STEPHEN Vaughan hopes to find a solution to the Blues' cash-flow problems later this month.

The Chester chairman will meet Chester City Council officials on Tuesday, October 18 to discuss changes to the lease agreement on the Saunders Honda Stadium.

Vaughan wants one of his own companies to replace AWG Shelf 11 Ltd (formerly Morrisons Plc) as guarantors.

This, he hopes, will enable him to change the terms of the lease and lift some of the 'restrictions' preventing him from maximising the site's revenue potential.

Vaughan is eager to explore the possibility of staging boxing promotions, concerts and a Sunday market at the club but the current terms of the lease prevent him from doing this.

Speaking after Monday night's fans' forum, the Chester chairman said: 'We've spoken to directors from AWG who would like to be removed from the lease agreement and I'm sure the city council will look favourably at it. We've got to look at lifting the restrictions on the site and if the site restrictions are lifted we can generate more money.'

Relations between the Blues and the city council have been strained as a result of the club's failure to pay rent for the last two years.

Vaughan, who says he has taken steps to address the rent problem, claims City are losing up to £21,000 a month.

* Chester City Council this week confirmed the meeting with Vaughan on October 18 was to discus 'future lease arrangements' regarding the Saunders Honda Stadium. The council will not make any further comments until after the meeting.