 By mid @-@ February 2001 , York were bottom of the Third Division table , but after losing only two of their last sixteen matches they finished 2000 – 01 in seventeenth . They reached the FA Cup third round for the second time since 1986 , but were beaten 3 – 0 by Premier League side Leicester City at Filbert Street . Record losses of £ 1 @,@ 261 @,@ 038 were reported in November 2001 , before Craig announced in December that the club and the ground had been put up for sale for £ 4 @.@ 5 million . Craig later said Bootham Crescent would close by June 2002 , and the club would resign from the Football League if a buyer was not found . The club was taken over by motor racing driver John Batchelor in March 2002 . He pledged to give the Supporters ' Trust ( ST ) two seats on the board and announced a sponsorship deal with Persimmon that would see an undisclosed amount split between the club and his racing team . By late @-@ March 2002 , York were second from bottom , before a run of five wins from the last eight matches saw them finish 2001 – 02 in fourteenth place . They reached the FA Cup fourth round for the first time since 1986 , losing 2 – 0 at home to Premier League team Fulham . 
