Date:Monday November 16 2009
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!
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.
Date:Monday November 16 2009
Swindon's Harley Trains With Exeter City (Monday September 29 2014)
Obika Out For Up To 12 Weeks (Monday September 29 2014)
COOPER: Barnsley Reaction (Sunday September 28 2014)
Swindon's Obika Could Be Out Long Term (Sunday September 28 2014)
Stats: Barnsley v Swindon Town (Sunday September 28 2014)
Preston North End Match Postponed (Friday September 26 2014)
Swindon Defender Joins Bognor Regis (Friday September 26 2014)
Swindon Sign Birmingham Defender Bell (Friday September 26 2014)
COOPER: Sheffield United Reaction (Sunday September 21 2014)
Stats: Swindon Town v Sheffield United (Sunday September 21 2014)
|1. Bristol City||10||7||3||0||+12||24|
|4. MK Dons||9||5||1||3||+9||16|
|7. Sheff Utd||9||5||1||3||+0||16|
|Boss Has No International Ambitions
» Oldham : 01/10/2014 20:58:00
|Boss Keane To Keep Keith
» Crawley : 01/10/2014 20:54:00
|Posh v Latics - Predictions
» Peterborough : 01/10/2014 20:24:00
|Sting in the Tail for CCFC
» Coventry : 01/10/2014 20:12:00
|Bradshaw On Wales Standby
» Walsall : 01/10/2014 18:59:00