Chester have dropped their appeal against the 15-point penalty from the Football Conference.

City had already been docked an automatic 10 points for having gone into voluntary administration following relegation from League Two in May.

New chairman Ian Anderson told BBC Radio Merseyside: “If we were strong financially, I’d say let’s spend £100,000 and take on the appeal.

“But the money now needs to stay in Chester City Football Club.”

Chester are 24 points adrift of safety in the Blue Square Premier after starting the season on minus 25 points.

City were docked 10 points for having gone into administration and then had that increased for undisclosed reasons.

The Football Association intervened when it became clear that their former owner Stephen Vaughan was still part of the consortium which had bought back the club.

“That’s a simple fiscal decision,” Anderson added.

“It’s probably commercial duress, a double sword in the fact that we can’t afford to do it. That’s is the reality of it.”But despite not appealing against the points penalty, Anderson does hope the club can give financial support to new manager Jim Harvey to strengthen his squad.

“Jim has assured me he will be looking at players this week,” Anderson continued. “I’ve had a meeting with the owner [Stephen Vaughan] and he assured me there is money available.

“It goes without saying this squad isn’t good enough. It needs to be strengthened and it is as simple as that.

“It’s there for everyone to see. We will strengthen the squad but we need to bring in the right people.”

Original article: BBC Sport