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Page last updated at 16:56 GMT, Wednesday, 16 December 2009

No offer yet for troubled Chester

Chester City

Chester City are yet to receive any serious offer despite mounting interest from potential investors in the Blue Square Premier crisis club.

City managing director Bob Gray insists that the major short-term issue will be averted and that their unpaid players will be paid 'as soon as possible'.

Gray also insists that, amidst all the gloom, City do have a long-term future.

"Four or five interested parties have said they might put money into the club," he told BBC Radio Merseyside.

"But they've gone away and not really come back to us with concrete evidence that they want to buy shares or even take over the football club for the right price."

Chester, now owned by former owner Stephen Vaughan's son Stephen Vaughan Jnr, are still a long away adrift at the bottom of the Blue Square Premier.

They are still 24 points shy of safety and, barring a footballing miracle, on course for their second relegation in as many seasons.

But the main hope among the disillusioned fans is that a new investor might tempt the Vaughan family into surrendering control. And former Bournemouth chairman, Paul Baker, a boyhood Chester fan, is one of a clutch of local businessmen who have been linked with the club.

As for the situation over the players, who are still to receive their November salaries, Gray is hopeful of an imminent conclusion.

The players have threatened to go on strike if they do not receive their wages ahead of Saturday's trip to Rushden & Diamonds, forcing the Professional Footballers Association to get involved.

But Gray said: "We have spoken to the players at length over the last few days. We'll get the wages sorted as quickly as we can.

"We've just outlaid £36,000 to the Football Conference to meet the shortfall of the footballing creditors.

"The next step forward is to find money for the wages.

"The pre-season killed us. We lost the revenue from friendlies with Liverpool and Burnley and it's put us four weeks behind.

"But there is only so much we can outlay each month, each day, each hour."

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