FIGURES released by the insolvency firm which took over the running of Wrexham FC reveal that the club actually made a profit for much of the time that it was in administration.
The Dragons’ trading profit was more than £208,000 during the 2005 and 2006 seasons, a report shows.
The news means creditors will now get back more of their investment than they expected.
Insolvency firm Begbies Traynor took over the club in December 2004, before finally selling it to local businessmen Neville Dickens and Geoff Moss in August last year.
In its final report, the Preston-based firm has told creditors they can expect to receive back 32.69p in the pound, an improvement on the 27.73p they voted to accept 12 months ago so that the rescue package could go ahead.
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Showing posts with label Troubled 'Club' Making Profit. Show all posts
Showing posts with label Troubled 'Club' Making Profit. Show all posts
Tuesday, 22 May 2007
Posted by Debtsgone LTD at Tuesday, May 22, 2007 0 comments
Labels: Troubled 'Club' Making Profit
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