UK time is: 21:58:32
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Swindon Sorting Out Cash Woes

Swindon Town's acting chief executive Maryn Starnes has told Swindon Town fans, 'we are managing the situation.' In regards to the CVA Payments due.

Explaining the reasons behind not revealing that the CVA payment for 100,000 had not been made, Starnes stated, 'The situation is that back in June when the payment was due we had the money available to pay, it is still available to pay, but we were already starting to think about the 900,000 payment.'

Starnes revealed that the main reason the club did not reveal why the payment was not made was on the advice of the administrators who have been in charge of ensuring Swindon keep up to date with payments. 'The advice we were given in the summer was that potentially we could roll that 100,000 due this year into a refinancing package with the 900,000.' Starnes said.

Many fans have been wondering what has happened to the 1 Million that former investor Bill Power had put into the club. Starnes has answered that question. 'The bottom line is that the money Bill put in was used to pay bills and effectively it was used to finance the losses.' Starnes finished.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!


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

The Journalist

Writer: Moonraker1969 Mail feedback, articles or suggestions

Date:Thursday November 30 2006

Time: 11:08AM

Your Comments

I am so full of confidence now (not!!!!!!!!!!!!!!!!!!!!)
red_gilly
keep believing
ernshaw
It makes you wonder who does what out there. I can see it one day, mid-match the floodlights going off cos they ain't paid the Electric Bill.
APG_STFC
We always get out of trouble, I'm not worrying.
STFC_Editor
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Articles

Swindon's Season Could End Monday (Sunday April 20 2014)

Swindon Beat Coventry 2-1 (Saturday April 19 2014)

Staines Town Defender To Join Swindon (Thursday April 17 2014)

Kasim Done For The Season (Wednesday April 16 2014)

Kasim A Doubt For Swindon (Thursday April 10 2014)

FA To Ban Gambling (Thursday April 10 2014)

Hall To Return This Weekend (Tuesday April 8 2014)

Archived Articles

List All Vital Swindon Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

League Results (view all)

Latest Results
Coventry 1 - 2 Swindon
Swindon 1 - 0 Brentford
Carlisle 1 - 0 Swindon
Swindon 2 - 1 Sheff Utd
Tranmere 1 - 2 Swindon
Swindon 1 - 0 Preston

League Table (view table)

Team P W D L GD Pts
4. Rotherham 43 22 13 8 26 79
5. Preston 43 21 16 6 22 79
6. Peterborough 43 21 4 18 9 67
7. Swindon 43 18 9 16 6 63
8. Port Vale 43 18 6 19 -12 60
9. Sheff Utd 42 16 11 15 0 59
10. MK Dons 43 17 7 19 0 58

Breaking League News

Swindon's Season Could End Monday
Swindon : 20/04/2014 21:01:00
A Busy Summer For MK Dons
MK Dons : 20/04/2014 19:19:00
Team News v Coventry
Oldham : 20/04/2014 17:57:00
Team News v Brentford
MK Dons : 20/04/2014 17:51:00
Team News v Walsall
Gillingham : 20/04/2014 17:44:00
Team News v Notts County
Crawley : 20/04/2014 17:36:00
Team News v Peterborough
Carlisle : 20/04/2014 17:31:00

Current Site Poll (view all polls)

Should Mark Cooper be given another season?
Suggested By:  
Yes 20%
No 80%