Statement from the Joint Administrators of The Wrexham AFC Limited ("The Club"), David Acland and Steven Williams of Begbies Traynor.
"Since being appointed as Administrators in December 2004, one of our key tasks was to conduct an in-depth investigation into various transactions entered into by the club in respect of both the freehold and leasehold of The Racecourse Ground.
"As a consequence of these investigations our solicitors have now served notice on Crucialmove Limited (formerly Damens Limited), the current landlords that we do not accept the validity of the break clause in the current lease and will not be vacating the ground in July 2005.
"Furthermore, notice has been provided that in the absence of an amicable resolution/consensual sale in the imminent future, proceedings will be issued seeking to set aside the current lease and seeking to have the legal interest in the freehold transferred back to the club.
"We remain hopeful that a consensual sale can still be achieved and that litigation can be avoided."
Ends