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The New York City

New company incorporated and initial directors appointed

The Trust has now put in place a newly incorporated company, York City Football Club Limited, that will take on the business and assets of York City Association Football & Athletic Club Plc (In Administration).

One of the initial Directors of the new company, and Trust representative, Steve Beck commented:

At the same time as carrying out the myriad of tasks to hopefully complete the rescue package of the Club next week, the Trust and the new Board of Directors of York City Football Club are continuing to prepare for the actual running of the football club.


The supporters of York City are on the verge of owning their Club. Each supporter has the opportunity to own the Football Club through the mechanism of the Supporters Trust. The new company is owned by the Trust, which in turn is owned by its members. The current membership of the Trust is over 1,400 people, with around 400 people yet to renew their membership since 31 January 2003. Supporters continue to be encouraged to join or rejoin the Trust to help push membership numbers back over the 1,500 mark.

At the same time, the Trust appeals for a final fundraising push from the people of York to help save City. With just a few days to go until the 200,000 of funding needs to be in place, the funds held in the Munby & Scott - Save City Account passed the [ ] mark. Further donations (any amount) or monies for Loan Notes (multiple of 100) should be sent to the Trust at Bootham Crescent, York (payable to Munby & Scott Save City Account) or can be handed to a Trust official at Saturdays match. Further details are also available via www.ycst.org.uk

All the monies in the Save City Account either contributed as simple donations or Loan Notes - are earmarked for injection into the new company by the Trust next week. The new company will issue shares to the Trust in return for this money.

Last year, the Trusts members elected a Board of eleven people to run the Trust on their behalf. A certain number of Trust Board positions will be up for re-election again later this year. Three of the Trust Board members have now been nominated for appointment as directors of York City Football Club Limited. Until the deal is completed with the Administrator, York City Football Club Limited is, in effect, just a shell company. In due course, more new directors will be appointed to the Club from outside of the Trusts own board. Certain director requirements have been identified and further appointments are expected to be announced in due course.

The initial directors of York City Football Club Limited, all elected members of the Trust Board, are Steve Beck, Mike Brown and Sophie McGill.

All are life-long City fans and have been hugely involved in the Save City Campaign and formation and operation of the Supporters Trust since January 2002.

Steve Beck, for many years has been involved with the Supporters Club, in particular the London & South Branch. He now runs his own accounting and business advisory service from his North Yorkshire base. Steve has played a leading role in the Trusts negotiations and business activities, particularly over the past six months.

Mike Brown lives in Selby with his partner and two children and is Managing Director of an Internet marketing agency based in York. Mike has been responsible for the Trusts internet activities and has also been involved in takeover negotiations.

Sophie McGill is the Clubs former Public Relations Executive. Now working in her family business, she polled the most votes of all candidates at the Trusts election for board members. Since January 2002, Sophie has played a leading role in the Trusts communications strategy.


Steve Beck commented:

The Supporters' Trust is on the verge of one of the most significant events in the history of the York City. The Trust's plans not only rescue the Club from extinction, but also provide an incredible opportunity to create a new community-based club that is driven by the passion and commitment of all of the supporters.

Beck added:
We know that there are substantial hurdles to overcome, but with the support of the whole York community, we will succeed.

 
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