JOINT ANNOUNCEMENT, 25.01.05
WREXHAM AFC
Mr. Andrew Smith, Chairman and Managing Director of United Plotowners
Associates Ltd (UPA), and Mr. Alex Hamilton are delighted to announce
that agreement in principle has been reached to acquire all of Mr.
Hamilton's interests in Wrexham AFC and related Freehold Properties.
The agreement is subject to contract and it is intended that
contracts will be exchanged within 21 days from today. The agreement
will also be subject to approval by the creditors of Wrexham AFC,
which is currently in the hands of administrators. This will take
several weeks, but, if the arrangements and proposals are agreed by
the relevant parties, Mr. Smith believes that they will ensure the
future of Wrexham AFC at the Racecourse Ground for the foreseeable
future.
As part of the agreement in principle, the parties accept that no
further details of the contemplated transactions will be publicly
disclosed or discussed, at least until the transactions are
finalised.
Both parties look forward to this process being concluded as swiftly
and efficiently as possible, so that the manager and players at
Wrexham AFC can concentrate on their "on the field" performance in
order to ensure that League One survival is secured this season and
the team can build for a successful future.
Alex Hamilton
Andrew Smith
25th January 2005