Wrexham’s ground has been taken to the ownership of its chairman

According to BBC Wales investigation, the League One club main asset was transferred from former owner Wolverhampton and Dudley Brewery, to Wrexham AFC for £300,000 in June 2002. However, documents relating to the transfer show that on the same day as the initial transaction the ground was transferred, at no cost, to Manchester-based Daemens Limited, for which the club's owner Alex Hamilton is listed as a director. Corporate lawyer Anne Spanton said on BBC Wales that "A major value asset cannot suddenly be worthless. Such transaction is illegal and can be challenged by shareholders”. The ground, which has been the club’s home for 130 years, could be worth at least £10m if planning permission for housing or retail development were to be granted. However, Hamilton responded by issuing a statement late on Tuesday maintaining that the transaction was all above board.