Date:Monday January 17 2011
Swindon Town have won their court appeal against former consultant Mike Diamandis.
In a statement released on the official Swindon Town website, the club announced:
'In the late spring of this year, Michael Diamandis instructed a firm of solicitors to serve a writ upon the club, claiming that he was owed significant sums of money in relation to a consultancy agreement dating back to 2002 and for a range of Dunwoody Marketing invoices, allegedly for services provided to the club between 2002 and 2008.
'Despite requests for evidence to support the claim, none was forth coming until the club was served with a winding up petition.
'Upon receipt of the winding up petition, the club was forced into a situation where it had to engage the services of professional legal advisors, at significant cost to the club.
'The case was heard in the High Courts of Justice in August and the judge, very surprisingly, found in favour of Michael Diamandis.
'The club immediately lodged an appeal against this judgement, which was granted but required the club to place £300,000 into court.
'Endless management time and legal costs have been expended in the period leading up to the appeal, preparing additional evidence and submissions as well as responding to counter claims from the other side.
'The appeal was heard today Monday 17th January 2011 and the club is pleased to announce that the Appeal Court judges found entirely in the club`s favour, dismissing Michael Diamandis` winding up petition.
'Furthermore, the judge instructed that the monies placed into court by the club be released and the club was awarded costs (on a conditional basis) which it will now seek to re-claim from the other side.
'For Swindon Town FC this has been a very time demanding and costly exercise but hopefully the final vestiges of the club`s previous history of mismanagement.'
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 January 17 2011
Stats: Swindon Town v Oldham Athletic (Wednesday September 17 2014)
Bradford Manager On Swindon Loss (Sunday September 14 2014)
COOPER: Bradford Reaction (Sunday September 14 2014)
Stats: Bradford City v Swindon Town (Saturday September 13 2014)
VITAL PREVIEW: Bradford City (Saturday September 13 2014)
Agombar Heading Out On Loan To Hereford (Thursday September 11 2014)
With Swindon Off, We Laugh At Oxford And Rovers (Monday September 8 2014)
Norwich Confirm Signing Of Louis Thompson (Monday September 1 2014)
Swindon Bring Back Stephens From Southampton (Monday September 1 2014)
Alan Navarro Announces Retirement (Monday September 1 2014)
|4. MK Dons||7||4||1||2||5||13|
|6. Sheff Utd||7||4||1||2||2||13|
|Dons linked with Baker
» MK Dons : 18/09/2014 22:30:00
|DRFC Doncaster v Chesterfield Team News
» Doncaster : 18/09/2014 19:00:00
|Striker agrees deal
» Crewe : 18/09/2014 18:58:00
» Fleetwood : 18/09/2014 17:34:00
|Mathieson In Charge of Fleetwood v City
» Bristol City : 18/09/2014 17:33:00