A mystery investor could be set to hand cash-strapped Chester FC a timely boost with a cash injection into the relegated club.

City Fans United, the supporters group which owns Chester FC, say they have fielded an approach from an as yet unnamed financier who is described as a 'wealthy entrepreneur'.

A statement from the group read: "The Board of City Fans United would advise the membership that we have very recently received an enquiry from a third party individual regarding a potentially substantial investment in Chester Football Club.

"The individual who has made the approach wishes to remain anonymous whilst initial investigatory discussions progress.

"It should be noted that this enquiry is at a very early stage and we would stress that this would not in any way threaten or affect the principle of 100 per cent supporter ownership or day to day control in respect of the club.

"This crucial principle was discussed and agreed as a pre-requisite for any further conversations.

"The individual concerned is a wealthy entrepreneur with many connections to Chester and who is extremely passionate about the City.

"This potential investment may represent a fantastic opportunity for Chester Football Club in the pursuit of success and prosperity.

"We would advise our members that it is our intention to pursue this matter further once both parties have performed the necessary due diligence.

"The Board commits to consult with and update our membership further should this enquiry progress."