WREXHAM Borough Council cannot bail the town's Division One club out of its financial predicament.
Following an initial meeting with Wrexham FC's owner Alex Hamilton, the council has said it simply hasn't the resources to buy the club from the property developer.
Hamilton told them exactly what the club's financial standing was, although all those present would reveal was that the club was balanced on a knife-edge and in serious debt.
Wrexham season-ticket holder and leader of Wrexham Council Neil Rogers spoke about the meeting and stressed the council's position.
'In 1998 the council secured funding via Sportlot to enable the construction of the Pryce Griffiths stand,' he said. 'This enabled Wrexham to host first-class international football and rugby matches.
'I want to make it crystal clear that Wrexham Borough Council is in no position to bail Wrexham Football Club out of its current predicament.
'However, the council will work with Mr Hamilton to see whether it can establish any common ground to explore opportunities for development that would allow football to continue at the Racecourse.
'But we will not make promises that we cannot keep or which do not have the overall interests of our council tax payers at heart.
He added: 'Any proposed development will have to stand the normal test of planning control and the council must act entirely without prejudice to its position as the Local Planning Authority.
'No decisions or promises have been made to Mr Hamilton and I would expect a full and comprehensive report to come back to the executive board in due course highlighting any proposals that officers may put forward for consideration.
'My message to fans of Wrexham FC is that we will endeavour to find a compromise that will enable football to continue at its traditional Racecourse site on Mold Road for years to come.'
Council officers are scheduled to meet Mr Hamilton again at the end of the month.