CHAIRMAN Ivor Jenkins and director Andy Ewing have resigned from the board of Bangor City following a meeting last night, just over a year after club was the subject of a controversial buyout.
A statement from the club says: "The resignations are the result of a long-standing disagreement over the financial relationship between Bangor City FC and Nantporth CIC."
Jenkins says "It is not a fair arrangement and the most recent licence applications shed light on undisclosed creditors from the previous board that should have been presented when we came in."
City's accounts show a net loss for the year ended 31 December 2016 of £191,061 with current liabilities of £336,547 and a note from the auditors says "These conditions indicate the existence of a material uncertainty which may cast doubt about the company's ability to continue as a going concern." The club is currently supported by significant directors' loans.