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CASH BOOST

Cash boost?
By wrecsam am byth April 16 2004
In the red Wrexham Football Club is to get a big cash injection according to the Wrexham Evening Leader. Details will be announced next week but a six-figure sum is earmarked for the struggling club.
From the Wrexham Evening Leader New Page 1

Details will be announced next week but a six-figure sum is earmarked for the struggling club.
Chairman Mark Guterman and his close friend, wealthy John Reames, are masterminding the deal. Reames, a former chairman of third division Lincoln City, has been brought in as a consultant to help sort out the clubīs cash problems.

He and directors David Griffiths and Dave Bennett yesterday spent hours in the boardroom at The Racecourse discussing details of what will happen. Guterman was not present but also there was the club accountant, manager Denis Smith and commercial director, Bill Wingrove.

Reames said: "It canīt be any kind of secret that the club has experienced over the last few months severe financial problems. Everyone in the area must be aware of it. Itīs had enough publicity.
"Thatīs the main reason I have been brought up to Wrexham because they have had major problems and they asked me to help sort them out.

"I am now very hopeful that next week we will be making a major announcement about Wrexham FC and as to its future fortunes. The club has, as I say, had financial problems which hopefully we will move to remedy.
"I have been trying to organise a major cash injection into the football club and at this moment in time I am extremely positive that is going to happen next week.

"Certain individuals are putting money into the club. You can say it will be a six-figure sum which, of course, can be anything from Ģ100,000 to Ģ999,999. But itīs not just a cash injection. Itīs also a chance for the club to become more involved in the community of Wrexham and its commercial activities. This will be a major turning point for the club."
Earlier, Smith was upset when told he would have to take his squad of players on a 500-mile round trip to Colchester on Saturday instead of staying at a hotel tomorrow night.

Smith said: "Iīm not happy with that. My job is to prepare the players as best I can for Saturdayīs game. That, in my mind, does not involve having them sat on a coach for five hours each way to and from Colchester.
"But I understand finances are tight at the club and the people now in charge here accept what I said that this should not be happening. But it is going to happen whether I go along with it or not. It wasnīt put to me like that, but I got the message.
 

"We all know the financial situation here. Look at our home crowds! We need to get bigger crowds at home. There is no doubt about that and until we do these sort of cutbacks are inevitable. I want to take this club forward - but we canīt do it on our own. We need all the help we can get. In the meantime, I have got to be patient with what is proposed and weīll just have to wait and see how things work out."
Smith and most of his players will leave The Racecourse at 8 am prompt on Saturday. They will pick up other players, who live in the north-west, at Walsall before continuing south for Essex.
Some of the players, who live in the Greater Manchester area, will have to be up by 6am to rendezvous with the team coach in the West Midlands.
 

Commercial director Bill Wingrove said: "Overnight hotel stays are expensive and this decision is just a cost-saving exercise which has got to be made. Staying at a hotel near Colchester would have cost in excess of Ģ1,500. At the moment the economic facts of life prevailing here would not allow that expense.
"But, as the manager says, we need bigger attendances at The Racecourse and bigger income. Of that, there can be no doubt."
 

 Carlos Edwards has been named in the PFA Second Division team of the year.
And Wrexham reserves were held to a 1-1 draw against Oldham at the Racecourse last night. Trialist Colin Quirk scored for Wrexham.

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