Date:Monday July 2 2007
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
Date:Monday July 2 2007
Brentford Interested In Swindon's Massimo Luongo (Monday January 26 2015)
Cardiff Bid For Swindon's Massimo Luongo? (Sunday January 25 2015)
Jed McCrory's Case To Own Swindon Town Dismissed (Saturday January 24 2015)
Swindon V Bradford Date Confirmed (Friday January 23 2015)
Swindon's Gladwin To Miss 4 Weeks? (Wednesday January 21 2015)
Miles Storey To St. Mirren? (Wednesday January 21 2015)
Northampton Pull Out Of Storey Loan (Wednesday January 21 2015)
Swindon To Extend Jack Stephens Loan Until Summer (Tuesday January 20 2015)
Chesterfield Manager Wants Swindon Promotion (Sunday January 18 2015)
Stats: Swindon Town v Chesterfield (Saturday January 17 2015)
|2. Bristol City||25||16||6||3||+26||54|
|3. MK Dons||25||15||6||4||+29||51|
|Team News: Scunthorpe v MK Dons
» Scunthorpe : 27/01/2015 09:49:00
|Team News - Chesterfield v Crawley
» Crawley : 27/01/2015 09:43:00
|Bradshaw ''Its Something You Dream About As A Kid'
» Walsall : 27/01/2015 08:31:00
|2018 Euros Coming To Walsall?
» Walsall : 27/01/2015 08:24:00
» Rochdale : 26/01/2015 21:52:00