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YORK CITY SOUTH


City History

2016/7 Accounts

Headline figures for the 2016/7 accounts were made public in January 2018 in the run up to The York City Supporters’ Trust’ AGM when it was revealed Jason McGill have pumped in £630,000 to cover the 2016/7 operating losses.

With decreased central funding in our first season outside The Football League, the cost of running a squad which saw a record number of players turn out for City as Jackie McNamara and Gary Mills, with a top 3 budget, failed to fight off relegation to National League North, was a major contribution to the losses.

Even the additional income from The FA Trophy success failed to make a significant dent in the losses.

2016/7 losses increased by about £95,000. Including donations from JM Packaging, the previous season's relegation from The Football League had seen a loss of £301,000 plus a further donation of £235,000 from JM Packaging.

York City chairman Jason McGill has stated he has no intention of selling his shareholding in the club in the “foreseeable future”.

The figures mean the club’s 75 per cent majority shareholder has, up to June 30, 2017, has pumped £4million into the club to cover the losses since he took over ownership from the Trust in 2006. The debt owing to the chairman's company was £1.856m at July 1, 2011 and £5.809m at June 30, 2017 (including interest McGill has agreed to waive).

Equity in Bootham Crescent is not now at a sufficient level to guarantee McGill will receive all the money he has put into the club following the sale of the ground ahead of the move to the Community Stadium.

Further information to be taken from accounts filed at Companies House when available.

Some Thoughts

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Footnote: On 21st January 2018, City issued a press release stating that Jason McGill and JMP Packaging had contributed a further £630,000 to support City's finances in the following year which saw City relegated from The National League.

Read the Yorkpress article (22/Jan/18) on Jason McGill's statement.

Steve Kilmartin (YCFC Auditor) on Radio York (22/Jan/18).

John Lacy on Radio York (22/Jan/18).

Jason McGill on Radio York (22/Jan/18).

Jason McGill's comments to John Uttley (27/Jan/18).

20 Years Of City Accounts

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