Date:Thursday June 7 2007
Former Swindon Town investor Bill Power is prepared to go to Court to reclaim £1.2M he says he loaned the club during his tenure at the County Ground, however the club have stated the money Power gave to the club was for shares.
Power, the leader of the Fans Consortium has set an ultimatum down saying the club have to admit the money he put in was a loan or he will go to the courts to reclaim his money.
The Gazette newspaper is claiming that Power has set a timeline for this to happen otherwise Power will start legal proceedings against Swindon Town Football Club which will almost certainly bankrupt the club if the courts award in Power`s favour
'They have got one option, either agree it is a loan, or the club will go bankrupt' Power is quoted as saying.
The club and Power were discussing an NDA agreement to start discussions on Power taking over the football club however nothing has been said for some time on this front.
The stakes have just been raised higher by the Fans Consortium it appears it is now do or die time, lets hope both parties can come to some sort of agreement that will ensure the long term future of the football club.
GET INVOLVED AT VITAL SWINDON TOWN 100% FREE!!
With news and views, along with a forum, polls and article comments, everything you need in a fans site is right here!
Vital Swindon Town is also 100% interactive. Not only can you have your say on the articles and the forum but you can also suggest an article or a poll so you can air your views.
It's easy to register here and enjoy getting involved
Date:Thursday June 7 2007
Swindon Release Five Youth Team Players (Thursday March 26 2015)
Swindon Give Young Duo First Pro Deals (Thursday March 26 2015)
Barker And Barthram On Trial At Exeter City (Thursday March 26 2015)
Ex-Swindon Midfielder Ryan Mason Gets England Call (Monday March 23 2015)
Swindon Town Sign Sam Ricketts (Saturday March 21 2015)
Four Swindon Players Called Up To England U20's (Thursday March 19 2015)
Colchester V Swindon Match Moved (Thursday March 19 2015)
Sam Ricketts Set To Sign For Swindon (Thursday March 19 2015)
Former Swindon Loanee To Get Spurs Shot (Wednesday March 18 2015)
Stats: Doncaster Rovers v Swindon Town (Wednesday March 18 2015)
|1. Bristol City||38||25||8||5||+41||83|
|4. MK Dons||38||20||9||9||+36||69|
|5. Sheff Utd||38||17||10||11||+12||61|
|Crewe ready for Blades test
» Crewe : 27/03/2015 16:25:01
|Davis decides against another keeper
» Crewe : 27/03/2015 16:17:01
|Clough On Crewe & Squad Management
» Sheff Utd : 27/03/2015 15:58:00
|Robins Expects Tough Notts County Match
» Scunthorpe : 27/03/2015 15:51:01
|Yeovil Will Be Tough - Hill
» Rochdale : 27/03/2015 15:36:01