Time running out for Wrexham

November 13th, 2004 by admin

Dragons face winding-up order

Wrexham play Hayes in the FA Cup today. Next Saturday there is a possibility that they may not exist. On Wednesday they face a winding-up petition brought by the Inland Revenue.

Hopes of reprieve were dashed this week when owner Alex Hamilton rejected a supporters’ group’s “second and final offer” of more than £2.5million to buy the club, leaving Wales’ oldest club on the brink of administration or liquidation.

The Wrexham Daily Post believes Mr Hamilton is considering an offer from former business partner and ex-Wrexham chairman Mark Guterman.

Charles Wardle, a board member of the Wrexham Supporters Trust, told a public meeting at the North East Wales Institute this week that Mr Hamilton would take advice from commercial agents DTZ on the value of Wrexham’s Racecourse home before deciding whether to sell.

Mr Wardle explained:

“If DTZ’s valuation far outweighs Mr Guterman’s offer, Mr Hamilton is going to reject it. Hamilton has told me he is ready to do a deal but only if he gets a serious pay day. He told me he is loath to sell to Guterman. If no deal is done ahead of next week, he has said he is ready for liquidation.”

Trust board members urged the club’s directors, Dave Bennett and Dave Griffiths, to take Wrexham into administration as this would avoid liquidation in the High Court.

…………N E E D…A…L E F T - B A C K ?……..

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