YORK City Supporters' Trust are hoping to call a special general meeting "within the next few weeks".

The meeting will discuss proposals for the club's financial, managerial and ownership future with Trust members deciding the appropriate way forward.

A proposal put forward by JM Packaging, along with other information and potential alternatives considered, will now be sent to Trust members ahead of the meeting. It is anticipated that this information will be received by members on May 20.

It has also been confirmed that details about another proposal, put forward by former Trust board member Mike Grant and deemed "unworkable" by the current Trust board, will also be included in the information pack.

A Trust spokesperson said: "The Trust is now working to confirm the special general meeting arrangements and a date will be communicated as soon as is practically possible.

"The Trust board now has a workable proposal from JM Packaging for the future financing and management of the club.

"Amongst potential alternative financing arrangements considered was information provided by Mike Grant in respect of the possibility of an interest-bearing secured loan to the club from a group comprising some of the directors of the company or group which employs Mike Grant.

"The details of that potential proposal will be included within the pack of information, albeit the information does not provide the basis for a workable financing and management proposal for the future of the club."

In an earlier proposal, Malton-based company JM Packaging, owned by City managing director Jason McGill, offered to exchange the repayment of a £300,000 loan, due to be paid to the Malton-based company in January, for 76 per cent shares in the football club.

JM Packaging also offered to pay the club's £100,000 annual Football Foundation loan repayments for the next five years and cover £150,000 losses suffered by the KitKat Crescent outfit this season.

But the company's overall £950,000 cash injection was to be treated as a loan which, with an interest rate of 12 per cent, would have seen £650,000 repaid to JM Packaging on the future sale of KitKat Crescent when it is anticipated the club will be in a position to move to a new stadium within the city.

But the continued cash injection was also subject to a successful planning permission being obtained within 12 months to build houses at the current Bootham Crescent site.

Grant, who leaked information of the proposal to the Press, believed the Trust board were misled over the terms of JM Packaging's existing £300,000 loan, which has precipitated talks over the club's future ownership structure.

To support his allegation, Grant provided a letter from City finance director Terry Doyle to the FA's financial advisory unit which indicated that City board member McGill gave assurances the loan would only be repayable on the sale of Bootham Crescent.

Grant has since resigned from the board of the Trust, who still own 85 per cent of the shares in the football club with McGill having a 15 per cent interest.

Steve Ovenden, who doubles up as club mascot Yorkie the Lion, his wife Kirsten and Ian Tyssen have also recently tendered their resignations from the Trust board, leaving just six members on the committee.

But following a call for replacements on the Trust board, six people have expressed an interest and are now being contacted to see whether they want to become temporary appointments.

Any volunteer appointed to fill a vacancy would be required to retire at the Trust's next annual general meeting when they could then stand for re-election.

Updated: 09:53 Saturday, May 06, 2006