CHESTER NOT GOING INTO ADMINISTRATION
Rumours abound the Stags fans over the weekend that Chester may be going into administration, but this appears not to be the case, based on the article below:
Chester reveal trading profits
Apr 11 2008 by Our Correspondent, Liverpool Daily Post
CHESTER CITY held their first AGM for 17 years at the Deva Stadium last night and despite a couple of disappointing seasons on the field, the club presented a healthy set of accounts to the assembled shareholders.
City reported trading profits of £14,000 and £48,000 in their accounts for the past two years and also reported that the club doesn't have a bank overdraft, nor does it have bank loans, or bank borrowings, unlike a lot of other clubs in the Football League.
The trading profits of the club have been accrued by enhanced turnover, that has been gleaned from other related trading activities. Attendances at the Deva Stadium have shown slight declines over the past two years, but measures taken by the board of directors have managed to secure other revenues to bolster the club's playing activities.
City's main shareholder, Stephen Vaughan, said: “It was pleasing to show the shareholders the strides this company has made in the past two years.
“I am as committed to Chester City Football Club as I ever was and hopefully everybody involved with the club can bond together and push to what we all want and that is continued financial success off the field, hopefully coupled with success on it.”
On the field, City are next in action tomorrow when Lincoln City visit the Deva Stadium. Paul Butler, Chris Holroyd and Ritchie Partridge are all extremely doubtful for the match but midfielder Tony Dinning will return to the squad after serving a one-match suspension.
Everybody attending tomorrow's game will be given a free ticket to the re-arranged match against Stockport County, that is due to be played at the Deva on Tuesday, April 29.
Latest | April 2008