BusinessBusiness RecoveryWrexham FC out of administration

Wrexham FC out of administration

Sale of football club brings it out of administration just in time for new season

Wrexham Football Club has been sold, bringing the club out administration
just before the start of the new football season.

The club narrowly avoided dropping out of the competition, as the league’s
rules stated that the club must get out of administration before its opening
fixture on Saturday.

Dave Acland and Steve Williams, partners at Begbies Traynor, steered the club
towards its sale to a consortium led by businessman Neville Dickens.

‘It’s been the hardest football assignment we’ve done,’ said Acland.

The administrators fought former owner and chairman Alex Hamilton over
possession of the club’s ground, which proved crucial in the club’s sale.

Acland said: ‘It has been difficult to trade, plus the complexity of the
transaction of the ground.’

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