Announcement expected today

Last updated : 16 November 2004 By Charles

Wrexham are expected to announce details for the solution of their financial crisis on Tuesday - less 24 hours before the Inland Revenue apply for a High Court winding-up order.

A statement had been expected yesterday, however, that had been put back until today. It is now expected that there will be an announcement made at 4pm, with the Sky Sports News team fronted by presenter and Wrexham fan Bryn Law in attendance all day today

It is expected that following the rejection by Alex Hamilton of the Mark Guterman’s takeover bid the club will go into administration, with the papers seemingly ready to be filed in court.

No one knows for sure exactly what is happening at the club, as the situation chances as the hours until the High Court case at 11am tomorrow looms.

News as also reached us that papers are being sent to Manchester for voluntary administration today, although this is expected to be confirmed within the hour.

It is also believed following the rejection of his bid earlier that Mark Guterman may put in an 11th-hour bid to buy the club.

Alex Hamilton spoke out about the bids earlier today clearly disgusted by what was offered to him. 

"I would listen and give consideration to any real cash offers for my shares in the club and any serious cash offers for my stake in The Racecourse ground.


“Any stories of cash bids being made are cock and bull, and the fans should not be misled by the Trust or Mr Guterman; there are no cash bids being made.

“The so-called bid from the Wrexham Supporters' Trust is to be paid to me only after the purchase of the Dickens Garage, after a deal is done to sell the freehold and after planning permission is granted; that could take two years.

“There has been no cash bid from Mr Guterman, and he will not disclose who his backers are.

“There is no cash on the table at the moment. Show us the money.”


Wrexham Supporters’ Trust are adamant their offer was serious and would have left Mr Hamilton with a tidy profit.

Charles Wardle of the Trust said:
“The deal we offered to him was a completely real proposal. It wasn’t cash up front, but that’s not how things are done.

“What I said at the meeting was that Mr Hamilton has got to want to sell and that’s the be all and end all of it.

“He is ready to do a deal and has said so on many occasions, but he wants someone to pay him for an asset on a hope valuation based on what it could be worth if planning permission is granted and a development takes place; no one is going to do that.

“Mr Hamilton appears to be holding out for between £8million and £16million, but no one is going to do a deal without certain conditions.

“We are still not giving up and hope a deal can be done. At the end of the day, though, he has to be willing to sell.”


The other party in this tale has yet to reveal any specifics of his deal and whether it has been accepted or rejected, leaving some fans uncertain of whether Mr Hamilton is telling the truth over his announcement.