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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 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
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