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
Josh Lelan Loan Could Be Longer Term (Sunday July 27 2014)
Swindon Town Sign Anton Rodgers (Thursday July 17 2014)
Alex Pritchard Joins Brentford On Loan (Thursday July 17 2014)
Ryan Harley Back To Exeter City? (Wednesday July 16 2014)
Swindon Set To Sign Brendan Rodgers Son Anton (Tuesday July 15 2014)
Swindon Turn Down Rotherham Luongo Bid (Tuesday July 15 2014)
Ward And Harley Finished At Swindon Town? (Friday July 11 2014)
Newcastle United Starlet Heading To Swindon? (Friday July 11 2014)
McEveley Links Up With MK Dons (Wednesday July 9 2014)
Storey Completes Pompey Switch (Wednesday July 9 2014)
|21. Sheff Utd||0||0||0||0||0||0|
|Blades Beaten By Terriers
» Sheff Utd : 30/07/2014 09:55:00
|Midfielder Unlikely To Sign
» Yeovil : 30/07/2014 09:00:00
|O's Hold QPR
» Leyton Orient : 29/07/2014 22:21:00
|Pressley Hails Signing of 'First Class' Tudgay
» Coventry : 29/07/2014 21:04:00
|Spotlight On…Notts County
» Peterborough : 29/07/2014 20:00:00