However Spencer Harris, one of the WST's directors, said it had completed financial due diligence on the basis that there was a warranty from Geoff Moss, one of the current club owners.
He said WST was "willing to talk to anybody who's got the interest of Wrexham Football Club at heart" and would hold a public meeting on Tuesday at the William Aston Hall to make its position clear.
"The week ahead is undoubtedly a big one but the possibility of Glyndwr University buying the Racecourse and Colliers Park to enable the owners to clear the debt, pay players' wages and sell the club to the Trust is very much still alive, " the WST statement added.