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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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The Journalist

Writer: Moonraker1969 Mail feedback, articles or suggestions

Date:Monday June 2 2008

Time: 9:42AM

Your Comments

This is the best news that any Swindon Town fan could have ever asked for...Well done Mr Fitton.
Wellsy
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
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
Fantastic.
mandrossian
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
 

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