BANGOR City are on the brink of securing new ownership after two board members have agreed to step down "once the relevant diligence has been completed by both parties".

Vaughan Sports Management have been slowly moving away from the Huws Gray Alliance side behind the scenes in recent weeks, and another interested party has now come forward with a suitable offer to take over at the club in the very near future.

This news swiftly follows on from the departure of Stephen Vaughan Jnr, who stepped down as director of football last month to take up a coaching role in Malta.

VSM have enjoyed mixed success at the Citizens since their arrival at the storied club in 2016, which has seen them demoted to the second tier after failing to obtain an FAW Domestic Licence despite qualifying for Europe under manager Kevin Nicholson.

Their fortunes have improved significantly of late after a poor start to the season which resulted in Craig Harrison departing his managerial role in favour of a coaching position at Connah’s Quay Nomads, with Gary Taylor-Fletcher taking charge of his first game last Friday in their derby defeat to Rhyl.

James Lees and Williams Adamson, who held the role of directors, have agreed to step down with the unnamed ownership team ready to step in at the club.

The news will come as a boost to some sections of the City faithful, who have been highly critical of the current ownership and attendances have dropped significantly as a result.

An announcement is expected by the club in the coming days in relation to their new owners, with the squad gearing up for their JD Welsh Cup third round clash at home to Holyhead Hotspur on Friday evening (7.45pm).