WREXHAM Football Club is once more up for sale after chairman Alex Hamilton failed to win back ownership of the Race-course ground.
The President of the Queen's Bench Division, Sir Igor Judge, along with Lord Justice Dyson and Sir Peter Gibson unanimously dismissed Hamilton's appeal on Tuesday.
His company, Crucialmove, was challenging His Honour Judge Norris' decision to strip the company of ownership of the Racecourse instead placing it in freehold for the club.
Mr Hamilton's legal representatives have indicated to Wrexham's administrators, Begbies Traynor, that they will not pursue the matter in the House of Lords.
Legal costs have been awarded to the administrators, however, leaving Hamilton with what is believed to be a six-figure bill.
'We are inviting all parties who wish to acquire the club to submit, or in some cases resubmit, their bids as a matter of urgency,' said administrator Steve Williams.
'Any offer should include the quantum of the bid, timescale, evidence of and source of funding, any and all conditions attached to the offer and their plans for the club going forward.
'It is our desire to sell the club as an on-going concern and to obtain the agreement of the creditors prior to the Football League's deadline of Saturday, June 3.'
Mr Williams said he believed the club could be out of administration by the deadline and that creditors, including the Inland Revenue, may be persuaded to accept less than they are owed to speed up the process.
'The disposal of Wrexham FC would run smoother if Mr Hamilton, who still owns a 78% share in the club, could be persuaded to work with us,' said Mr Williams.
'Unfortunately, his actions so far seem to indicate that will not be the case. If his non co-operation becomes such that it jeopardises the future of the club, we have plans in place to work around that.
'Those plans may well be detrimental to minority shareholders but we are sure they will agree with us that the future of the club is the most important thing.'
Wrexham manager Denis Smith was delighted with the news that
Alex Hamilton had failed to win back control of the club, but added a note of caution.
'I think it is great for the club but it is only the first step,' he said. 'I still cannot sort out the problems I have with regard to players' contracts until we have a new owner in place.
'I will be holding a meeting with the players and staff on Thursday morning to explain how it affects them but I would like to compliment my squad on how they have handled this situation.
'They are young men with families to support who, at the moment, will be out of work in the summer.
'This has been hanging over them for two years but they have conducted themselves brilliantly and have never given less than 100% for the club.'
On the playing front Wrexham lost a two-goal lead at Macclesfield on Tuesday, this after dropping two home points in a goalless draw with Bury on Saturday.
After the delight of the court verdict, goals from Sam Williams and Andy Holt put Wrexham in control at Moss Rose, only for an own goal after a disputed corner and late goals from Whitaker and Teague to snatch away the points.
Better news was the surprise return of Jon Walters after several weeks out with a fractured cheekbone.