Ghost captured on CCTV at Croxteth Hall in Liverpool.

Paranormal experts are investigating an alleged ghost sighting apparently caught on CCTV in the grounds of an Edwardian country house.

Is this the ghost of a long-dead Earl said to appear around the time of the National?

In the eight-second footage, a luminous yellow glow is seen emerging from trees outside Croxteth Hall in Liverpool.

It then heads towards a path leading to the house before disappearing.

Like many old buildings, the hall has a reputation for being haunted, and the mystery light - captured at 3am last month - has left paranormal enthusiasts in high spirits.

One theory among the happy mediums is that it may be the ghost of former resident Hugh William Osbert Molyneux, the 7th Earl of Sefton, who died in 1972.

Another contender is the infamous gambler William Philip Molyneux, the 2nd Earl of Sefton, who laid the foundation stone for nearby Aintree Racecourse in 1829.

A local legend says his spirit appears and strolls the grounds around the time of the Grand National.

Former Most Haunted ghost hunter and TV presenter Jason Karl has seen the footage, and believes it could be an important sighting in ghost circles.

He told Sky News Online: "This is very intriguing. Video footage of phantoms is very rare.

"If this stands up to scrutiny, it could be a very important piece of spectral evidence for the worldwide community of paranormal enthusiasts."
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