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The FA have ordered Stephen Vaughan to sell Chester City within a month.
His disqualification as a director takes place in a week, and the FA have told Vaughan he will have to dispose of Chester within three weeks of the disqualification to comply with their 'fit and proper person' rules. Vaughan, who holds the whole club after a controversial summer buyout, could retain 30% of the club providing he has no control.
Current chairman Ian Anderson has confirmed to the local press he is talking to an unnamed local consortium, while an unnamed player told the Liverpool Daily Post that Chief Executive Bob Gray had told the players that he may not be with the club for much longer, hinting at a takeover.
Former Bournemouth co-owner Paul Baker has confirmed approaching both Anderson and Gray on behalf of a consortium, telling the Devachat forum he was quoted £750,000 for a 'debt free' club but Vaughan refused to tell him the current financial state of the club.
Baker has called the valuation of the club 'too high', and suggests that former Accrington man Eric Whalley may also still be interested in the club. Whalley, who announced in the summer that he was to join Chester in an advisory role that never materialised, retains a majority ownership at the Crown Ground with monies still to be paid to him to transfer the shares, meaning he would have to complete that deal before he could turn to Chester.
