A document has emerged online that suggest that Chester City, in the shape of Chester City FC (2004) Ltd, have run up debts of £700,000 in just eight months.
The document, the two pages of which can be seen here and here, is believed to have come from the accountants handling the £1 sale of the club. It claims the Vaughan family is owed a staggering, and entirely unbelievable, £485,000 in loans to the club since being named as buyer of the club in Administration in late May.
The list of actual creditors runs to over £210,000. Included in that figure is nearly £53,000 in unpaid wages to the current squad, and a further £16,000 for loan players and those that have already departed. Former Bulls Nick Chadwick and Mark Beesley are both named on the list, with Chadwick owed over £2,500 and Beesley's club Cambridge more than £6,000 out of pocket for his loan spell.
The BBC are reporting tonight that a decision on Chester's future will come sometime on Thursday.