THEY are still not out of the woods but Wrexham live to fight another day with the club now heading into administration.
Any measures to ensure the club's continued existence have to be welcomed but I just hope that the off-field wrangling concerning the sale of the club and the Racecourse is resolved to everyone's satisfaction in the breathing space provided.
Otherwise, Denis Smith and his players will be penalised heavily by the Football League under the new 10-point deduction rule. How those lads are to blame for the situation in which the club finds itself is quite clearly ridiculous, yet it's they who are burdened with a fight against relegation.
I know the rule was introduced at the League's AGM last summer, partly because one of my former clubs, Leicester City, were perceived to have used the administration route to rid themselves of a crippling financial burden brought on by years of paying wages they could not afford.
Having gone into administration, the club then spent heavily again in a bid to secure promotion back to the Premiership, which certainly did not please their rivals who were effectively being penalised for running a tight ship business-wise.
But Wrexham don't deserve to be the first club penalised in this way. It's bad enough that they are fighting to stay in business, without them being forced into a relegation battle and I sincerely hope the Football League opts to exercise some discretion and mercy in their favour.
I've been doing my best to publicise Wrexham's plight, whenever I'm talking to journalists. I've also had the chance to talk about the situation on my new television venture, Premiership Diary, the first episode of which aired on the Bravo satellite channel last Monday evening.
Premiership Diary featured myself and Arsenal defender Edu this week, but I can promise you it gets better as the series continues. Mind you, I was watching and thinking to myself that Edu is so boring compared to me! (joke).