · 19th January 2021, 14.16:00

Lots of Turkey after all those sprouts ?? What next

Lods · 19th January 2021, 14.16:30

Hopefully it's by the end of this week. Rumour has it that Keates has got a signing lined up and we're just waiting on this to go through so we can complete it.

19th January 2021, 14.09:10	#1-0 (permalink)
Rob Due a Testimonial (info 1 & 2) (info) Joined: Oct 2004 Racecourse Spot: Yale Stand Real Name: Rob Twitter: @	Takeover update statement 19th Jan https://wst.org.uk/wp/?p=1553 In full below: The WST Board would like to issue the following update regarding the proposed takeover of Wrexham AFC by Rob McElhenney and Ryan Reynolds. It has come to the Wrexham Supporters Trust Board attention that a member posted unofficial and unsubstantiated remarks on social media about the takeover being ‘concluded tomorrow’ (implying Monday 18 January 2021). Please be advised that the WST Board will let members know as soon as possible through official Club/WST channels when there are further developments or when matters have been finalised. Last week the board concluded negotiation of the Share Purchase Agreement with RR McReynolds LLC and have exchanged contracts. Completion of the deal will now be conditional upon a change to the Wrexham Supporters Trust rules- as approved by the members in November last year- being registered by the Financial Conduct Authority. We will keep members updated regarding this registration of the changes with the FCA. In the meantime, we wish all supporters a pleasant week and hope you are keeping safe in these challenging times. Last edited by Rob; 19th January 2021 at 14.12:17..

19th January 2021, 14.10:44	#2-0 (permalink)
Rob Due a Testimonial (info 1 & 2) (info) Joined: Oct 2004 Racecourse Spot: Yale Stand Real Name: Rob Twitter: @	Re: Takeover update statement That matches what I was told over the weekend - it was explained to me that there was some concerns over turkey vote for xmas type thing - that the deal sort of goes against the aims of the organisation itself. The other titbit was that the WST was one (or two?) resignations aware from being quorate - so hopefully it all gets done and voted on before any other processes are triggered. Take the above as 100% unverified rumour

19th January 2021, 14.13:37	#3-0 (permalink)
TrueRed Club Captain Joined: Aug 2011 Racecourse Spot: MRS Real Name: none given Twitter: @	Re: Takeover update statement 19th Jan How can it be so difficult it’s literally been voted for by the paying members!

19th January 2021, 14.13:40	#4-0 (permalink)
TopCornerFergie Legend Joined: Apr 2011 Racecourse Spot: Tech End Real Name: Matty Twitter: @snowdonia_soc	Re: Takeover update statement 19th Jan Takeover9 Earlier than expected...

19th January 2021, 14.13:45	#5-0 (permalink)
CRUMBS Legend Joined: Aug 2012 Racecourse Spot: mold road stand Real Name: nev Twitter: @	Re: Takeover update statement 19th Jan The FCA , what do they do when certain types get their hands on a club and ruin it , like the Vauns , not a lot .

19th January 2021, 14.14:06	#6-0 (permalink)
jacthelad retired & running a pub Joined: Feb 2011 Racecourse Spot: Mold Road Stand Real Name: Jac Twitter: @	Re: Takeover update statement 19th Jan For flips sake. And lol to the turkeys voting for Christmas bit. Can imagine some arguing that. Let the fans vote until we dont like the result Posted via mobile theme

19th January 2021, 14.16:00	#8-0 (permalink)
Huffy Due a Testimonial (info 1 & 2) Joined: Oct 2004 Racecourse Spot: Yale Kop end Real Name: Rip Van Winkle Twitter: @" what do you expect from a pig except a grunt "	Re: Takeover update statement 19th Jan Lots of Turkey after all those sprouts ?? What next __________________ Down with this sort of thing!!!

19th January 2021, 14.16:30	#9-0 (permalink)
Lods Cult Hero Joined: Dec 2017 Racecourse Spot: Wherever the new ticketing process lets me sit Real Name: Twitter: @	Re: Takeover update statement 19th Jan Hopefully it's by the end of this week. Rumour has it that Keates has got a signing lined up and we're just waiting on this to go through so we can complete it.