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Football: Vaughan pledges his future.

Byline: By NEIL TURNER

CHESTER City chairman Stephen Vaughan last night revealed his plans for the future of the League Two club and the bids he has received for the club.

Vaughan who owns 77% of City resigned from his chairmanship and from the board of directors last month, but retained his ownership.

He said: "I considered it prudent to step back from my board position, and my day-to-day activity. We have a hard working staff and board of directors at Chester City, and they are quite capable of handling the running of the club.

"My heart is still very much with Chester City and I will continue to finance the club and give it all the support and commitment I can."

Referring to reported offers he has received for the club, Vaughan said: "I have never said that I want to sell Chester City football club and that is still the case.

"It is true that I have received three offers for the club, the first one offered me pounds 10 plus 10 per cent of the monies that I had put in, which by any standards is unacceptable.

"The second offer came from a sports management company, and that is being responded to by a director of Chester City who handles all my legal affairs. The third bid quite frankly was derisory, and isn't worth discussing publicly.

"Through this statement I hope that stability will return to the club. In this world you never say never, but the message hopefully will get through that my commitment continues to Chester City, and the club remains in safe hands."

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Title Annotation:Sport
Publication:Daily Post (Liverpool, England)
Date:Jan 3, 2008
Words:274
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