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Trust Board changes

Last week, Kirsten Ovenden and Stephen Ovenden resigned from their positions on the Trust Board.


Yesterday, Mike Grant also resigned from the Trust Board.  Mike has released a copy of his resignation letter, as follows:


"Under the provisions of Rule 72 and Rule 73 of the York City Supporters Trust Rules, no Board member is to have any material financial interest personally or as a member of a firm or company or as a director or other officer of a business trading for profit or in any way whatsoever in any contract or other transaction with the Society.



As you are aware, I have put a proposal to the Trust Board involving a group lending a sum of money to York City Football Club, but the Trust would retain its 85% shareholding in the Football Club.


 


Although I will not personally benefit financially in interest payments from the loan, the group I will be representing will, and in order for the proposal to be seriously considered, I feel duty bound to tender my resignation from the Trust Board in order to avoid any potential conflict of interest.


 


Whatever the outcome in the next few weeks, I genuinely hope that York City Football Club survives and prospers in the future, preferably as a supporter owned club."


 

 
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