THE ARCHIVE
Clubs
Cresent tense | Cresent tense |
|
Douglas Craig, chairman of York City, has had little cause to bother fans outside the city during a decade in charge, apart from deciding that York were the only club above signing the anti-racism Kick It Out charter. City fans, however, had tired of being told by the ex-councillor (Tory, since you ask) to stay away if they disagreed with his methods, and being threatened with the closure of the club if there were any more protests against him. But on December 20 he announced that the club was up for sale – losses of £1.2 million in the previous year meant it would run out of money by the end of February, and was averaging a weekly deficit of £24,000. The club gave provisional notice that it would resign from the League on April 1 if no buyer was found. The news was greeted with a nervous optimism by fans dreaming of a future free from a man who once sent a bill for the costs of sweeping the terraces to the organisers of a red card protest. But they had reckoned without the “business expertise” of the board. In July 1999 they set up a company, Bootham Crescent Holdings, to which they transferred the main asset of the club, the ground itself. Shareholders in the football club were reassured that the “corporate restructuring” was intended to safeguard the assets of the club. In any case, the directors owned 94 per cent of the shares, so approval for the move was a formality. The price was £165,000. From WSC 181 March 2002. What was happening this month On the subject...
Comments (0)
Comment
You must be logged in to comment. Please register if you do not have an account yet.
|
| «Previous | | | Next» |
|---|
Today's most read WSC articles
The lives of others Italy's phone-tapping scandal |
Matthew Barker |
WSC 274 Dec 09 |
Sack the board Arsenal Monopoly |
Al Needham |
WSC 191 Jan 03 |
Do they mean us? Euro perspective on British football |
WSC |
WSC 169 Mar 01 |
As seen on TV Melodramatic football coverage |
WSC |
WSC 164 Oct 00 |
|
|
|








Subscribe to this comment's feed