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Swindon Town Finally Out Of The Red

Swindon Town Finally Out Of The Red

Swindon Town are now officially free of any historic debt as Andrew Fitton paid the clubs outstanding CVA payment on Friday.

Town had been fighting for their very future until Andrew Fitton`s consortium took over in January and things go from good to better as the historical CVA payment is finally out of the way.

When Fitton took over, his consortium had to pay half the CVA with the remainder to be paid by the 31st May.

This payment has now been made meaning that 99.9% of the club`s debt is now gone.

Town will now be able to have a vote at FA meetings as well as apply for grants from the FA, such as a stadium grant should they wish to update the aging County Ground.

The future has never looked better for Swindon Town.

Let`s look forward towards a push to the Championship next season.

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Writer:Moonraker1969
Date:Monday June 2 2008
Time: 9:42AM

Comments

0
This is the best news that any Swindon Town fan could have ever asked for...Well done Mr Fitton.
Wellsy
02/06/2008 10:20:00
0
After years of deceit and double talk its so good to see and read this news, a sign that AF & Co. have kept us not only informed but kept their promises todate. We thank them for this and hopefully the confidence will seep back into the club and supporters and we back them in their major efforts to turn this club around.
APG_STFC
02/06/2008 18:39:00
0
Its great news for you and your club. He always looked after the guys at Hungerford, you have got a good bloke in Fitton.
dazza71
02/06/2008 21:12:00
0
Fantastic.
mandrossian
02/06/2008 21:46:00
0
This is great news but remember it doesn't mean more money to spend... Now lets repay them by reaching the 6K mark.
STFC_Gazza
03/06/2008 08:14:00
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P Burton 46 25 10 11 85 20
3 Walsall 46 24 12 10 84 22
4 Millwall 46 24 9 13 81 24
5 Bradford 46 23 11 12 80 15
6 Barnsley 46 22 8 16 74 16
7 Scunthorpe 46 21 11 14 74 13
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12 Port Vale 46 18 11 17 65 -2
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