York City FC up for sale

York City chairman Jason McGill has released a statement following last night's Special General Meeting of the York City Supporters' Trust.

Members rejected the proposal to transfer the Trust's 25 per cent stake in York City to majority shareholder Jason McGill and his company J M Packaging.

The Trust has 910 members but only 385 votes were cast in the ballot with 262 votes against the proposal and 123 votes in favour.

"I was immensely disappointed at the decision last night by a majority of 139 members of the York City Supporters’ Trust to decline my offer of financing the Football Club until the opening of the new Community Stadium - which clearly has a wide reaching impact upon the substantial loyal York City fan base.

He went on

It is therefore with deep regret I consider there is no alternative other than to offer the interests of J M Packaging Limited in the Football Club for sale to someone who is able to reconcile the Trust’s objective of operating on a breakeven financial position, whilst providing both the finances and aspiration necessary for any sporting entity to be successful.

Interested parties, including the York City Supporters’ Trust, in accordance with the 2006 Agreements, should contact my Accountant, Steven Kilmartin at Hentons (York) Limited, with details of outline proposals and proof of their financial integrity to support a satisfactory outcome to negotiations.

Any submissions, meeting the minimum requirements mentioned, need to be registered by 30th April 2018."

Jason McGill

More to follow

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