WREXHAM Football Club is debt-free.
The Dragons’ official website has declared the club now owns its own stadium, training ground, land, buildings and equipment, has no bank overdraft and no long-term loans.
“It’s been three years of hard work which was meant to take only 18 months,” said chairman Geoff Moss.
Mr Moss has just sold his stake in Wrexham FC to Wrex- ham Village Ltd, a company in which he is a major investor.
He took sole control of Wrexham in 2008 after buying out the 50% stake owned by then chairman Neville Dickens, who stepped down, but retained a hands-on position as senior vice president.
The businessmen were hailed saviours when they became co-owners in 2006 to bring Wrexham out of administration, with hopes of wiping out its £4m debts.
The club says Wrexham Village has secured private equity finance to acquire the club development land money for the first 156 student flats to be built next to the Racecourse and to support the club with working capital.
He said: “The flats have started. We have a tight deadline from the [Glyndr] university and need to be finished by next summer.”