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Blues close to administration

15 May 2009 - 14:11:17

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Chester City owner Stephen Vaughan has confirmed that the club are close to being forced to go into administration.

The Blues suffered relegation from the Football League this season, a situation which has only heightened the financial problems at the Deva Stadium.

Vaughan told the Chester Chronicle: "We will making the decision over the next couple of days whether to put the club into administration to safeguard its future.

"We have only seven contracted players at the moment and we have got the club by the scruff of the neck now.

"We are also taking stock of the finances and of the losses we have suffered over the last eight years."