The latest twist in the Chester City saga saw Danish consortium Chester Projekt come forward with a bid to buy the club from the Vaughan family on Saturday. Since then there has been much speculation about their intentions, their funds and their background. The Chronicle tracked down consortium co-founder Christoffer Baadsgaard, who attended the Deva Stadium with leader Palle Rasmussen on Saturday, to try to find out exactly what Chester Projekt’s bid means for the Blues:

Who did Palle Rasmussen (the leader of the consortium) meet at the Deva Stadium on Saturday?

Mr Rasmussen, Mr Baadsgaard and the solicitor Ali Bayrak met with Stephen Vaughan, Gary Metcalf, Ken Sockett and Mark Wright.

Was a deal signed to purchase the club or its shares in their entirety and who was the deal struck with?

No deal has been signed yet, but the discussions about how the consortium will run the club in the future led to a verbal agreement, which entitled the consortium to buy the club if the economic negotiationsŠ between our solicitors fall into place.

Who is leading the consortium? Are you alone as a group or do you have backing from figures within football?

The founder and spokesman for the consortium is Palle Rasmussen. When we met the representatives from the club at Deva Stadium, we were introduced to former Liverpool player, Mark Wright who, along with fellow former Liverpool player Jan Mølby, offered to collaborate with us.

How many people are in the consortium?

There are 500 people in the consortium.

Have you been informed of the full extent of Chester City’s debt?

We have been fully informed about the Chester City FC’s debt.

Do you have enough money to cover those debts?

The consortium has enough money to cover the debts of the club.

Does your consortium have enough money to pay the Income Tax deficit of £53,125 in order to prevent the club being wound up on March 10?

The exact details of the creditors will be negotiated between our solicitors and the consortium will of course pay the creditors necessary for running the club.

Why are you interested in a Conference-level club with such large debt and no tangible assets?

The interest in Chester City FC originates in a love for English football and the wish to save a 125-year-old club with great traditions from bankruptcy.

Should the takeover go through, who will run the club?

If the takeover should go through, the consortium naturally will be the owner of the club, but would like to involve the local fan community. The daily management will be handled by skilled British people, who will be working in Chester, and the consortium will focus on development of ideas and visions for the club together with local representatives.

Will the Vaughan family retain any kind of presence at the club?

The Vaughan family has offered 100% sale of the shares in the club and will not retain any presence in the club after the sale.

Will Mark Wright be involved with the new ownership?

Mark Wright offered to collaborate with the consortium and given his success as a former Liverpool player and manager for Chester City FC, the consortium will definitely look into detail of how a beneficial collaboration could be established.

What are your plans going forward, knowing that the club will be relegated this season?

The club has a big potential and the consortium is aware that it will be relegated, but feel confident that a quick promotion could be achieved.

What is your investment plan over the next few years?

Without going into details about the business plan, the consortium will focus on development of a youth department and will focus on both football and non-football activities at the Deva Stadium.

Has the council, who own the land the Deva Stadium is on and are a major creditor, given you its approval to use the ground?

The consortium is in contact with the council and has an appointment with the responsible politicians.

Is there a desire to accommodate Chester City fans in the running of the club?

The consortium will be focusing on the wishes and involvement from the fans and would like to collaborate with the local community in order to bring back good football to the Deva Stadium.