York City chairman Jason McGill could look to sell his 75 per cent shareholding in the club if there is a “No” vote at Thursday’s Supporters Trust special general meeting.
Trust members will be balloted at Millthorpe School next week to decide whether the fans’ body should hand over their 25 per cent stake in the Minstermen to McGill’s JM Packaging company under the Golden Share proposal.
McGill has also added that a “No” result will mean he would stop covering losses at Bootham Crescent, requiring the club to operate on a “break-even basis” unless additional funding is acquired either from the Trust or any potential new owner.
In the even of a “Yes” vote, though, McGill would continue to support the club financially until the move to the new stadium and would be “highly likely” to do so “in the short term” following relocation to Monks Cross.
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