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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.

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

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# Team P W D L Pts. GD
P Wigan 45 24 15 6 87 40
2 Burton 45 25 9 11 84 20
3 Walsall 45 23 12 10 81 17
4 Millwall 45 23 9 13 78 23
5 Bradford 45 22 11 12 77 13
6 Barnsley 45 21 8 16 71 13
7 Scunthorpe 45 20 11 14 71 11
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10 Sheff Utd 45 18 12 15 66 7
11 Rochdale 45 18 12 15 66 6
12 Port Vale 45 18 11 16 65 3
13 Peterborough 45 18 6 21 60 5
14 Southend 45 16 11 18 59 -5
15 Bury 45 15 12 18 57 -18
16 Swindon 45 15 11 19 56 -10
17 Oldham 45 12 18 15 54 -12
18 Chesterfield 45 15 8 22 53 -10
19 Shrewsbury 45 13 11 21 50 -18
20 Fleetwood 45 11 15 19 48 -6
21 Blackpool 45 12 10 23 46 -19
22 Doncaster 45 11 12 22 45 -16
R Colchester 45 9 13 23 40 -41
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