Chester need £50,000 to avoid going out of business as financial crisis is revealed

Chester must raise £50,000 in the short term to remain in business after their worrying financial status was revealed last night.
At a crucial City Fans United (CFU) meeting at the Swansway Chester Stadium on Thursday, finance director Laurence Kirby told hundreds of Blues fans that the club could run out of money as early as next month.
Kirby explained that it costs £85,000-£90,0000 a month to keep the club going and if a sum of £50,000 could not be sourced, the club could face extinction for the second time.
Manager Marcus Bignot's contract expires in May and it was also revealed that his budget of £450,000 could be cut to as low as £250,000 next season.
The club offloaded fans' favourite Tom Shaw last week to reduce costs and now Paul Turnbull, Kingsley James and Ross Hannah, who are all on lucrative two-year deals, face early exits to save money.
On Wednesday, it was announced that Chester would be parting company with chief executive Mark Maguire at the end of the season after the CFU opted to make the role redundant in a further cost cutting exercise.
The Blues are yet to receive the second instalment of Sam Hughes' transfer fee to Leicester City and the club are aiming to bring the date forward as to when they would cash in. Selling Hughes' selling-on clause in his contract is a possibility but only if it was the last resort to keep the club afloat.
James Alabi's tribunal date for his transfer to Tranmere Rovers last summer is set for next month on February 15.
Chester fans have already raised £1,214 just from last night's meeting.