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TOWN IN CRISIS?

TOWN IN CRISIS?

A report in The Guardian newspaper has stated that the property company St. Modwen, many will recall that they were employed to develop ideas for a new stadium under the previous regime, who want the repayment of a £2.45million loan given to the club in 2005.

This will be the latest setback current Town chairman Andrew Fitton and his board have experienced since saving the club from that previous regime.

Swindon Town have promised a statement will be released later on today but until then Town fans will have that familiar feel of uncertainty placed in front of them YET AGAIN. In truth this feeling has never disappeared because anyone who has followed Town in the last decade (and more) will know that whenever promise emerges then Town's murky past appears almost immediately afterwards.

Administration? Extinction? Something out of nothing? Mr. Fitton & Co faces a busy 48 hours to reassure the fans and/or keep this club alive.

the League One football club, faces a winding-up order from the quoted property company St Modwen tomorrow over the non-repayment of a £2.45m loan dating back to 2005



Click here to join in the debate on the club forum.

Writer:Nellup
Date:Monday November 16 2009
Time: 10:51AM

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