After 17 months, and several near-misses, the consortium led by current chairman James Derry has apparently pulled out of the running.
Last week they were named as 'effectively in control' by Chief Executive Stephen Booth after they secured, for the third time, the funding to give the club working capital of £500,000. Now, after the untimely intervention of former York supremo John Batchelor the group have apparently fallen out of the race.
Batchelor announced his intention to join the consortium last week, only to then launch a solo bid after a rapid falling out. Earlier today he promised the players a split of half of next season's TV money - £140,000 - if they avoided relegation. The money would be split based on games played, effectively offering some players £10,000.
York fans have little time for Batchelor, accusing him of profiteering during his time at then Bootham Crescent. Several have likened him to current unpopular Stags owner Keith Haslam, with Stags fans nervous at the stories and rumours surrounding him.