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Jun
8

Centre of Excellence Closes

Wycombe Wanderers and Wycombe Wanderers Trust have reluctantly taken the joint decision to close the club’s Centre of Excellence with immediate effect.

Due to the club’s financial limitations, together with the increased demands of the Elite Player Performance Plan (EPPP) for the forthcoming season, the club and the Trust – who are finalising a deal to take over the club – feel it will no longer be able to sustain youth development at any age level going forward.

Whilst the current Centre of Excellence structure requires significant backing to operate each year, the new EPPP rules would demand increased investment to meet new criteria.

The ruling will also see the introduction of a new policy for transfer fees for players under the age of 18. If a fee cannot be agreed between two clubs, a limit of around £70,000 will be the amount that Football League clubs will be able to receive for a player which it has spent time, effort and financial resources in developing. With this rule in place, the club expects that more and more fees will not be agreed and be settled under this new requirement.

Wanderers were opposed to the EPPP from the outset, voting against the proposal at a meeting alongside fellow Football League clubs in October. However, the ruling was passed and the club believes it is certain to change the way in which Football League clubs are able to operate at youth level.

The long-term stability of the club is the number one priority and all resources are going towards ensuring the club is financially secure. Both parties understand this is extremely disappointing news, but it was unavoidable in ensuring the club becomes sustainable.

The club will do all in its power to assist in helping players find new teams, whilst they also reserve the opportunity to offer professional contracts to selected scholars.

Wanderers have established a reputation for having one of the best youth departments in the Football League, having developed and handed professional debuts to the likes of Roger Johnson, Matt Phillips, Jordon Ibe and Kadeem Harris, who are now at Wolverhampton Wanderers, Blackpool, Liverpool and Cardiff City respectively.

In the current squad, Matt McClure, Jesse Kewley-Graham, Anthony Stewart, Josh Scowen and Charles Dunne have also all come through the ranks at Adams Park and made their first-team debuts in the last two years.

The club would like to express their sincere gratitude to the staff, who will now be leaving as a consequence of the closure of the department, in helping to build a well-respected Centre of Excellence and wish them every success for the future.

May
14

Press Release

Wycombe Wanderers Football Club and Wycombe Wanderers Trust are pleased to issue the following joint statement:

Wycombe Wanderers can today announce that the Club and its owner Steve Hayes are in the final stages of negotiations to complete a deal which would see the Club taken over by Wycombe Wanderers Trust.

Whilst there remain a number of issues to be resolved and agreed, including agreement from WWFC shareholders regarding possible changes to their shareholder rights, to enable the deal to take place, both parties are confident a deal can be finalised in the coming weeks.

The deal is designed to preserve the Frank Adams legacy of Adams Park for Wycombe Wanderers, ahead of the Club’s 125th year anniversary next season.

Wycombe Wanderers Trust Chairman, Trevor Stroud said: “We believe we are in a strong position to take the Club and Adams Park forward under the Trust’s stewardship and we are pleased with the favourable terms being offered by Steve Hayes in this process. Whilst we work towards making this deal happen and we focus on key financial and legal matters, there will be no further comment from the Trust until such time as a deal has been finalised.”

Wycombe Wanderers owner Steve Hayes said: “I am confident that Wycombe Wanderers Trust are the right people to take the Club forward. For now the focus of everyone involved is to ensure the deal is completed as quickly as possible. In keeping with the Trust, the Club and I will make no further comment until such time as a deal has been finalised”

Oct
5

Statement issued by Steve Hayes

The owner of Wycombe Wanderers and London Wasps has today issued a statement that he is seeking new owners for the the rugby club.

Click here to read what he has to say

The WW Trust response is as follows:

After a period of time when intentions were unclear, the Wycombe Wanderers Trust notes, with interest, the announcement made by Steve Hayes in respect of his intention to seek a buyer for London Wasps and his commitment to Wycombe Wanderers for the foreseeable future.  

The announcement is clearly much more related to Wasps at this stage and as such a purchase price for London Wasps is not something that interests or concerns the Trust. We would agree that careful consideration of the dis-entanglement of the previously merged administration must be covered in any discussions with any prospective buyer and we will ensure this isssue is tackled sensibly and clearly once any buyer is identified and discussions progressed. This process should help clarify the true costs of running WWFC as a single entity.
 
The Trust looks forward to continuing to work with Steve Hayes and his management team to ensure the long term security of Wycombe Wanderers Football Club.

Jul
28

WWFC Annual Report 2010

WWFC Annual Report for the year ending 30 June 2010 can be read here
2010 Annual Report