Wrexham finances improve

Wrexham Football Club enjoyed a much more successful financial year than expected, in the first season since a takeover by supporters.

It reported a net loss of £245,841 for the year to 30 June 2012, at its annual general meeting last night. Wrexham Supporters Trust, which bought the club in December 2011, had budgeted to lose £700,000 in its first year.

It has also paid off the majority of a £442,500 debt inherited from the previous owners.

The Trust also attributed the net loss to takeover costs. The club has been mired in deep financial uncertainty in recent years.

It has budgeted to lose £200,000 in the current season, to stay competitive in the club's push for promotion back into the Football League.

On the pitch, Wrexham are currently second in the Blue Square Bet Premier Credit: John Walton / EMPICS Sport