A fit and proper person or persons, and £500,000, are two of the requirements to take over Chester City according to a leaked solicitors letter.
Thank you for your email.
Prior to the release of any further information regarding Chester City Football Club, I need the following/confirmation of the following:
1. Proof of funding of a minimum of £500,000 cash, to both satisfy club creditors and to fund the club going forward;
2. The identity of the consortium/company behind the purchase of the club to satisfy the 'fit and proper person test' imposed by the league;
3. A commitment to pay the club's legal fees; and
4. A commitment to sign a non-disclosure agreement.
The club is prepared to allow a potential purchaser 4 weeks to complete their due diligence.
Kind regards,
Brabners Chaffe Street, 55 King Street, Manchester M2 4LQ".
The current owners of Chester may even need the £500,000 in used Scottish notes as last Friday, according to the Daily Telegraph, the players were paid their wages of between £400 and £600 in Scottish notes. However they only received one weeks salary despite being owed somewhat more - as much as nine weeks in some cases.
The club has until March 10th to pay off tax arrears and are currently bottom of the Conference.
Meanwhile last week at a meeting of City Fans United, the supporters’ group, messages of support were read out from fans of Wrexham, Tranmere, Bolton, Grimsby, Luton, Oldham, Bristol Rovers and Mansfield, amongst others.
Text at top (next game etc)
Next Game: Scarborough In The League At Edgar Street On Tuesday 19th November At 7.45pm