Minster FM News
No formal offers for York City Football club 75% stake
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Published at 5:35pm 1st May 2018. (Updated at 5:38pm 1st May 2018)
York City Football Club's Board of Directors has issued the following statement in relation to the proposed sale of the club's majority shareholding.
"J M Packaging Limited has confirmed that no formal offers to acquire their 75% shareholding in York City Football Club Limited have been received by the deadline of 30 April 2018.
The Football Club Board of Directors has indicated that both shareholders have been approached to determine what additional funds are to be made available by each party in connection with constructing a workable budget for the 2018-19 season."
There will be no further comment at this stage they say.
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