CFU Statement on the Stuart Murphy takeover approach

Tuesday, 12 May 2020 14:25

The Board of City Fans United can confirm we received notification from Stuart Murphy, on behalf of Exacta Plc, on Sunday 10th May advising his intention to end his association with the Club forthwith.

Therefore the Board wishes to advise members we consider Stuart’s approach to takeover the ownership of Chester FC to be withdrawn.

We can confirm that to date we have not received settlement of the outstanding financial commitments for the 2019/20 season, however we remain in discussion with Stuart regarding this matter.

Chester FC would like to place on record its appreciation to Stuart for his financial support and donations received since his association with the Club commenced in 2018 and we wish him well for the future.

The Board will provide further updates to members over the coming days and weeks, and is committed to fully engaging with the membership in developing a revised strategy to ensure we can overcome the challenges of the Covid-19 pandemic, continue to function sustainably and remain competitive when football returns as a 100% supporter-owned football club.

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CFU Statement on the Stuart Murphy takeover approach

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