IN an official statement from the Deeside Stadium, Connah's Quay have confirmed that owner Gary Dewhurst is stepping down and that the Nomads will move towards becoming a community-owned club.
Dewhurst indicated in a series of tweets on Thursday night that he was unwilling to continue his substantial financial support of £2.5 million over the last 10 years and the statement says: "Further to recent speculation in the media, the club would like to comment regarding plans to transition Connah's Quay Nomads to a community run club.
"Firstly, it is important to stress that there will be no immediate reduction in funding - contracts will be honoured and expectations for management and player performance will remain for this and next season. This move is primarily a legal transition of ownership from a single individual to a community-based structure and will happen over the next 12-18 months, if not sooner.
"Owner, Gary Dewhurst is stepping away and will gradually wind down his financial commitment to the club, hopefully to be replaced by alternate funders and sponsors.
"Next year will represent 10 years of involvement for Gary and in that time there has been significant investment and progress on and off the pitch."