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.