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
Staines Town Defender To Join Swindon (Thursday April 17 2014)
Stephens Would Love a To Return To Swindon. (Wednesday April 16 2014)
Kasim Done For The Season (Wednesday April 16 2014)
Swindon Spoil Brentford's Promotion Party (Sunday April 13 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)
Tim Sherwood Link Likely To Resurface (Tuesday April 8 2014)
Pritchard Returns For Swindon (Saturday April 5 2014)
Grant Hall Returns To Swindon (Monday March 31 2014)
|8. MK Dons||42||17||7||18||1||58|
|9. Port Vale||42||17||6||19||-13||57|
|Management Respond To Tranmere Victory
» Crawley : 17/04/2014 23:47:00
|Coventry City 1992/93 - Alive and Kicking (Part 9)
» Coventry : 17/04/2014 21:57:00
|SUFC Sheffield United Greatest Ever
» Sheff Utd : 17/04/2014 21:46:00
|RUFC - Soon Be Time To Sort Out Contracts
» Rotherham : 17/04/2014 19:01:00
|Ref Watch: Bantams v Posh - Sky Bet League One
» Peterborough : 17/04/2014 19:00:00
|Blades to put another nail in Stevenage coffin?
» Sheff Utd : 17/04/2014 18:00:00
|Easter Part 1 - Crawley (A)
» Leyton Orient : 17/04/2014 17:18:00