Vital Football

Latest Swindon Town News

CVA Clarification Expected Tomorrow

CVA Clarification Expected Tomorrow

Swindon Town Football Club are expected to announce how they plan to settle the CVA (Company Voluntary Agreement). The club were due to pay £900.000 on Saturday which was the final payment due.

Tomorrow marks a big day in the clubs history. There are many rumours about saying the club has been talking to a new investor. It could very well be that the club have settled the CVA with funds from new investors or perhaps another cash injunction from Sir Seton Wills.

For many months now the club has said they do not have the funds to pay the final instalment of £900,000 and that they were attempting to renegotiate the CVA.

So far the club released a statement to reassure fans the club has a future however many fans are still nervy and want clarification on how the club plans to sort out the CVA.

Should the club not make the final payment or be unsuccessful in renegotiating the CVA the club could be served with a winding up order.

Should the club be wound up, which we believe to be very unlikely, Chesterfield would be promoted back to League One whilst Torquay United would be promoted back to League Two to level up the divisions.

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






Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football

Writer:Moonraker1969
Date:Monday July 2 2007
Time: 6:35PM

Comments

0
For god's sake let's hope it's not the Wills family. They have been the disease of STFC for years. We need a new board and backer. Get rid of the deadwood.
Wellsy
02/07/2007 20:34:00
Page 1/1
  1. 1

Login to post a comment

Recent Swindon Town Articles

No More Quarter Final Replays For Swindon

Should Swindon Town progress through to an FA Cup quarter final from the 2016/17 season onwards, the game will no longer be subject to a replay.

Swindon Host Reading In Pre-Season

Town face local rivals.

Swindon - FL Dates 2016/17 (23/5/16)

The Football League have released the key dates for the coming 2016/17 season.

Who Will Swindon Face In 2016/17 (22/5/16)

With no matches remaining in the regular 2015/16 campaign, some promotions and relegations in the football pyramid are already known.

Archived Vital Swindon Articles

Vital Swindon articles from

Site Journalists

Shaun Calderwood
Editor email
Profile

Current Poll (see more polls)

Is Lee Power Doing A Good Job At Swindon?
Suggested By:
Yes52%
No48%

League Table

# Team P W D L Pts. GD
C Wigan 46 24 15 7 87 37
P Burton 46 25 10 11 85 20
3 Walsall 46 24 12 10 84 22
4 Millwall 46 24 9 13 81 24
5 Bradford 46 23 11 12 80 15
6 Barnsley 46 22 8 16 74 16
7 Scunthorpe 46 21 11 14 74 13
8 Coventry 46 19 12 15 69 18
9 Gillingham 46 19 12 15 69 15
10 Rochdale 46 19 12 15 69 7
11 Sheff Utd 46 18 12 16 66 5
12 Port Vale 46 18 11 17 65 -2
13 Peterborough 46 19 6 21 63 9
14 Bury 46 16 12 18 60 -17
15 Southend 46 16 11 19 59 -6
16 Swindon 46 16 11 19 59 -7
17 Oldham 46 12 18 16 54 -14
18 Chesterfield 46 15 8 23 53 -12
19 Fleetwood 46 12 15 19 51 -4
20 Shrewsbury 46 13 11 22 50 -21
R Doncaster 46 11 13 22 46 -16
R Blackpool 46 12 10 24 46 -23
R Colchester 46 9 13 24 40 -42
R Crewe 46 7 13 26 34 -37
Latest F1 News
Latest Vital Boxing News

Recent Swindon Town Results (view all)

Swindon Town Fixtures (view all)