A response to a Freedom of Information request has finally forced the Council to reveal the terms of its £350,000 loan to York City FC agreed in 2014. 

The loan was secured by a legal charge on the Bootham Crescent ground.

The loan involved annual repayments of £35,000.  

The balance of the loan is payable immediately if the Club sell Bootham Crescent. It is understood that a house builder still has an option to purchase the site when the football and rugby clubs move to the new LNER stadium in 2020.

In addition the Football Club has agreed to pay £2 million towards the cost of building the new stadium.

There is a legal charge on the club’s assets to cover this liability.

The Council continue to refuse to publish the valuations that they have undertaken on Bootham Crescent.

They also refuse to say how much rent they expect to receive from the football club at Monks Cross (the stadium part of the development is expected to cost around £16 million of the total £47 million cost of the whole development).

The council has confirmed that, once all processes have been complete, it intends to release the lease agreement with York City into the public domain.