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Bangor City chairman Ken Jones is to step down in six months' time.
BANGOR City chairman Ken Jones is to step down in six months' time.
Jones says that his four-year plan to put the Citizens on a sound financial footing is complete and it is now time for others to run the club.
"You have a board of directors, a supporters club and mechanisms in place to make money, but you must continue to support them," Jones says in a message to 'directors, supporters and officials' on the club's unofficial website, Citizens Choice.
"You have your ground rent paid until the end of next season and you also have £50,000 cash from the developers when the new stadium is ready.
"You have paid in excess of £100,000 to the Inland Revenue over the last four years and all your VAT and PAYE is up to date," he adds.
Jones says he has invested over £250,000 into the club over the last 15 years and it is now time to go and enable the next phase in the history of Bangor City to go on unhindered.
Jones's company, Pentraeth Group, has sponsored Bangor for many years and he took over as chairman when Bangor were in dire financial straits, with no directors and no access to their Farrar Road ground due to rent arrears.
He has committed to continue the sponsorship until the end of next season.
"Peter Davenport has identified what players he needs next season and it is hoped that with the help of the supporters club, 200 Club, tote, sale of boards and sponsorship, money can be raised to approach these players," he adds.
1 June 2021
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