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Chester have entered Administration, it has been confirmed this morning.
They will start next season with at least a ten point penalty, but it could be significantly worse. Depending on how they exit Administation they may face further penalties and - as with Bournemouth and Rotherham last season - they could face heavier punishment as it is their second Administration period after an earlier spell in 1998.
Update - A statement on Chester's official site says the move into Adminstration was done last Thursday. Martin Shaw, of Refresh Recovery Ltd, issued a statement saying: "Supporters can be assured that our aim is to find a new owner for the club so that professional football continues to be played in Chester from the start of the new season.
"In order to achieve this we need to find a new buyer able to invest heavily in to the club and then to obtain approval from the clubs creditors to the sale. We are already talking to potential purchasers of financial substance and as time is short I would urge any other parties seriously interested in buying the business to make contact with us sooner rather than later."
