Prop Brendan Botha powered forward, and when the ball was quickly delivered to the three-quarters Wallace drove over from close range, Humphreys fluffing the conversion.
The later introduction of top scorer Cristiano Ronaldo led to Real's 58th-minute equalizer as the Portugal forward won a free-kick which Luka Modric delivered perfectly for striker Gonzalo Higuain to head home.
Sir Richard Leese delivered the news following talks with Gordon Brown in which he assured city leaders he would try to drive forward the regeneration of the area.