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.
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Date:Monday July 2 2007
Ben Gladwin Joins Luongo At QPR (Thursday May 28 2015)
Massimo Luongo Completes QPR Move (Thursday May 28 2015)
Swindon's Wes Foderingham Speaking To Reading (Thursday May 28 2015)
Cameron Belford Signs For Wrexham (Wednesday May 27 2015)
Former Swindon Town Manager Andy King Dies (Wednesday May 27 2015)
Swindon's Ben Gladwin Having QPR Medical (Wednesday May 27 2015)
Cameron Belford Leaves Swindon Town (Tuesday May 26 2015)
Stephens & Turnbull Won't Return To Swindon (Tuesday May 26 2015)
Vital Swindon's Predicted Swindon Town Retained List (Tuesday May 26 2015)
George Barker Apparently Confirms Swindon Release (Tuesday May 26 2015)
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