IN A BID to secure financial stability and move to a more stable position of governance, Wexford FC have announced that a supporter-run co-operative will soon take ownership of the League of Ireland club.
The Wexford Supporters’ Trust (WST) will fully own and govern the SSE Airtricity League First Division club and membership, open to everyone, will cost just €20 per month for 10 months of the year.
Following relegation from the Premier Division last year, Wexford Youths ceased trading and a new club, Wexford FC, was formed and was successful in its application for a League of Ireland licence.
In its statement, the club said the switch to a community-focused model is designed to avoid the difficulties it faced in the early part of 2017, when Wexford Youths faced a winding up order after chairman Mick Wallace, the independent TD, was declared bankrupt.
“Wexford FC is delighted to announce the launch of the Wexford Supporters’ Trust (WST), a supporter-run co-operative which will soon take ownership of Wexford FC, a member of the SSE Airtricity League,” the statement read.
“We are delighted to move our club to a community-focused model and are thoroughly committed to being a valuable and important element of the community of County Wexford and the entire South-East region.
“This co-operative trust model has been widely adopted throughout the SSE Airtricity League, and has been successful for many other clubs in creating a stable and sustainable framework through which to run a club.”
Wexford are currently seventh in the First Division standings having recorded just four victories this season. They travel to face UCD on Friday evening.
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