Trust complete Wycombe takeover

League Two outfit Wycombe have been taken over by fans' group Wycombe Wanderers Trust Ltd.

The deal sees former owner Steve Hayes leave the club and the trust, formed in 2008, have formed a new holding company named Frank Adams Legacy Ltd to take over the ownership of the club's Adams Park stadium and training ground. The deal also sees the transfer embargo lifted from the club and trust chairman Trevor Stroud said: "The trust are delighted to take control of Wycombe Wanderers, especially in the club's 125th anniversary year. The plan is to work to a break-even model which will secure a sound financial footing for the club. "I would like to express our appreciation to Steve Hayes for the considerate and constructive approach he has taken throughout the takeover process. "In addition, we wish to place on record our recognition to the contribution made by Mr Hayes to the club's achievements during his tenure, and to Ivor Beeks and Brian Kane for their significant contributions in the negotiation process. "We acknowledge that in order to achieve our ambitions we need the support of the fans as we enter an exciting new era for the club."