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Chester City FC: Blues to be taken over by Danish investors in new twist to sale saga

A DANISH consortium moved closer to buying crisis club Chester City over the weekend.

Chester City FC

A DANISH consortium moved closer to buying crisis club Chester City over the weekend.

Chester have reached an agreement with the Vaughan family to buy their 100% stake in the Football Conference outfit. They hope to conclude the deal in less than three weeks’ time, but face opposition from supporters.

City Fans United – the Blues’ official supporters group – met members of the consortium while they were in Chester over the weekend.

CFU accused the Danes of having “no adequate business plan or strategy for running the club on a day-to-day basis”

An official CFU statement added: “They do not have adequate finances to cover the current debt, and have no plans for community involvement.

“We are saying clearly and directly to the Danish consortium: On Thursday you stated that if we did not wish you to continue with your bid, you would not proceed.

“We are saying that we do not wish you to proceed with your bid.”

CFU had been eager to press ahead with plans to launch a ‘phoenix club’ and a large numbers of supporters attended a meeting last Thursday to discuss the idea.

The Danish takeover bid complicates the matter, but there is a chance it could save the debt-ridden Blues from being kicked out of the Blue Square Premier this Friday.

Member clubs will vote on whether City, who have been suspended the Conference for breaching five competition rules, should be saved at a meeting at Rushden and Diamonds’ ground.

The Danish consortium was formed on the internet when it emerged that Chester were up for sale for £1. It is understood they were introduced to Chester officials by a PR company run by former Blues manager Mark Wright.

Businessman Palle Rasmussen is leading the group, which comprises around 500 investors from all walks of life in Denmark.


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