Wrexham must be sold by a 3 June deadline under League rules

A consortium headed by Dickens exchanged contracts with administrators Begbies Traynor on Friday night.

"It's been a long, long rocky road so it's a big relief as I'm a Wrexham lad through-and-through," Dickens said.

"When I saw what was happening at the club I felt, like all the fans did, that somebody needed to come forward."

Dickens, a millionaire car dealer, was a club director in the 1980s and one of his garages is on land adjoining the Racecourse Ground stadium.

"I was fortunate enough to be approached because of the circumstances I found myself in with the land," Dickens added.

"So I accepted along with Geoff Moss to head up a consortium that would do that."

The League Two club went into administration in 2004 with �4m debts.

A club runs the risk of being expelled from the League if it has been in administration for more than 18 months - with Wrexham's deadline on 3 June.

The only remaining potential stumbling block is that any sale must be approved by creditors and shareholders of the club and be ratified by the Football League.

Former owner Alex Hamilton is one of those creditors and there is a possibility that he could again resort to legal action to block the sale.