Vital Football

Latest Swindon Town News

STFC Release Matt Ritchie Statement

STFC Release Matt Ritchie Statement

Swindon Town FC have released a statement to address those fans disappointed in the sake of Matt Ritchie to promotion rivals AFC Bournemouth.

THE STFC Board acknowledge the disappointment expressed by many fans over the sale of Matt Ritchie to AFC Bournemouth yesterday but it is important that the sale of Matt Ritchie is put into context.

As everyone is fully aware, following the requirement to seek new owners for the club, Swindon Town FC faced the very serious prospect of administration, had it not been successful in securing new investors in an incredibly compressed time frame. Within this time frame a new consortium has been identified and yesterday evening contracts were exchanged for the sale of the majority shareholding. There now follows a brief period whilst the new owners await Football League approval under the Owners & Directors Test and during this period of time the club requires funding. A joint decision was taken between the current and prospective new owners to sell Matt Ritchie in order to meet this funding requirement.

The alternative to not securing new owners and securing short term funding would have seen a significant restructure to the Club and the possibility administration. As such, the club`s long term survival and wellbeing had to be the priority.

Losing Matt Ritchie from Paolo Di Canio`s Championship challenging side is very disappointing but the prospective new owners of the club remain committed to supporting Paolo Di Canio and assisting him with the quest to achieve promotion to the Championship at the end of the season.

Vital Swindon Town on: facebook

Vital Swindon Town on: twitter

Join Vital Swindon Town
It's easy to REGISTER HERE, simply click the link and enjoy getting involved!


Join The Vital Debate



Click here to join in the debate on the club forum.

Writer:Shaun Calderwood
Date:Thursday January 31 2013
Time: 12:44PM

Login to post a comment

Best of Vital Network

Recent Swindon Town Articles

FA End Betting Sponsorship

Late yesterday afternoon, the Football Association announced the result of its three month review of their relationship with gambling companies and that association now comes to an end.

Sky Confirm TV Selection Windows For 2017/18

With the release of the EFL fixture lists on Wednesday morning, Sky Sports have released their outline giving fans an idea of when television selections will be made this season.

2017/18 Final Weekend Details

With the release of the Premier League fixtures last week and last Wednesday seeing the EFL following suit, the full details for the final weekends across...

30 Minute Halves - No Rebounds On Penalties?

The International Football Association Board are investigating a variety of rule book changes when it comes to the future of football.

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:
Champions7%
Playoffs16%
Mid Table28%
Relegated48%
Don't Know1%
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Swindon Town Results (view all)

Swindon Town Fixtures (view all)

The Vital Football Members League