OWNERS Eggchaser Group have said they are withdrawing their financial backing for North Wales Crusaders.
The club – which has been late paying players and staff – is now in the shop window for new majority shareholders, with the current owners the Watkins family saying the issue is “time sensitive”.
At this stage they intend to fulfil fixtures but beyond this weekend remains uncertain.
A statement posted on social media channels read: “Due to a change in circumstances, the owners of the North Wales Crusaders have concluded that they will no longer fund the additional costs to run the club with immediate effect.
“Initially involved at the back end of 2024, the owners cleared a lot of historical issues and debts, and invested in a squad to win League One. The current situation with regard to costs and competitive league set-up isn’t tenable for the owners and an adjustment to the business plan is needed.
“The shareholders have been working in the background to identify suitable partners who may provide a combination of values that would be ideal to give North Wales Crusaders an opportunity to thrive, making the most of the location, talent and facilities.
“As yet we do not have an agreement in place, so we want to make public that we are looking for a new majority shareholder, someone with the passion for the project in North Wales that we have.
“We recognise that this will create uncertainty, and would ask at this point for all North Wales investors to get behind the club, staff and players. A great opportunity to show your support would be at forthcoming home fixtures in the 1895 Cup versus Midlands Hurricanes and in the league versus Salford.
“Due to the ongoing competitive season, this is very much a time-sensitive matter, so please if you are interested in supporting the Crusaders’ next phase, make contact with the club at [email protected].”
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