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.

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


difficult times it seems wish you well.......
01/12/2006 23:31:00
Thank You, I think it will all work out for the best!
02/12/2006 09:16:00
Thanks 'ernshaw' it will soon be sorted we hope.
02/12/2006 14:36:00
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.
03/12/2006 15:43:00
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.
04/12/2006 15:43:00
Page 1/1
  1. 1

Login to post a comment

Recent Swindon Town Articles

No More ******* Bad Language - EFL

The Football League, or EFL for those with a rebrand nature, have called on fans across the country to say no to 'starry' language or no more...

Vigouroux In Team Of Midweek (22/10/16)

Swindon Town are represented in the latest Football League team of the week that has been selected after this midweek's action.

FA Cup First Round Proper - Full Draw (17/10/16)

The draw for the first round of the FA Cup took place earlier this evening.

Vigouroux In Team Of The Week (17/10/16)

Swindon Town are represented in the latest Football League team of the week that has been selected after this week's action.

Archived Vital Swindon Articles

Vital Swindon articles from

Site Journalists

Shaun Calderwood
Editor email

Current Poll (see more polls)

Where do you think Swindon Town will finish in 2016/17?
Suggested By:
Mid Table30%
Don't Know0%

League Table

# Team P W D L Pts. GD
1 Scunthorpe 15 9 4 2 31 17
2 Bradford 15 6 8 1 26 7
3 Sheff Utd 14 7 4 3 25 7
4 Bolton 14 7 4 3 25 5
5 Bristol Rovers 14 6 5 3 23 3
6 Wimbledon 15 6 5 4 23 3
7 Port Vale 15 6 4 5 22 -2
8 Northampton 15 5 6 4 21 3
9 Rochdale 15 6 3 6 21 0
10 Peterborough 15 5 5 5 20 6
11 Bury 14 6 2 6 20 2
12 Walsall 14 5 5 4 20 -1
13 Fleetwood 14 5 4 5 19 2
14 Oxford 15 5 4 6 19 -1
15 Southend 15 5 4 6 19 -7
16 Millwall 14 5 3 6 18 -3
17 Charlton 14 3 8 3 17 3
18 Gillingham 15 4 5 6 17 -6
19 MK Dons 15 4 4 7 16 -4
20 Swindon 15 4 4 7 16 -4
21 Coventry 14 3 6 5 15 -4
22 Oldham 15 3 6 6 15 -8
23 Chesterfield 14 3 3 8 12 -5
24 Shrewsbury 15 2 4 9 10 -13
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)

Oct 29 2016 3:00PM : Scunthorpe United (a)
Sky Bet League One
Nov 12 2016 12:00PM : Charlton Athletic (H)
Sky Bet League One
Nov 19 2016 3:00PM : Rochdale (a)
Sky Bet League One
Nov 22 2016 7:45PM : Southend United (a)
Sky Bet League One
Nov 26 2016 3:00PM : Bradford City (H)
Sky Bet League One
Dec 10 2016 3:00PM : Sheffield United (a)
Sky Bet League One

Vital Members League Table

The Vital Football Members League