"I like what the club is doing with football in Whanganui and encouraging these young guys to take on responsibility not just for themselves but for their team mates and in representing the town, and for that reason I decided to support them for another season," said Reuters.
Vallely said he was pleased to be involved with the reserve team.
"Having worked with some of these boys when they were at the W.I.S. academy, I've been impressed with the work Cliff Hughes has been doing developing this young squad with good values and attitude."
Athletic club resident Peter James said they are ready for the challenge of entering both competitions.
"We have developed our younger playing talent and they are all looking forward to the prospect of travelling football.
"We have quality coaching available and enthusiastic management all ready to go.
"Add to that some experienced talent at the club bolstered by some new quality signings, including one from the United Kingdom and we can't wait for the season to start."
James said it will take a real commitment for the club and players to be on the road so much this season, but securing their sponsors "has given us the confidence to set our sights even higher".
"As the only travelling club out of Whanganui this season a lot of responsibility lies on the shoulders of these teams but we want to make Whanganui proud of its footballers and we hope the town will get behind the teams and support them especially at home games.
"There will be some quality sides coming to Wembley Park this season and with quite a few double headers lined up there is going to be plenty of action at the park this year."
Federation League will be an eight-team competition this season with Athletic, defending champions Team Taranaki, two Hawke's Bay squads, three Palmerston North teams and the return of Gisborne.
The Western Premiership has expanded to 12 teams as three sides have dropped down from Federation League.
There will be eight Palmerston North sides, the Feilding and Levin teams, and the surprise entry of the New Plymouth Rangers.
Wanganui City had a Federation League team and two Western Premiership squads last year, but pulled the pin on travelling this season.
Athletic's season kicks off at Wembley Park as the Reserves face Redsox A at 12.30pm, and the 1sts host Havelock North at 2.30pm.