Nearly two years ago, I wrote on here about the Wrexham Gateway project, its key stakeholders The Welsh Government, Glyndwr University, Wrexham County Borough Council and Wrexham Association Football Club and its prospects of actual delivery.
News this week about the requested required extra funding from the Governments notorious ‘Levelling Up’ exercise being turned down for the second time comes as no real surprise to the inhabitants of Wrexham as it appears to be a very strong statement by the Tories that they will reward an area that actually votes for it, while denying funding to areas where electoral success will not be theirs. Wrexham’s inhabitants, who voted for a Tory MP last time round based apparently mainly on the ‘misleading’ Brexit information supplied have made it very clear that this mistake will not happen again, and it does appear that the area has suffered because of that. I have no doubt that the decision not to give funds to Wrexham had already been made, but they’ve just delayed releasing the information to concerned parties as long as they can.
In essence, the Wrexham Gateway project is around £60 million short of the amount required to complete the whole project. With Welsh Government already committing £25 million to the project, which has enabled purchase and clearance of a large swathe of ground, the visible footprint of the development is there, added to with the recent demolition of the Kop stand at the Racecourse.
So where does this leave us? Strangely, it has been the Football Club that has been first to speak up and set out a stance, with a statement that ‘Plan B’ will now come in to action. What Plan B actually consists of is open to speculation at this moment and will undoubtedly be revealed over the coming weeks, I have no doubt the Kop will be built, but in what timescale, what form, and financed by who is unclear at the moment.
The problem now is what happens to the Gateway group and hence the development if any one of the concerned parties decide to go their own way? As Glyndwr still own the land at the back of the Kop and showed chagrin when the plans for the new Kop were approved as it affected their own plans for another block of student accommodation on that space, they could, and within reason, now press ahead with that build subject to planning permission and make the building of the Kop in the proposed form difficult, if not impossible. Welsh Government also own the old Dickens garage plot of land, so basically, the ground could now become landlocked.
If Plan B cited by the Club is the build of the new Kop stand, without agreements with the footprint landowners, the stand will be of a reduced size, with only the original footprint of the former Kop stand immediately available to them, and access to the site for construction purposed limited to the goodwill of the owners of the Turf.
Raising money for a new stand is another issue. I have no doubt the Club owners will employ an expert in such matters to do this, and I have no worries in that direction, it’s just how fast they can raise the money. The Club owners don’t have bottomless pockets, and they have done well funding the Club so far, but they may not want their money tied up in real estate that may not be returned to them until the Club gets sold on at some point in what I hope is the far future. So maybe a way of quickly raising collateral would be to remortgage the Racecourse, and pay that back off over time, which would explain why the Club came out chasing the WST to collapse the lease this week, they would need that out of the way to smooth the process.
For those not aware, when Ryan Reynolds and Rob McElhenney took the Club over, the property owning structure was different, with Glyndwr University owning the Racecourse, and WST Assets Limited, a sub-company of Wrexham Supporters Trust (who previously owned the Football Club) owning a 99-year lease on the ground. Subsequently, R & R purchased both the Club and the Freehold of the Racecourse, but still had to pay ‘rent’ to WST Assets Limited, for the Club to play at the ground the Football Club owners actually own!
In my opinion, I think the best way forward would be to bring in a new investor, not just a sponsor, to cover not only the new stand construction, but the purchase of the two plots of land adjacent to Crispin Lane, which, apart from facilitating the original plan for the new stand to go ahead, would also allow the Club expansion room for Club offices, retail and match day catering facilities, such as the provision of a Fans Zone. With the panic not so long back by a lot of fans with the news that Ryan Reynolds was getting involved in the Ottawa Senators Canadian hockey club, my own take on this was that maybe it was a move to involve some very heavy rollers in his own project over here and bring them on board. In fact, a Tweet I put out suggesting that was ‘liked’ by Ryan himself, so maybe there is some traction in this thought.
Although the funding news comes as less of a shock, I still believe we will get there in the end. I would like the club and their partners to put out an indication of what direction we’re heading in so we can all get back to concentrating on the excellent football team we have!
*UPDATE* Monday 17th Jun 2024
After what feels like a long hiatus, the Club has issued what is to degree an update on ‘progress’ on the developments at the Racecourse. In effect, nothing is currently happening as regards actual work commencing, nor are any dates for its commencement as yet available. Instead, there are behind the scenes discussions ongoing apparently changing the focus of making the Racecourse a non-match day facility as well as the home of Wrexham AFC on match days.
The Club issued a public statement stating;
, “Wrexham AFC can share several exciting updates regarding the ongoing development of the StōK Cae Ras, driven by our evolving vision for the Club’s future.
First, we can confirm the extension of the temporary stand, which will accommodate approximately 3,000 seats. This temporary solution will remain in place until the Kop Development begins.
The Club and Wrexham Council have also reassessed the stadium development plans, particularly the new Kop, to ensure they deliver the best possible fan experience and provide the most value to the community. We plan to focus on making the stadium a year-round destination, not just a match-day venue, which will drive significant economic impact for the city of Wrexham.
The Club has agreements in principle to purchase the land required for the Kop development’s footprint. In the meantime, the Club is working closely with Wrexham Council to review the terms of the Grant Funding Agreement to ensure it aligns with the future needs of the club.
We deeply appreciate the ongoing partnership and support from Wrexham Council, Wrexham University, the Welsh Government, and the FA of Wales as we work through these developments. We will be having regular planning meetings with partners to move forward the work and will provide regular public updates on progress.”
In between the previous statements regarding progress on the new stand, Rob and Ryan publicly stated that they were looking at increasing the capacity of the ground to 55 thousand, which, to many would seem quite excessive even with a VERY successful football team, but looking beyond just football usage for the stadium, and the success of the various concerts held there in recent years, it would seem a natural progression for a town trying to be a city, and could attract investment outside of the current grant funding available to realise the stadiums growth. Indeed, with the North Wales Crusaders Rugby League team having been taken over by a financial company from Dubai, we may also see them attempting to move back to the Racecourse and contribute to development costs. Then again, considering that the purchase of the original Crusaders and their subsequent move north was funded at the expense of Wrexham AFC by a loan taken out against the Racecourse by the then owners, Moss and Roberts, resulted ultimately in the loss of the ground, they may not be so welcome by the Wrexham public.
The current pause and reassessment of how the ground will be redeveloped will obviously have several facets contributing to both its design, and, just as importantly, funding, where I believe the main hold up may be. Aspirations, no matter how wide ranging and beneficial, need to be funded, and as already mentioned, public money (with over £17.83m of money already allocated) may go some of the way towards this, but ultimately private investment, and no small-scale investment should the possible plans go ahead, will be necessary.
So, what happens now? Well, in the short term, the Club has confirmed the extension of the Kop temporary stand to approximately 3,000 seats – up from the previous 2,289 capacity. This would suggest that whatever the changes in planning, work will not be commencing in the near future. The Club had intended to build a 5,500-seat stand on the Kop area for the start of the 2024-2025 season and had even appointed Morgan Sindall Construction as the main contractor for the project. This obviously never happened and is now on hold.
One interesting point is that the Club has stated that it has agreements in principle to purchase the land needed for the project, although not specifying whether it was land owned by the University or the Welsh Government, or both. It would be quite satisfying to see the student flats being either demolished or brought back under the control of the Club given the history behind them, and that land may be crucial in fully developing the potential of the Racecourse footprint. I would suggest keeping an eye on the Wrexham Planning Portal for developments that may not be announced in the press. The current plans for the stadium are still available HERE on that site.
A worry is now that the grant funding agreement with Wrexham County Borough Council may be at risk as the conditions attached to the funding offer can’t currently be fulfilled. Could this lead to the loss of funding, especially in the current financial climate and Council deficits a matter of concern to the residents of the town.
There appears to be a lot of work to be done before any major changes happen at the Racecourse, and the shape of those changes will be dictated by the availability of funding, possibly tied in also to the necessary extra funding required to continue the progression of Wrexham AFC.