York United FC is under new ownership, after Canadian Soccer Business announced on Monday that it has purchased the club from the Baldassarra family, effective immediately.

The purchase comes in anticipation of transferring the CPL founding club to new ownership. All business and technical staff within the organization will be retained in their roles as the club continues its 2023 Canadian Premier League campaign, including York President/CEO Angus McNab.

“We would like to thank Michael, Carlo and the entire Baldassarra family for their early belief in the CPL and the role they played in getting the League to where it is today,” Mark Noonan, CEO, Canadian Soccer Business and Commissioner, Canadian Premier League, said in a release.

“We collectively agreed it is best to find new owners for York United to help this club further blossom into what we know it can be: a world-class organization befitting of the soccer-mad community in the York Region. In the meantime, it’s business as usual.”

McNab will now report to CSB regarding business operations and to the CPL league office on soccer matters.

The Baldassarra family was part of the original ownership group that purchased the Nine Stripes in 2018, ahead of the league’s inaugural season. The family became sole owners of the club in 2021.

“We have been so proud to invest in the future of Canadian soccer in recent years,” said Michael Baldassarra.

“However, moving forward, we felt the club, community and its supporters would be better served by having new custodians at the helm bringing fresh energy and ideas. Our family would like to thank York’s great staff and Angus McNab for their tireless efforts through these formative years. We look forward to cheering York on as fans in the future.”