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Fantastic news for Chester City







Staly

Well-known member
Mar 30, 2004
1,076
Manchester
Seeing as the major creditor is Stephen vaughan, the former owner, and the person "buying" the club is his son, it's hardly surprising that such an agreement has been reached.

They're still pretty f***ed...
 


Taybha

Whalewhine
Oct 8, 2008
27,674
Uwantsumorwat
even better news for me,ive not seen the missus more happier since tesco reduced the price of AA batteries.
 


Seeing as the major creditor is Stephen vaughan, the former owner, and the person "buying" the club is his son, it's hardly surprising that such an agreement has been reached.

They're still pretty f***ed...

Yep, all very dodgy, the gangster has basically put the club into admin, accepted 8p in the pound for the debts, sold it to his son, then brought it out of administration just before the Conference AGM - if they'd been in admin when the Conf met they would probably have been relegated to Blue Square North.

From the Wrexham forum…
• their supporters trust have lost 195k off their balance sheet because of this.
• by amazing coincidence the taxman's debt is just below 15% of the clubs's whole debt.
• shocking. each man, women and child in the country are paying 14p for this dodgy administration.
 








Taybha

Whalewhine
Oct 8, 2008
27,674
Uwantsumorwat
try convincing a woman to buy drab looking rechargeable ones when theres nice shiney un rechargeable gold and black fresh ones for sale at half the price.
 






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