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Last Updated: Wednesday, 15 March 2006, 09:07 GMT
Wrexham FC 'needs buyer by June'
The Racecourse, Wrexham. Photo: Ted Blair
The Racecourse Ground hosts football and rugby matches
The administrators of Wrexham Football Club are calling on potential buyers to come forward as soon as possible.

The plea comes after a ruling by the Appeal Court on Tuesday that the club - and not former Chairman Alex Hamilton - should retain ownership of the ground.

Football League rules state a club cannot remain in administration for more than 18 months.

The administrators said they were hopeful of securing a sale before the 3 June deadline.

Steve Williams, from administrators Begbies Traynor, said: "We really need to see those parties who have expressed an interest in the last 15 to 18 months to come forward and demonstrate their ability to buy the club and their desire to buy the club."

The administrators said on Tuesday the Appeal Court ruling was a "momentous day" in the club's history.

Mr Williams has confirmed that there were a "handful" of offers already on the table, but would not be drawn on who had made them.

Mr Hamilton, Wrexham's chairman from May to October 2004, had challenged a High Court decision last October to give ownership of the stadium to the administrators.

Alex Hamilton, Wrexham FC owner
Alex Hamilton originally lost his case for ownership last October

He took over as Wrexham chairman from his former business associate Mark Guterman in 2004.

By the end of 2004, the club had gone into administration with debts of more than 4m.

The Football League imposed a 10-point penalty on the club and in May 2005 Wrexham were relegated to League Two.

Last October, Birmingham High Court decided Mr Hamilton's company CrucialMove had improperly acquired the freehold of the ground.

Mr Hamilton launched an appeal, but on Tuesday three judges dismissed it, saying he "did not act in good faith" in a transaction critical to the club's future and plans to realise the ground's development potential.


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