UK time is: 06:55:15
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

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









Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!

The Journalist

Writer: Moonraker1969 Mail feedback, articles or suggestions

Date:Monday July 2 2007

Time: 6:35PM

Your Comments

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
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Swindon Town Articles

Stats: Swindon Town v Oldham Athletic (Wednesday September 17 2014)

Bradford Manager On Swindon Loss (Sunday September 14 2014)

COOPER: Bradford Reaction (Sunday September 14 2014)

Stats: Bradford City v Swindon Town (Saturday September 13 2014)

VITAL PREVIEW: Bradford City (Saturday September 13 2014)

Agombar Heading Out On Loan To Hereford (Thursday September 11 2014)

Alan Navarro Announces Retirement (Monday September 1 2014)

Archived Swindon Town Articles

List All Vital Swindon Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

League Results (view all)

Latest Results
Crawley 1 - 0 Swindon
Swindon 3 - 1 Scunthorpe
Swindon 2 - 2 Oldham
Swindon 2 - 0 Crewe
Swindon 1 - 1 Coventry
Gillingham 2 - 2 Swindon

League Table (view table)

Team P W D L GD Pts
4. MK Dons 7 4 1 2 5 13
5. Bradford 8 4 1 3 2 13
6. Sheff Utd 7 4 1 2 2 13
7. Swindon 7 3 3 1 4 12
8. Fleetwood 8 3 3 2 2 12
9. Coventry 8 3 3 2 1 12
10. Gillingham 8 3 2 3 -1 11

Breaking League News

Team News: North End v Crawley
Preston : 19/09/2014 21:11:00
Team News: Gillingham v Walsall
Gillingham : 19/09/2014 21:09:00
Team News: Colchester v Bradford
Bradford : 19/09/2014 21:08:00
DRFC New date for Rovers clash at Barnsley
Doncaster : 19/09/2014 21:00:00
Hoskins Leaves On Loan
Yeovil : 19/09/2014 19:35:00

Current Site Poll (view all polls)

Are you happy with the signing of Jonathan Obika?
Suggested By:  
Yes 20%
No 40%
Unsure 40%