 Writing in his autobiography , Smith described 2004 – 05 " the most harrowing , distressing footballing time of my life " as the club entered administration with debts of £ 2 @.@ 6 million . Wrexham became the first club to be deducted 10 points for entering administration and were subsequently relegated from League One , eight points short of safety despite new signing Juan Ugarte scoring 23 goals . Despite the financial trouble Wrexham managed to win the Football League Trophy , knocking out Notts County , Stockport County , Chester City , Hereford United and Oldham Athletic en route to the final against Southend United at the Millennium Stadium . The final was settled in extra time , with Ugarte and Darren Ferguson securing a 2 – 0 victory . The club earned £ 250 @,@ 000 in prize money and the first national trophy in Wrexham 's history . 
