Vital Football

Latest Swindon Town News

STATEMENT: Club React to St. Modwen Article

STATEMENT: Club React to St. Modwen Article

Swindon Town officials have issued a statement in reaction to the article published in the Guardian newspaper in reference to an unpaid debt to the construction company St. Modwen.

The statement as published on the official Swindon Town website is as follows...

'The club is aware of the press article in today's Guardian newspaper. Swindon Town Football Company Limited's Financial Statements for the period to 31st May 2009 clearly show this matter as subject to a dispute between the two parties.

This matter referred to dates back to 2003 when the Club's former holding company established a joint venture company, Shaw Park Developments Ltd, with St. Modwen.

Discussions with the parties have been ongoing for some time now and though no resolution has been reached the Club will continue to use all endeavours to bring the matter to satisfactory conclusion.'


---

Way back in December 2007 when Andrew Fitton declared his consortium takeover 'dead' the Swindon Evening Advertiser claimed that Swindon Town's owners saw 'the major hurdle' of the negotiations as the 'repayment of the interest from a £2.8million loan to St Modwen'. Fitton responded by stating that if the club believed 'that the breakdown was down to a loan owed to St Modwen then they are more deluded than I thought.'

Quotes from Fitton in that same month include 'St Modwen are not the issue' when indicating that the Bill Power saga was more of a problem and that St. Modwen were certainly not holding us to ransom'.

Two years on and it seems that St Modwen taking this to press indicates that they are certainly beginning a war with the club.

More to follow...

Join Vital Swindon!

It's easy to register , simply click the link and enjoy getting involved (you can even win prizes!)

Message Board To visit the message board, click here. Get involved

This website is your website and we are looking for people to help run the site. Do you go to most of the games and have an opinion? Why not write a match report? Perhaps you are a budding journalist or even just someone who is very opinionated? Well why not join our team? If this interests you please contact Vital Swindon.




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

Writer:Nellup
Date:Monday November 16 2009
Time: 1:19PM

Best of Vital Network

-

Login to post a comment

Recent Swindon Town Articles

League Cup Round 2 Draw Later Tonight

The draw for round two of this year's League Cup competition will take place at around 10pm tonight following the Luton Town v Aston Villa match.

Kasim In Team Of The Week (9/8/16)

Swindon Town are represented in the first Football League team of the week that has been selected after this week's action.

Swindon Town Sign Striker Norris From Gills

Swindon Town confirm striker signing.

Swindon Release Squad 2016/17 Squad Numbers

Your 2016/17 Swindon Town squad.

Archived Vital Swindon Articles

Vital Swindon articles from

Site Journalists

Shaun Calderwood
Editor email
Profile

Current Poll (see more polls)

Where do you think Swindon Town will finish in 2016/17?
Suggested By:
Champions1%
Playoffs16%
Mid Table50%
Relegated33%
Don't Know0%

League Table

# Team P W D L Pts. GD
1 Bolton 4 4 0 0 12 4
2 Scunthorpe 4 3 1 0 10 8
3 Bradford 4 3 1 0 10 4
4 Chesterfield 4 2 1 1 7 3
5 Charlton 4 2 1 1 7 2
6 Port Vale 4 2 1 1 7 2
7 MK Dons 4 2 1 1 7 1
8 Millwall 4 2 1 1 7 0
9 Swindon 4 2 1 1 7 0
10 Gillingham 4 2 1 1 7 -2
11 Peterborough 4 2 0 2 6 3
12 Fleetwood 4 1 2 1 5 1
13 Oldham 4 1 2 1 5 -2
14 Bury 4 1 1 2 4 0
15 Northampton 4 0 4 0 4 0
16 Southend 4 1 1 2 4 -1
17 Walsall 4 1 1 2 4 -1
18 Bristol Rovers 4 1 1 2 4 -2
19 Oxford 4 1 1 2 4 -2
20 Shrewsbury 4 1 1 2 4 -3
21 Coventry 4 0 2 2 2 -3
22 Rochdale 4 0 1 3 1 -3
23 Wimbledon 4 0 1 3 1 -4
24 Sheff Utd 4 0 1 3 1 -5
Latest F1 News
Latest Vital Boxing News

Recent Swindon Town Results (view all)

Swindon Town Fixtures (view all)