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

Login to post a comment

Recent Swindon Town Articles

EFL Goal Of 2016 Contenders Named

Ten EFL professional footballers find themselves nominated for the treasured Goal Of The Year gong for 2016.

More Reliable Than A League 1 Octopus? (21/3/17)

Time for the new special computer that crunches the numbers to determine the final League One positions for 2016/17.

Safe Standing Takes Another Step

Last weekend the EFL contacted League One and Two clubs and informed them that they had the choice of whether or not to introduce the new 'rail seats' that are a topic...

Who Serves A Suspension This Week - 14/3/17

Here's a list of all the players currently serving, or under a suspension at the beginning of the week that will potentially keep them out of...

Archived Vital Swindon Articles

Vital Swindon articles from

Site Journalists

Write for Vital Swindon
Write For Vital Swindon
Apply Here

Current Poll (see more polls)

Where do you think Swindon Town will finish in 2016/17?
Suggested By:
Champions3%
Playoffs20%
Mid Table32%
Relegated45%
Don't Know0%

League Table

# Team P W D L Pts. GD
1 Sheff Utd 38 23 9 6 78 30
2 Bolton 38 21 9 8 72 26
3 Fleetwood 38 19 11 8 68 19
4 Bradford 39 16 18 5 66 16
5 Scunthorpe 39 18 10 11 64 20
6 Southend 38 16 12 10 60 11
7 Millwall 37 16 12 9 60 9
8 Bristol Rovers 39 15 12 12 57 0
9 Oxford 38 16 7 15 55 5
10 Rochdale 37 15 9 13 54 4
11 Walsall 39 13 14 12 53 -2
12 Peterborough 39 14 10 15 52 0
13 Wimbledon 38 12 15 11 51 3
14 Northampton 39 14 7 18 49 -6
15 Charlton 39 10 17 12 47 3
16 MK Dons 38 12 11 15 47 -1
17 Bury 39 12 9 18 45 -7
18 Gillingham 39 11 12 16 45 -16
19 Oldham 39 10 14 15 44 -12
20 Shrewsbury 38 11 10 17 43 -12
21 Port Vale 37 10 11 16 41 -17
22 Swindon 39 9 9 21 36 -19
23 Chesterfield 39 8 9 22 33 -26
24 Coventry 39 6 11 22 29 -28
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent Swindon Town Results (view all)

Swindon Town Fixtures (view all)

Mar 25 2017 1:30PM : Millwall (H)
Sky Bet League One
Apr 1 2017 3:00PM : Fleetwood Town (a)
Sky Bet League One
Apr 8 2017 3:00PM : Milton Keynes Dons (H)
Sky Bet League One
Apr 14 2017 3:00PM : AFC Wimbledon (H)
Sky Bet League One
Apr 17 2017 3:00PM : Walsall (a)
Sky Bet League One
Apr 22 2017 3:00PM : Scunthorpe United (H)
Sky Bet League One
Write for Vital Football