Fan Owned

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spen666
Posts: 2119
Joined: Tue Jul 03, 2012 9:12 pm
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Fan Owned

Post by spen666 » Tue Jul 05, 2022 1:09 pm

York City now fan owned

https://www.ycst.org.uk/supporters-trus ... mp-shares/


Interesting to see how they manage being fan owned and full time going forward

AndyPark
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Location: Darlington

Re: Fan Owned

Post by AndyPark » Tue Jul 05, 2022 1:45 pm

Good luck to them, would love to see how they are going to stay financially afloat whilst being FT.

Ghost_Of_1883
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Re: Fan Owned

Post by Ghost_Of_1883 » Tue Jul 05, 2022 2:35 pm

AndyPark wrote:
Tue Jul 05, 2022 1:45 pm
Good luck to them, would love to see how they are going to stay financially afloat whilst being FT.
They might have to trim the budget a bit, but aren't they getting gates of 2,500-3,000 and have a new ground which may provide decent earning potential.

Put it another way, if they can't manage, then there's no point us ever trying to emulate it in the future.
#Arenaherewecome

spen666
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Re: Fan Owned

Post by spen666 » Tue Jul 05, 2022 2:42 pm

AndyPark wrote:
Tue Jul 05, 2022 1:45 pm
Good luck to them, would love to see how they are going to stay financially afloat whilst being FT.
That was my thinking as well.

Nimrod
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Re: Fan Owned

Post by Nimrod » Tue Jul 05, 2022 3:34 pm

I predict the York Trust will sell at least 50% of the club to a new backer. There’s no way the Trust will be able to manage the club on its own.

shildonlad
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Location: Chesterfield

Re: Fan Owned

Post by shildonlad » Tue Jul 05, 2022 5:11 pm

Not fully fan owned seen as a business man has 51% ownership
I may not live in the north east anymore but i still support the north east teams

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don'tbuythesun
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Re: Fan Owned

Post by don'tbuythesun » Tue Jul 05, 2022 6:41 pm

So they aren't fan owned then?

Darlo Dodger
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Re: Fan Owned

Post by Darlo Dodger » Tue Jul 05, 2022 7:05 pm

When I last looked they were overdue in filing year end accounts at Companies House.
The last set which were lodged disclosed very high debts
I wonder what is happening or has happened to that debt mountain.
If the club is carrying huge debts it is a little difficult to see how fan ownership will be able to deal with them

tdk1
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Re: Fan Owned

Post by tdk1 » Tue Jul 05, 2022 8:02 pm

Wasn't the talk that the sale of bootham crescent would settle the debts and allow for the club to be run on an even keel? That would have happened well after the last accounts due date and I suspect the sale earlier in the summer is why it's happened now.

Good luck to them, the more successful fan owned clubs the better

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theoriginalfatcat
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Re: Fan Owned

Post by theoriginalfatcat » Tue Jul 05, 2022 8:13 pm

don'tbuythesun wrote:
Tue Jul 05, 2022 6:41 pm
So they aren't fan owned then?

York City, fan owned or not fan owned, that is the question? Whether 'tis nobler in the mind to suffer
the slings and arrows of outrageous fortune, or blah blah blah -

Edit, it seems a business man called Glen Henderson has bought 51% of the shares, so they are not fan owned.
A stopped clock is right twice a day.
The Blackwell Meadows clock is wrong all day every day.

shildonlad
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Team Supported: Newcastle united and gatesheas
Location: Chesterfield

Re: Fan Owned

Post by shildonlad » Tue Jul 05, 2022 8:58 pm

theoriginalfatcat wrote:
Tue Jul 05, 2022 8:13 pm
don'tbuythesun wrote:
Tue Jul 05, 2022 6:41 pm
So they aren't fan owned then?

York City, fan owned or not fan owned, that is the question? Whether 'tis nobler in the mind to suffer
the slings and arrows of outrageous fortune, or blah blah blah -

Edit, it seems a business man called Glen Henderson has bought 51% of the shares, so they are not fan owned.
And one of the key men on the trust is a wealthy businessman too
I may not live in the north east anymore but i still support the north east teams

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