Good Luck Wrexham

[Leo No.8]

Decision today on whether that scheming t0sser Alex Hamilton's appeal is successful.

 

Not sure if people know the story, but basically Hamilton owns a housing company, and bought Wrexham so he could deliberately ruin the club, allowing him to be able to build houses on the land and make a huge amount of money.

 

It really is shocking - I know it'd never happen because of the size of Liverpool but can you imagine if that was our football club? When I went to our reserve games at The Racecourse, Wrexham fans were out with their buckets collecting to try and raise money and I felt terrible for them.

 

Fingers crossed it remains in the hands of administrators who will then be able to press on with the sale of the club and it's recovery.

[Gunga Din]

aye, i've been following this one as well. hope all goes well for them

[Gilps]

Justice done

 

Ex-chairman loses Wrexham FC bid

 

Former chairman of Wrexham Football Club Alex Hamilton has failed to seize control of its Racecourse ground.

The Appeal Court in London has ruled that the stadium must remain in the hands of the club's administrators.

 

The sale of the club will now go ahead and the administrators said the ruling was a "momentous day" in its history.

 

They said they were hopeful of a sale before 3 June when the club faces being thrown out of the league if it is still in administration.

 

Joint administrator Steve Williams said the ruling on Tuesday signalled the end of litigation over ownership of the Racecourse and urged everyone interested in buying the club to now come forward with their business case.

 

He 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.

 

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 that Mr Hamilton's company CrucialMove had improperly acquired the freehold of the ground.

 

The hearing was told CrucialMove had negotiated to buy the stadium with plans to develop the site for housing or commercial use.

 

But Mr Hamilton launched an appeal and 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.

 

But the judges acknowledged there was "some evidence" that Mr Hamilton and his joint venture partner, Mark Guterman, thought the club would "obtain a benefit" from the fulfilment of development plans they called "The Wrexham project".

 

However, the court also heard the stadium will be subject to a legal "charge" in CrucialMove's favour amounting to the £300,000 it paid for the freehold of the ground and other costs.

 

'Much-needed boost

 

Wrexham's manager Dennis Smith said the ruling would give a much-needed boost to the players and paid tribute to their loyalty during the most difficult of times for the club.

 

Wrexham fans have also welcomed the decision.

 

Supporters trust chairman Bruce Clapton said: "It may have taken time and dedication but justice has been done.

 

"The ground is now back in Wrexham's hands and this can only help in the fight to save the club."

 

But Mr Clapton said everyone must understand that the fight to save the club was still not over and the trust would continue to work closely "and do our best to move things forward as quickly as we can".

[Jonesy]

Decision today on whether that scheming t0sser Alex Hamilton's appeal is successful.

 

Not sure if people know the story, but basically Hamilton owns a housing company, and bought Wrexham so he could deliberately ruin the club, allowing him to be able to build houses on the land and make a huge amount of money.

 

It really is shocking - I know it'd never happen because of the size of Liverpool but can you imagine if that was our football club? When I went to our reserve games at The Racecourse, Wrexham fans were out with their buckets collecting to try and raise money and I felt terrible for them.

 

Fingers crossed it remains in the hands of administrators who will then be able to press on with the sale of the club and it's recovery.

 

EDIT : Billix what gilps said! Fastest finger first and all that!

Edited March 14, 2006 by Jonesy

[Leo No.8]

Cheers lads - excellent news!

[Toe]

What a c***!

 

He should be imprisoned for trying to ruin so many lives.

[Falconhoof]

They should merge with Chester and Tranmere.