Owner Stephen Vaughan has put Conference club Chester City for sale for £1 providing that the purchaser settles all outstanding debts. The club got a stay of execution in the High Court last week and have until March 10 to settle a £26,000 debt to HM Revenue and Customs. Meanwhile, an official fans’ boycott has got under way.
Owner Stephen Vaughan has put Conference club Chester City for sale for £1 providing that the purchaser settles all outstanding debts. The club got a stay of execution in the High Court last week and have until March 10 to settle a £26,000 debt to HM Revenue and Customs. Meanwhile, an official fans’ boycott has got under way.
Elsewhere in the Conference Salisbury City have vowed to fight a controversial Conference ruling to stop the Whites being relegated to the Southern League this summer. City may not be eligible for any divisions of the Blue Square League if they do not repay all their creditors every penny by the second Saturday in May. City are set to exit administration in three days’ time with a CVA agreed with Revenue and Customs – to whom they owe almost £200,000 – and other creditors to repay a minimum of 35p in the pound. It is understood that a benefactor has agreed to settle the footballing debts totalling more than £30,000. Northwich Victoria face a similar threat and are considering obtaining a court ruling on the legality of the Conference requirement. The Conference are believed to be considering an amendment to their rules which would allow clubs three years to pay off debts.