WREXHAM are set to launch an appeal against the Football League's 10-point sanction which was imposed following the club's move into administration last Friday.
Denis Smith's Dragons became the first club to suffer the penalty under new rules approved by the ruling body in the summer of 2003 and, as a result, found themselves pitched into a relegation battle.
Administrator Steve Williams believes a Football League hearing can be convinced that the club's present financial problems were neither forseeable nor avoidable because the collapse of the ITV Digital television contract and the sale of the club's lease - the biggest security against potential bank borrowing - were not of Wrexham's own making.
Two local businessmen have pledged a total of £10,000 towards the estimated £20,000 cost of the appeal and last night the Wrexham Fighting
Fund said it would meet the outstanding balance.
Fundraiser Carroll Clark said: "The donations we have received were designed to help the club come through a very difficult period and, with potential buyers coming forward with plans for repaying Wrexham's debts, a successful appeal would help to safeguard our League One status in the short term. "If the 10 points were restored, the club would also be in a position to aspire to the play-offs and possible promotion, which would have a significant impact on the club's attractiveness to those potential buyers."
Williams said he planned to hold further talks with legal experts today to firm up the strength of the club's case and Wrexham have until close of business today to formally lodge the appeal.