York City chairman confirms plans to sell shares back to Supporters Trust
Glen Henderson took over the club last July
York City's chairman has confirmed he is looking to sell his shares back to the Supporters Trust, after a deadline for an offer passed.
Glen Henderson said he was aware the Trust had been "working hard" to secure funds, following an announcement in January that they intended to buy back his stake,
In a statement posted on the club's website, he said: " I was expecting something concrete by today.
"However, I am told this has not come to fruition at this stage, but I confirm my commitment to keep working together with the Trust."
Henderson said he remained committed to the club and would continue to provide "resources" to ensure stability.
He added he was not looking to profit in "any way" from the sale of the club, but that from 4th April, he'll have the option to offer the shares to the open market.