NEWLY-APPOINTED York City Supporters' Trust board member Matthew Flint is reconsidering his position after just two weeks in the role.

Flint believes the Trust board have not "thoroughly investigated" other potential income streams as the club look for solutions to its current financial problems.

He also feels that a proposal from JM Packaging, which will be voted on in a Trust special general meeting on June 6, does not provide the club with enough money to secure its long-term future.

Under the proposal, which would see City managing director Jason McGill's Malton-based company become 75 per cent - plus one share - majority shareholders of the Minstermen, JM Packaging would exchange an existing £300,000 loan, facilitated for the club and due to be repaid by January, into shares.

If the motion is accepted, JM Packaging would also cover £150,000 losses made by the club last season and invest £100,000 annually for the next five years.

This added investment of £650,000 would be treated as a loan with an interest rate of 11 per cent.

But, on the assumed sale of KitKat Crescent when the club is in a position to move to a new stadium, the loan would then be waived with JM Packaging only receiving the interest payments.

A further proposal made by former Supporters' Trust board member Mike Grant, involving a £200,000 loan to the club, was deemed "unworkable" by the Trust board, who felt such a sum would be insufficient for the club's needs and also expressed doubts over the timing and availability of the money.

The Trust board had further concerns about the future management and running of the club if the proposal was accepted with an implication that the current board of club directors would be unlikely to continue in their positions.

In a letter to the Press, Flint, who is also a York Minstermen committee member, said: "Unfortunately, given the recent communications from the Trust board to Trust members, I have had to reconsider my position.

"I cannot say, hand-on-heart, that I'm convinced that the JMP takeover is the best long-term solution for the football club nor can I be confident that other potential income streams were thoroughly investigated by the Trust board. When the Trust board invited third parties to submit investment proposals for the football club, I had assumed that all the proposals would be considered together and that all potential investors would be given sufficient help to allow them to make firm investment offers.

"Both of those assumptions were clearly wrong and I can only conclude that the JMP offer was the only one the Trust board were ever going to consider.

"According to my own calculations, based on financial data available to all Trust members, I don't believe the JMP offer on its own will bring sufficient extra funds to secure the long-term future for the club.

"Furthermore, talk of a £1million cash injection is terribly misleading, as the total will be much less than £700,000 after JMP collect their interest.

"While I'll not be advising Trust members how to use their votes, I should add that, with a heavy heart, I'll be voting 'no' to the takeover at the special general meeting."

Updated: 10:05 Thursday, May 25, 2006