York City Football Club has issued a club statement regarding the proposed sale of the club.
That follows major shareholder and Malton businessman Jason McGill stepping down as chairman of the football club in March and putting his 75% shareholding on the market.
The remaining 25% of the shares are currently held by minor partner the York City Supporters’ Trust. McGill had previously tried to obtain those in exchange for maintaining his existing funding levels over the next year. However, Trust members voted against that at a Special General Meeting.
“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 statement released by the current board of directors read on York City FC’s official website.
“The Football Club Board of Directors has indicated that both shareholders [Jason McGill and the Supporters’ Trust] 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.”