City Fans United can confirm that earlier this afternoon we received a text message from Stephen Vaughan senior’s mobile phone as follows:

£1 for 100% shareholding.
u pay all outstanding creditors.
Stephen vaughan junior

We feel that two days would not be sufficient for us to carry out the due diligence that any fit and proper future owner would wish to undertake, so we trust in Mr Vaughan that he has made provision for the Club’s survival of Wednesday’s winding up order.

As our members would expect, we have now acknowledged receipt of this message, and will give due consideration to his offer at our members meeting on Thursday.