Date: 24th November 2008 at 8:04pm
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Former Chester City Chairman and current Club Owner Stephen Vaughan has announced that the League Two club is formally up for sale.

The struggling League Two outfit have well and trully felt the pinch with commercial revenues and attendances through the turnstyles plummeting at the Deva Stadium.

A press statement issued on the club’s official website reads: ‘Chester City Board of directors today announced that City owner Stephen Vaughan has put the club up for sale and will continue to sponsor the club until a suitable buyer is found.’

It is unclear what this will mean for the proposed redevelopment of the Deva Stadium’s East Stand, announced earlier this season.

Meanwhile, Chester City manager Mark Wright is hoping to strengthen the squad before Thursday’s transfer window closes for loan deals, however it appears unlikely anything will happen this week with City still under a transfer embargo.

With one win out of the last twelve performances, it doesn’t look good the Blues. What do you think about this breaking news, post your comments online here at Vital Chester City today.