STEPHEN Vaughan Jr. has laughed off claims he is involved in the new investment at Prestatyn Town FC.

The former Bangor City manager and chairman told The Journal that he has “absolutely nothing to do” with the ownership change at the club, despite rumours circulating to the contrary.

Merseyside-based investor Jamie Welsh took over from Neal Colakoglu earlier this month and has already held discussions with manager Neil Gibson and the club’s loyal fanbase about what direction he wants the club to go in next season and beyond.

He wasted no time in restructuring matters behind the scenes, which saw Leigh Williams and Mike Mainwaring returning to the set-up.

Vaughan Jr. is currently working on a new project with Boca Gibraltar after VSM Management sold the Citizens’ to Domenico Serafino, and he is “fully concentrating” on this.

He said: “The investment at Prestatyn Town has absolutely nothing to do with me or any of my associates. “We have our project in Gibraltar to concentrate on and that’s it.”

Prestatyn Town were denied promotion to the JD Cymru Premier despite winning the title in comfortable fashion. This was down to their failure to secure a Tier 1 Domestic Licence from the Football Association of Wales despite securing a ground share late in proceedings.

Welsh has already set out his ambitions to “get the club back where it belongs”, and the situation regarding their TV gantry is expected to be fully resolved by the time licencing applications open for 2021/22.

Vaughan Jr. enjoyed a turbulent spell at Bangor that saw them go from second place in the top-flight to facing the prospect of third-tier football before their 42-point deduction was quashed on appeal.