Wrexham’s failure to re-gain Football League status has clearly cost them financially, although the overall position is complicated as this statement from the club makes clear. It is evident that the holding company, Wrexham Village, is subsidising the club to the tune of £1m a year.
Wrexham’s failure to re-gain Football League status has clearly cost them financially, although the overall position is complicated as this statement from the club makes clear. It is evident that the holding company, Wrexham Village, is subsidising the club to the tune of £1m a year.
The club emerged from administration with £11m of debt, but development land was sold to the holding company for £6m which now has to complete a student housing project. The club now owns the ground and its training ground, Crusaders Rugby Club does not make a profit but contributes significantly to cash flow.