Vital Football

Latest Swindon Town News

Statement From Swindon Town F.C

Statement From Swindon Town F.C

Press Release

Friday 1st December 2006

Further to the radio interviews given by Mike Wilkes yesterday morning and the subsequent press release issued by TrustSTFC, the Wills family and Club`s Board wish to make the following statement:

The continued reference to a Fans Consortium appears to be misleading given that Mr Wilkes is stating he has funding available from an unnamed backer, who we understand is American and not a fan of the club. Have the Trust been informed as to the identity of the proposed backer and if so, have they satisfied themselves as to their credentials? If they have not been provided with the identity of the backer or not checked their credentials the Club would have to ask the Trust why they are endorsing a potential bid with so little information.

Mr Wilkes has chosen to make his proposals, such as they are, through the media and no letter or offer document has been sent or provided to Sir Seton Wills. No evidence has been provided to the Wills family or to the Board to suggest there are sufficient funds available to buy the club and service its working capital requirements. The only document that Mr Wilkes has so far provided is a copy of a standard bank reference that does not identify the account holder and gives no indication of the funds being made available to the football club. It falls considerably short of the professional standards we would expect to be associated with a serious potential investor. With the permission of Mr Wilkes we would be prepared to release a copy of the letter to the media to underline our confidence in this opinion.

Furthermore no evidence has been provided to the Board, which suggests Mr Wilkes has, to quote the Trust Press Release, "the wherewithal and the business acumen to stabilise the business and take it forward."



Contrary to the Trust`s claims that the Club is blocking negotiations and moving the goalposts the Wills family have consistently maintained they will discuss a prospective bid with any serious investor once they have presented their credentials and provided absolute proof of funds in a professional manner. Such proof of funds has to incorporate evidence of amounts that such a bidder is prepared to commit to the Club. We would expect that to be included in a formal offer document which would be presented to us, subject to due diligence.

Mr Wilkes continues to issue pre-conditions to negotiations regarding who and who cannot act on behalf of the Wills family in the construction of any deal. It is not for Mr Wilkes or any other group to dictate with whom they will engage in any discussions with the Club. Any deal agreed between the parties would be confirmed in contracts prepared by highly competent lawyers and designed to protect the interests of all concerned. This would be standard practice and obviate concerns Mr Wilkes has about the validity of any agreement.

It should be emphasised that the Wills family are not actively looking to sell the Club. However, they are willing to entertain a credible bid, which will secure its future and take it to the next level. In the meantime they have complete confidence in the current management team who are working closely with Paul Sturrock and his backroom staff to deliver success to The County Ground.


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

Writer:Moonraker1969
Date:Friday December 1 2006
Time: 11:53AM

Comments

0
difficult times it seems wish you well.......
ernshaw
01/12/2006 23:31:00
0
Thank You, I think it will all work out for the best!
STFC_Editor
02/12/2006 09:16:00
0
Thanks 'ernshaw' it will soon be sorted we hope.
APG_STFC
02/12/2006 14:36:00
0
about time the board stopped trying to move the goalposts. The present board have passed their sell by date and need to move over and let fresh blood take us forward.
red_gilly
03/12/2006 15:43:00
0
Let's hope Mr Power is involved with this in someway. This club needs to be taken forward, under the current ownership all we have been doing is free-falling. We don't need mega-investment, a striker would do.
Wellsy
04/12/2006 15:43:00
Page 1/1
  1. 1

Login to post a comment

Recent Swindon Town Articles

More Reliable Than A League 1 Octopus? (22/2/17)

Time for the new special computer that crunches the numbers to determine the final League One positions for 2016/17.

Who Serves A Suspension This Week - 22/2/17

Here's a list of all the players currently serving, or under a suspension at the beginning of the week that will potentially keep them out of contention...

Football League - Fixture Day & 2017/18 Key Dates

The Football League have released the key dates for the coming 2017/18 season, and the all important fixtures will be released on Wednesday June 21 at 9am.

Who Serves A Suspension This Week - 17/2/17

Here's a list of all the players currently serving, or under a suspension at the beginning of the week that will potentially keep them out of contention for an applicable...

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:
Champions3%
Playoffs21%
Mid Table35%
Relegated41%
Don't Know0%

League Table

# Team P W D L Pts. GD
1 Sheff Utd 34 20 8 6 68 26
2 Scunthorpe 33 17 10 6 61 25
3 Fleetwood 34 17 10 7 61 18
4 Bolton 32 17 7 8 58 17
5 Bradford 34 13 16 5 55 12
6 Southend 34 14 11 9 53 10
7 Millwall 33 14 10 9 52 7
8 Peterborough 34 14 8 12 50 3
9 Oxford 32 14 7 11 49 9
10 Rochdale 32 14 6 12 48 2
11 Bristol Rovers 34 12 11 11 47 -2
12 Walsall 34 11 13 10 46 -3
13 Wimbledon 33 10 13 10 43 1
14 Charlton 33 9 15 9 42 5
15 MK Dons 33 11 9 13 42 1
16 Northampton 34 11 7 16 40 -7
17 Gillingham 34 9 12 13 39 -9
18 Shrewsbury 34 10 8 16 38 -12
19 Bury 34 10 7 17 37 -10
20 Oldham 34 8 12 14 36 -12
21 Port Vale 32 8 10 14 34 -17
22 Swindon 34 8 9 17 33 -16
23 Chesterfield 34 7 7 20 28 -25
24 Coventry 33 5 10 18 25 -23
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)

Feb 28 2017 7:45PM : Gillingham (H)
Sky Bet League One
Mar 4 2017 3:00PM : Chesterfield (H)
Sky Bet League One
Mar 11 2017 3:00PM : Port Vale (a)
Sky Bet League One
Mar 14 2017 7:45PM : Sheffield United (H)
Sky Bet League One
Mar 18 2017 3:00PM : Bradford City (a)
Sky Bet League One
Mar 25 2017 1:30PM : Millwall (H)
Sky Bet League One

Vital Members League Table

RankNamePoints
1.Supremegaz1
The Vital Football Members League