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York seal takeover with ownership group who failed in same attempt for Yeovil

York seal a long awaited takeover with an ownership group, with members of the Uggla family who failed in the same attempt for Yeovil.

Julie-Anne and Matthew are part of the ownership group 394 Sports Ltd to ave completed the takeover of the National League club, acquiring a 51% stake.

They both become co-chairmen and being added to the club directors board alongside two York City Supporters’ Trust appointed members, who will be Alastair Smith and Mike Brown.

CLUB STATEMENT:

York City Football Club can confirm that following a transfer of shares from Glen Henderson, 394 Sports Ltd have acquired a 51% majority stake in the club.

The ownership group is led by The Uggla family, with mother and son duo Julie-Anne and Matthew assuming the roles of Co-Chair of York City Football Club pending FA approval.

“It’s amazing to get it done. It has been a pretty quick process and we need to hit the ground running because things are getting underway and we need to catch up with other teams who have had all summer to prepare,” Matthew said on completing the takeover.

“We can really take this club as far as we want to take it, I think the sky really is the limit, there’s not really a ceiling on this club. It’s just a case of putting the right structures and plans in place to really go for it.”

Matthew and Julie-Anne will be formally appointed club directors following completion of the required FA and National League processes. The two Trust-appointed directors Alastair Smith and Mike Brown will remain on the board.

Matthew said: “The new owners would like to put on record their thanks to the Supporters Trust for their extensive work in helping us to complete the takeover. We look forward to working with all supporters to deliver a brighter future for the club.”

YORK TRUST:

York City Supporters’ Trust is happy to welcome a new chapter in the history of York City Football Club with the sale the club’s majority shareholding to 394 Sports Ltd, owned by Julie-Ann Uggla & Matt Uggla.

The Trust board has been speaking with the Uggla’s representatives for a number of months, and have found them to be highly dedicated and professional in their efforts to join the York City family. Special mention should go to Club Board members Alastair Smith and Mike Brown for assisting the Uggla’s and their legal teams in fulfilling their due diligence.

The Uggla’s met with the Scrutiny Committee passing the scrutiny process with their professional manner and desire to work with the city community for a better future. Julie-Ann and Matt impressed with their proven success in business and resources to invest in club operations and the team. They outlined a vision to realise the club’s potential, aligning with supporters, and capitalizing on significant opportunities to grow commercial revenue to benefit the football club.

Since the completion of the scrutiny process, we have been particularly impressed with both Julie-Ann and Matt’s continued desire to seek partnership and collaboration with the Trust and its Members. Prior to completion of the sale, The Trust and the Uggla’s entered in to a formal partnership agreement, without the obligation to do so the Uggla’s have committed to:

– Working closely with the Trust and its Members.

– Investing in the future of York City Football Club.

– Maintaining the rights of the Trust held in the club’s Articles.

This agreement is something both sides can be incredibly proud of, it puts community at the heart of our football club as it moves forward and shows a commitment to guardianship from both sides.

The Trust look forward to working closely with the Club’s new Co-Chairs Julie-Ann Uggla and Matt Uggla. From what we’ve seen throughout the takeover process the arrival of 394 Sports Ltd brings with it the stability, ambition and professionalism York City Football Club has desired for decades. Today can be a platform to bring our community and club back together, fans and club working towards success and the betterment of York City Football Club.

Keep The Faith.

Fans reacted as York City seal a takeover with an ownership group who failed in same attempt for Yeovil Town…

@graham__lynch: What has been the difference in the process of checking the new owners suitability vs the last owners suitability? I am concerned this has happened quickly and the same individuals from the trust have agreed it

@MILLEREJ93: Absolutely buzzing with this news! Hoping for a bright & exciting future with the Uggla family! Can’t wait to get signings in through the door & for the season to start already! Welcome aboard @matt_uggla #ycfc

@YCFC1972: Right get that Cheque book open lad 🤣

@liamhartley16: Sounds and looks promising! Now let’s get some money spent and get some decent players in! #YCFC

@Jgallen2000: Hopefully this doesn’t turn Uggly

@wxbbxtt: Good riddance to the cheecky chairman #ycfc

@Chris_Davis1997: Ugglas billionaire reds. Cmon. Surely time for a normal competent owner ?

@McQuadeYork: Have that #ycfc

@AGShizzle: Only taken like forever but let’s see where this goes. Hopefully somewhat better than Henderson did fingers crossed anyway #Ycfc

@LSissoYCFC: So so Erect #ycfc

@TS_Minstermen: We’ve got our club back! Please, say that we’re right this time! 🔴🔵⚪️ #ycfc

@lotslottie16: Laters Glen 👋🏻 don’t let the door hit your arse on the way out. Good riddance and cautious optimism from me going forward!

@PegRogerio: Fucking get in there! Bye bye Glen! Don’t let the door hit your arse on the way out. #ycfc

@JWG_24: Announce some signings by end of week and I might renew my season ticket

@fisherjon10: The club has no assets and makes a hefty annual loss. We’re only an attractive proposition to egomaniacs and loonies. Wonder which category these folk fall into… #YCFC

@GarryGibb: Will reserve judgement until the end of the season. Wouldn’t have Mike Brown still on board tho. Fingers crossed its all a success.

@James_Warrener: Didnt they fail to buy Yeovil ?

@Charliebwright1: Letssss gooooo

@TommyHymas: So it’s the guy who the Yeovil fans warned us about…… Just hope proper checks have been done. Pleased Henderson has gone, but will reserve judgement on the new regime for now.

@Ch31in: The words Mike Brown and due diligence in the same sentence again, good stuff. Fingers crossed this the right move this time 🤞🏻

@Ben_YCFCsankey: Is this guy sane, please just a stable club for once 🙏🏻

@YorkshireGlover: Really hope that Matt Uggla has learnt lessons from his short term fiasco of a ‘stewardship’ at #ytfc

@Aaaaaaa20611573: Welcome to York city fc, I truly hope you are as genuine as you sound. We as fans can’t afford to be tortured any longer by some Walter Mitty style chairman as before. Good luck !

@Luke_J_A_P: Heard it all before. I’ll see where we are at the end of the season before getting too excited.

@jimycfc1: Let’s get to work #ycfc

@Egyptiankingsaa: Be careful what you wish for

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