Friday, July 29, 2011

Football club runs out of money

The co-owner of Wrexham says the football club has run out of money.

It has cancelled two pre-season friendlies because of players' wages not being paid this month.

Co-owner Jeff Moss said the club, which is up for sale, was desperately searching for cash to pay wages and a ?45,000 tax bill.

He also said he was considering leaving the country over death threats he said have been made against him.

Wrexham Supporters Trust have been involved in a lengthy bid to buy the club.

In a statement issued to the Daily Post, Mr Moss said: "We had mistakenly hoped a deal would have been concluded by now which would have resolved the situation.

"It is very regrettable - we have run out of money, it's not that we won't [pay the players], we just can't."

He said he had lost a lot of money and was in a difficult financial situation that would mean he would have to sell his house.

"I am afraid that for the sake of my family's safety in view of the death threats I have received, I may have to leave the country," he added.

Source: http://www.bbc.co.uk/go/rss/int/news/-/news/uk-wales-north-east-wales-14339132

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