UK time is: 16:41:16
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

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.





Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



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

The Journalist

Writer: Nellup  Mail feedback, articles or suggestions

Date:Monday November 16 2009

Time: 1:19PM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Swindon Town Articles

FA CUP: Swindon Get Cheltenham (Tuesday October 28 2014)

Colchester Hold Swindon (Sunday October 26 2014)

Swindon's Lee Marshall Signs Pro Forms (Saturday October 25 2014)

Swindon's Waldon Heads To Maidenhead (Saturday October 25 2014)

Brad Smith Re-Called By Liverpool (Monday October 20 2014)

Tranmere Sign Swindon Striker On Loan (Friday October 10 2014)

Swindon Open Contract Negotiations (Tuesday October 7 2014)

Archived Swindon Town Articles

List All Vital Swindon Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

League Results (view all)

Latest Results
Swindon 5 - 2 Sheff Utd
Swindon 2 - 0 Crewe
Swindon 1 - 1 Coventry
Gillingham 2 - 2 Swindon
Chesterfield 0 - 3 Swindon
Bradford 1 - 2 Swindon

League Table (view table)

Team P W D L GD Pts
1. Bristol City 15 9 6 0 +15 33
2. Preston 14 9 4 1 +15 31
3. Swindon 14 7 5 2 +13 26
4. Notts County 14 7 5 2 +9 26
5. Peterborough 15 8 2 5 +7 26
6. Sheff Utd 14 8 2 4 +4 26
7. Oldham 15 6 7 2 +6 25

Breaking League News

Sheffield Wednesday Striker Makes City Return
Coventry : 30/10/2014 12:02:00
Burton makes York move
Scunthorpe : 30/10/2014 10:32:00
Clive Platt Retires
Walsall : 30/10/2014 10:16:00
Blades Host Southampton
Sheff Utd : 30/10/2014 09:45:00
Leyton Orient 0-2 Preston North End
Preston : 30/10/2014 09:44:00

Current Site Poll (view all polls)

Are you happy with the signing of Jonathan Obika?
Suggested By:  
Yes 38%
No 37%
Unsure 25%