YORK CITY chairman Glen Henderson has issued a statement addressed to the supporters confirming that he has offered his shares back to the Supporters' Trust.

Henderson, who first took a 51 per cent stake in the club in July last year, has confirmed that the Trust were due to offer concrete funds today (February 15) to buy back his shares but nothing has come to fruition.

If the Trust are unable to provide the funds by April 4, Henderson says he will be able to offer his shares to the open market.

READ MORE: John Askey backed by supporters to return to club

The chairman became an unpopular figure at the LNER Community Stadium after the harsh sacking of former manager John Askey.

He has previously reportedly offered his shares back to the York City Supporters' Trust, who own a 49 per cent stake in the club, before rescinding his offer.

Henderson will continue to be involved in the club and will continue to fund it too until the Trust finds a suitable buyer, or purchase back the shares themselves.

READ MORE: Cup win was the 'City I know'

In a club statement addressed to supporters, Henderson said: "I’m very much aware of the recent rumours around the Club, and whilst I appreciate that many fans have made their decisions about me, I feel it is appropriate to remain open about my ongoing involvement, and to ensure that fans are fully aware that I have agreed to sell my shares which I don’t believe has previously been made public.

"Since the Trust’s announcement in January, I have been working with them as much as possible, and following all relevant protocol.

"The Trust have been working hard to secure funding to buy my shares in the Club, and as many of you would have been, 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.

"The Club remains priority, and I have no doubt that fans will agree, that it is vital that we continue to pull in the same direction aiming for success both on and off the pitch.

"I have offered to continue to provide resources to ensure stability, and am not looking to profit in any way, but can confirm this has not been accepted due to the ongoing purchase negotiations, so my hands are tied until April 4.

"Following this date, I would then have the option to offer the shares to the open market.

"We will all continue to work hard for the best interests of York City Football Club.

"Please continue to show your support for Mikey [Michael Morton, York City interim manager] and the team."