Wrexham's New Owners

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From today's Wrexham Evening Leader:-

REDS: IT´S A DONE DEAL

Director says buy-out will be complete in the next 24 hours

WREXHAM Football Club will be sold in the next 24 hours, it was revealed today.

Director Dave Bennett this morning said he believed a deal to sell the club to Surrey businessman Andrew Smith’s consortium had been reached.

Mr Bennett said: “To be honest, I thought it was a done deal.

“They wanted to announce it on Saturday, but were told to hold off. I believed it was going to be announced very soon.”

The club was put into administration on Friday at the High Court in Manchester to fend off a winding-up petition.

The new owner now looks likely to be Mr Smith, from Surrey-based property firm The United Plotowners Association.

Mr Smith was said to have been alerted to The Racecourse situation through contact with financial analyst Mark Ferguson, the brother of Wrexham captain Darren.

Mr Smith also owns a chain of pubs in the South East and we can reveal that last night he was keen to let regulars at his pub in Woodham know just how interested he was in Wrexham FC.

At the busiest time in The Victoria, he pinned a printout on the pub notice board that linked his name with Wrexham FC.

Bob Hely, a sub editor on the Woking News, who was there to witness the event, said: “Although it’s my local, I’m not in there often. Last night Andy Smith was there and he was pinning up notices on the notice board. One of them was from a website connected with Wrexham FC and it mentioned Andrew Smith as an interested party.”

Mr Smith represented Woking East as a Lib Dem member on Surrey County Council until four years ago.

He is believed to have given up his seat because of ill health and was replaced by the current representative, Conservative Geoff Marlow.

Fellow councillors and officials say he is was a friendly and accessible member of the council, who preferred being called Andy to Andrew.

He is now managing director of UK and International Land Sales and Development, which was formed in 2003.

The company says it provides investors and the public “with a means to purchase land with a high potential for planning permission”

Mr Smith says he uses his knowledge and experience as a former county councillor to bring a fresh perspective to land selling.

The company web site says: “He also has a far-reaching view of the strategic side of land sales and has already been in contact with the Government in relation to the provision of environmentally-friendly services and discounted key-worker housing.”

His website claims his company holds 100 plots for sale at this time.

UPA was formed in February 2003 to assist plot owners across Britain in advancing planning applications for their sites.

Mr Bennett said he and fellow director David Griffiths were due to meet Mr Smith at The Racecourse on Friday but missed the meeting because they were held up in Manchester after the court hearing.

He added: “It is definitely a positive bid; it could be official today or tomorrow. I tried to call him over the weekend but failed to reach him.”

Mr Bennett said that as far as he was aware, Mr Smith’s plan involved keeping the club at The Racecourse and using land at the Kop end for housing.

The man now running Wrexham FC confirmed the club is in serious discussions with a potential buyer.

Administrator Steve Williams said that controversial owner Alex Hamilton had been approached about the sale of the club.

Mr Williams said: “That is the position at the moment. Someone is in serious discussions at the moment, which would concern the club and the ground.”

Any deal would have to meet the approval of Mr Williams, who says his job is to agree a consensual sale to the satisfaction of shareholders and creditors.

Two expressions of interest which came to the fore on Thursday failed to materialise, Mr Williams said.

Mr Hamilton said over the weekend he had been speaking to Mr Smith and a deal could be struck soon.

Mr Hamilton said he has also been in touch over the weekend with another potential bid.
 
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Wardy

NSC's Benefits Guru
Oct 9, 2003
11,219
In front of the PC
If this is the case then it sounds like good news.
 






Gazwag

5 millionth post poster
Mar 4, 2004
31,382
Bexhill-on-Sea
tedebear said:
can they have their 10 points back now please?

They will have to appeal, but a local businessman has put up the £5,000 to make the appeal, but I would guess they will be stuck with it.

If they hadn't gne into administration they would not have been bought
 




Wardy

NSC's Benefits Guru
Oct 9, 2003
11,219
In front of the PC
At least they will be able to keep their squad and have the rest of the season to pull themselves back out of the relegation zone.
 


tedebear

Legal Alien
NSC Patron
Jul 7, 2003
17,325
In my computer
gazwag said:
They will have to appeal, but a local businessman has put up the £5,000 to make the appeal, but I would guess they will be stuck with it.

If they hadn't gne into administration they would not have been bought

yep - I am in a rose coloured glasses mode - chance of getting them back are extrememly slim... £5k for an appeal though - not bad - wish our Falmer appeal cost that!! :lol:
 


Waterhall Wizard

Only one PETER WARD
Oct 14, 2004
1,299
East of Brighton
Lord Bracknell said:
From today's Wrexham Evening Leader:-

REDS: IT´S A DONE DEAL

Director says buy-out will be complete in the next 24 hours

WREXHAM Football Club will be sold in the next 24 hours, it was revealed today.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The new owner now looks likely to be Mr Smith, from Surrey-based property firm The United Plotowners Association.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Mr Smith represented Woking East as a Lib Dem member on Surrey County Council until four years ago.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

EXTREMELY LOUD ALARM BELLS RING OUT.

I felt a cold sensation run up my spine when I read this. If our experience is anything to go by, if Mr Smith takes over it will be out of the frying pan and in to the fire for Wrexham FC.

I wonder if his wife likes to amuse herself with assistant managers and international footballers.
 




And this from today's Daily Post:-

Rival bidder in the wings Dec 6 2004

By Mark Currie, Daily Post

WREXHAM FC owner Alex Hamilton last night revealed the existence of another potential bidder for the financially troubled League One club.

The Cheshire-based property developer, who last week opened negotiations with a Surrey-based company headed by Andrew Smith to dispose of his interests in both the club and the Racecourse Ground, described the fresh interest as "a serious inquiry from people with some footballing background".

Hamilton has previously dismissed overtures from ex-Wrexham chairman Mark Guterman and the fans-backed Wrexham Supporters' Trust.

But despite the new interest, Hamilton confirmed he had been impressed by what he had heard from Smith, who was alerted to Wrexham's problems through contact with City financial analyst Mark Ferguson, twin brother of Wrexham captain Darren.

"Mr Smith is in the lead and his offer fulfils all all the other considerations that were missing from the bids put forward by WST and Guterman," he added..

"I will be instructing my lawyers to begin working on the paperwork in the morning."

But although Hamilton is optimistic that a deal can be done, the detailed negotiations still have to be thrashed out with Steve Williams, the court-appointed administrator.

"Mr Smith's biggest obstacle is that he has to satisfy the insolvency practitioners now running the club that his offer, which I understand does not involve full payment to the creditors, will be acceptable to those creditors, who include the Inland Revenue and myself," Hamilton said.
 


wrexhamgnasher

New member
Oct 12, 2004
230
Oswestry
Lord Bracknell said:
And this from today's Daily Post:-

Rival bidder in the wings Dec 6 2004

By Mark Currie, Daily Post

WREXHAM FC owner Alex Hamilton last night revealed the existence of another potential bidder for the financially troubled League One club.

The Cheshire-based property developer, who last week opened negotiations with a Surrey-based company headed by Andrew Smith to dispose of his interests in both the club and the Racecourse Ground, described the fresh interest as "a serious inquiry from people with some footballing background".

Hamilton has previously dismissed overtures from ex-Wrexham chairman Mark Guterman and the fans-backed Wrexham Supporters' Trust.

But despite the new interest, Hamilton confirmed he had been impressed by what he had heard from Smith, who was alerted to Wrexham's problems through contact with City financial analyst Mark Ferguson, twin brother of Wrexham captain Darren.

"Mr Smith is in the lead and his offer fulfils all all the other considerations that were missing from the bids put forward by WST and Guterman," he added..

"I will be instructing my lawyers to begin working on the paperwork in the morning."

But although Hamilton is optimistic that a deal can be done, the detailed negotiations still have to be thrashed out with Steve Williams, the court-appointed administrator.

"Mr Smith's biggest obstacle is that he has to satisfy the insolvency practitioners now running the club that his offer, which I understand does not involve full payment to the creditors, will be acceptable to those creditors, who include the Inland Revenue and myself," Hamilton said.

I wouldn't believe anything Hamilton says. He's saying this now to try and provoke a bidding war.

"Mr Smith is in the lead" Its not a f***ing game Hamilton you prick! :angry: He fufills all of the other considerations because he works in property! :nono:

We shall see. Darren Ferguson is a Wrexham legend and non of the fans doubt that he would find anyone to screw the club over but everyone is still cautious of Mr Smith.
 


Stumpy Tim

Well-known member
tedebear said:
can they have their 10 points back now please?

I don't wish to be contraversial, but this rule is in place for a reason. Everyone got annoyed when Leicester weren't punished for going into Admin, and no one will complain if Leeds do. So why should Wrexham get the ten points back?

We all support the Wrexham cause, but in the big picture it can't be one rule for some & another rule for others
 




Waterhall Wizard

Only one PETER WARD
Oct 14, 2004
1,299
East of Brighton
wrexhamgnasher said:

"Mr Smith is in the lead" Its not a f***ing game Hamilton you prick! :angry: He fufills all of the other considerations because he works in property! :nono:

. . . . . . . . but everyone is still cautious of Mr Smith.

Believe me wrexhamgnasher, if Hamilton's games put Smith off from taking over Wrexham FC it could be the best thing to happen to the club in years.

All Brighton fans will tell you to steer well clear of Lib. Dem. politicians.
 


perseus

Broad Blue & White stripe
Jul 5, 2003
23,467
Sūþseaxna
An area of land between the Bramber Bypass, River Adur and Bramber village which had been advertised for sale as potential building plots.

This, I think is a bit of a dodgy enterprise. The developer buys the land at knock-down unsuitable farmland in a high risk flood area, and then tries to sell the land bits off to self-build house builders, without any promises that they can get Planning Permission.

I am NOT suggesting this is the same firm, but it kind of reminded me of them straight away. I could not check up and match them up. That is up to someone else to check.

I only remembered this because it was on the same agenda as when the Albion withdrew their Planning Permission application for Village Way South, which was quite a long time ago. Before May 2003, so it can't be the same firm?
 
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Thimble Keegan

Remy LeBeau
Jul 7, 2003
2,669
Rustington, Littlehampton
Stumpy Tim said:
I don't wish to be contraversial, but this rule is in place for a reason. Everyone got annoyed when Leicester weren't punished for going into Admin, and no one will complain if Leeds do. So why should Wrexham get the ten points back?

We all support the Wrexham cause, but in the big picture it can't be one rule for some & another rule for others

Absolutely spot on and I cannot agree more.

Whilst we are on this subject perhaps someone can shed some light on as to why Leeds need to find £2m by the end of next week to avoid administration but can carry on splashing out on players?!?!

Albion & England forever.

Thimble Keegan
Worthing BHA
 








Beach Hut

Brighton Bhuna Boy
Jul 5, 2003
72,687
Living In a Box
The Large One said:
We don't think you're paranoid, Percy. Just a treacherous liability.

:lolol: :lolol: :lolol:
 






clapham_gull

Legacy Fan
Aug 20, 2003
26,543
ALL clubs are ALLOWED to appeal against the 10 point deduction if administration was entered into because of events beyond their control.

It isn't one rule for one and one for another. Since all clubs voted for the deduction penalty they must have also voted for the exceptions to be put in place.

I think Wrexham have a very good case for the points to be returned.

Spending money you havent got, then coming it out of it smelling of roses is one thing.. Wrexham is an entirely different situation.
 




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