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Swindon Town Takeover Statement

Swindon Town Takeover Statement

THE Board of Swindon Town FC are pleased to announce its majority shareholder Andrew Black has today exchanged contracts with a consortium to acquire the Club. Completion of the sale is dependent upon approval from the Football League, which we hope to obtain in the next few days.

Upon completion, most of the Club`s existing debt will be written off, the threat of administration will be avoided and Paolo Di Canio and the squad will be able to concentrate on football and the challenge of making Swindon a Championship club next season.

Chairman Sir William Patey commented: "This is an important day for the Club, with the current owners writing off most of their debts and the new consortium`s funding, the Club has a strong financial base to continue the battle for Championship football. I look forward to updating you with more details as soon the deal receives Football League approval."

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Writer:Shaun Calderwood
Date:Thursday January 31 2013
Time: 2:57AM

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League Table

# Team P W D L Pts. GD
1 Burton 30 20 3 7 63 17
2 Walsall 29 16 8 5 56 17
3 Wigan 30 15 10 5 55 21
4 Gillingham 30 16 7 7 55 19
5 Coventry 30 13 10 7 49 16
6 Millwall 29 14 5 10 47 9
7 Southend 29 13 8 8 47 6
8 Peterborough 29 13 5 11 44 13
9 Port Vale 31 12 8 11 44 -1
10 Barnsley 29 13 3 13 42 6
11 Sheff Utd 29 11 9 9 42 4
12 Bradford 28 11 8 9 41 -3
13 Scunthorpe 28 11 5 12 38 -4
14 Rochdale 28 10 7 11 37 -2
15 Bury 28 10 7 11 37 -7
16 Doncaster 29 9 9 11 36 -4
17 Swindon 30 10 6 14 36 -5
18 Blackpool 29 9 6 14 33 -7
19 Chesterfield 30 9 3 18 30 -12
20 Shrewsbury 30 8 6 16 30 -15
21 Fleetwood 28 7 8 13 29 -3
22 Crewe 29 6 8 15 26 -20
23 Oldham 27 4 12 11 24 -13
24 Colchester 29 5 7 17 22 -32
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