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
STFC: Swindon Sign Nicky Ajose (Wednesday September 2 2015)
STFC: Former Oxford Striker Joins Swindon (Wednesday September 2 2015)
STFC: Swindon Sign Wes Thomas On Loan (Wednesday September 2 2015)
STFC: Michael Smith Joins Barnsley (Wednesday September 2 2015)
STFC: Storey Joins SPL Club Inverness CT (Tuesday September 1 2015)
STFC: Byrne Leaves Swindon For Wolves (Tuesday September 1 2015)
STFC: Swindon Agreed Byrne Fee With Wolves (Monday August 31 2015)
STFC: Storey Set To Join Inverness (Monday August 31 2015)
Stats: Swindon Town v Sheffield United (Monday August 31 2015)
STFC: Byrne Rejects New Swindon Contract (Thursday August 27 2015)
|Walsall v Bury - Preview
» Walsall : 03/09/2015 11:23:00
|Walsall Sign Isaiah Osbourne
» Walsall : 03/09/2015 10:11:01
|City Gear Up For Televised Test
» Coventry : 03/09/2015 10:07:00
» Sheff Utd : 03/09/2015 08:17:00
|PWU Latics Podcast - Started Alright
» Wigan : 02/09/2015 23:43:01