Jon Harris has been confirmed as the new owner of Wrexham Football Club after three bids were made for the Blue Square Bet Premier side.
Harris, who was the club’s commercial director, has become the managing director and confirmed the club will not be selling its Racecourse ground.
A statement on the club’s website explained why the two other bids, including a offer from the Wrexham Supporters’ Trust, were rejected by Geoff Moss and Ian Roberts.
"The trust were unable to provide satisfactory comfort both in terms of their financial ability to fund the clubs operations in the medium to long term and their experience in running a professional football club," the statement read.
"Their enthusiasm and dedication is beyond reproach but the truth is that the people who run the Trust all have their own full time jobs and the club needs strong experienced leadership now.
"Geoff also thanked Stephen Cleeve for his interest but indicated that there were some technical and legal issues with the proposals put forward by Stephen which could not be overcome easily. Geoff expressed the wish that Stephen accept the offer of Jon Harris and agrees to work with him for the benefit of the club."
Harris also confirmed he had the backing of businessman Colin Poole.
Harris said: "I initially contacted Colin some weeks ago when it became clear that the club was in serious financial difficulties he indicated that he would be happy to help and despite some of the quite nasty personal comments made about him by ill informed individuals he remains committed to helping me and the club move forward.
"I welcome his help and would ask all supporters to give us all a chance to prove our commitment to the future of the club."