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The Story So Far
By Draig Wrecsam March 20 2004
Carl Douglas brings us up to date with all of the Penguin's antics since taking over the Racecourse hotseat. Find out how Guterman got away with secretly purchasing the Racecourse's 125 year ground lease shortly after taking over.
The Story So Far
The Story So Far
www.savewrexham.com
By Carl Douglas, 6 February 2004.



You might remember a story a few years ago about the future of the Racecourse Ground being secured for the next 125 years.

It was back in 1998 when Pryce was looking to move out of the chairman’s seat. He came to a lease agreement with the brewery who owned the land on which the Racecourse sits.

At the time Pryce said: “It’s good for the club and good for the fans. It means we’re assured of playing football at the Racecourse for the next 125 years”

It was a heartening and reassuring story at a time when the club was facing an uncertain future.

We knew that whatever happened and whoever took over from Pryce in the future at least we’d still have our ground.

Thank god, therefore, that this agreement was in place before Mark Guterman took control of the club- a property developer with an appalling track record as chairman of Chester City.

Now, you won’t have read about the following in the Evening Leader, Mr Guteman has never mentioned it and it would be interesting to find out how many of the Wrexham board knew about it…

But fifteen days after Mr Guterman bought Wrexham on June 10,2002 the 125 year lease agreement was effectively ripped up into shreds

On June 25, 2002, a mysterious little company called Damens bought ownership of the Racecourse land from the brewery. They paid £300,000 for it. Damens appears to be an off-shore trust company.

Mr Guterman and Damens are intrinsically linked.

Damens sole shareholder is a spivvy looking chap called Alex Hamilton- an old mate of Mr Guterman’s. Alex is what could be described as a colourful character.

Alex used to be a director with a company that Mr Guterman own which sounds like it should be a cleaning product- Memorvale. It’s via Memorvale that Guterman bought Wrexham.

Damens and Memorvale are also linked by a mysterious woman called Teresa Hindes. She’s the sole shareholder in Memorvale and company secretary of Damens.

So without a peep of any of this being made public Mark Guterman moved himself into a position where he owns the club and colleague owns the ground it sits on. Between them they can do what they want with the Racecourse.

Of course, there’s nothing illegal in any of this and Mr Guterman has made it clear that he wants to develop the ground. But the future of the Racecourse is now reliant on having faith in Mr Guterman.

The basic facts of who owns our club were only made public a few months ago thanks to the investigations done by a concerned Wrexham fan known as Keb Mo.

It was making this information public via the Wrexham message boards and references to our chairman’s girth which provoked Mr Guterman to threaten Keb Mo with legal action.

It does seem amazing that the Evening Leader has never published this information and there’s only been a fleeting reference to it in the Daily Post.

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