The Supporters’ Trust are pleased to confirm that today it has completed the purchase of 100% of JM Packaging’s shares in York City Football Club Ltd.
In 2006, Trust members approved the transfer of 75% of the shares in the football club to JMP. Part of that takeover gave the Trust the right to purchase the shares back from JMP should they ever choose to sell them. In March 2022, the Trust reached further agreements with JMP and the football club to facilitate the transition to new ownership within a three month period. Today, those arrangements have concluded with the transfer of JMP’s shares to the Trust.
The Trust would like to thank the enduring efforts of the York City board of directors, JMP and particularly Jason McGill. We recognise the huge time commitment and financial contributions they have made to help transition the club to the LNER stadium and provide a springboard to take the club forward for the next 100 years.
Following meetings today with John Askey, Kingsley James and staff, the club will make further announcements about our exciting plans for the future.