WREXHAM owner Alex Hamilton says a takeover by Surrey businessman Andrew Smith could be agreed before Christmas.

Little more than 24 hours after claiming a proposed deal had been scuppered, the Cheshire-based property developer is meeting Smith today for detailed discussions about the sale of his interests in the Racecourse Stadium.

Hamilton, who owns the freehold of the League One club's home and is majority shareholder in Wrexham FC, said last night: "An agreement could be reached before Christmas - it might happen.."

He added: "I expect to sit down with Mr Smith tomorrow to talk about a deal for the Racecourse ground and I'm hoping to make progress. This deal still has legs and, as things stand, I'm giving it a fair chance."

Over the weekend, Hamilton played down the prospects of an agreement with Smith, claiming negotiations stalled because of delays in delivering a 10% deposit. Last night he explained: "Mr Smith disappeared off the radar last week but contact was re-established today.

"I'm not in a position to say much more but will keep you posted."

Smith, a property developer who owns Surrey-based United Plot Owners Association, said he could not add to Hamilton's comments, except to confirm today's meeting.

"It's a sensitive situation for a number of people and I don't want too much speculation," he added.. "We are making progress and I don't have any problems at the moment as far as the deal is concerned."