Wrexham Evening Leader

Hamilton 'Still no serious bids'

16/11/04

Alex HamiltonWREXHAM FC owner Alex Hamilton claims no-one has yet come up with the money to remove him from the helm of the troubled club.

The property developer has fanned the flames once more, while the financially-crippled club teeters on the brink of extinction.

Mr Hamilton told the Evening Leader he has not yet received any serious cash bids from the Wrexham Supporters' Trust or ex-chairman Mark Guterman for his interests in the club and The Racecourse ground.

The controversial owner has stated that he is still waiting to walk away from the club, which could be just hours away from administration or liquidation, but only for the right price.

Mr Hamilton said: “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.”

Mr Hamilton also tried to show genuine concern for the ailing club, to which he recently served an eviction notice despite mounting financial problems.

He said: “If the court case adjourned to allow more time, then that will be good news for the club.

“I think it would be unfortunate if the club goes into administration and I hope the supporters will follow me and put just one per cent of the £374,000 I have personally paid into the football club after re-mortgaging my house.”

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

Charles Wardle 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.”

Former chairman Mark Guterman today refused to divulge the specifics of his offer, which he claims has still to be accepted or rejected by Alex Hamilton.