UK time is: 06:49:30
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

New Owners To Take Over Swindon

Swindon Town will be taken over by a new consortium within the next 8 weeks and will have the money to take the club forward.

Bob Holt has stated that the club finally feels they have found the solution to secure the clubs long term future and be able to disperse the dark financial clouds which have hung over the football club for years.

This development should mean the club can afford to meet their financial obligations and pay the CVA.

Swindon Town F.C Announcement

The Directors of STFC are delighted to inform all fans of Swindon Town that the Wills family and Mike Diamandis have managed to attract significant investment to form a New Consortium that will commence due diligence with the view to taking over from the current Board within the next eight weeks.

Director Bob Holt confirmed today that the New Consortium have committed sufficient funds to both deal with the immediate financial issues plus provide for the Football Club's long-term future development.

'This is fantastic news for all the loyal supporters of Swindon Town Football Club. It has been difficult to secure and attract new investment particularly when there has been such negative press in the local media,' said Holt, adding that the New Consortium 'have demonstrated that, with out any shadow of doubt, they have, in addition to their knowledge of football, the financial status to support the Football Club in its endeavours to gain promotion to The Championship.'


The New Consortium has the full support of Paul Sturrock and his management team, and will bring to the Football Club an added dimension that will both secure and enhance the standard of football at The County Ground.'

'It has been a long time coming but the current Board feel they have at last found the solution that will disperse forever the 'Dark Financial Clouds' that have for too long hung over The County Ground,' said Holt.

Once concluded, the takeover will result in dynamic changes to both the structure and make-up of the STFC Board and off-field Management team. Further details will follow when these have been finalised and approved.

In the light of today's announcement and the forthcoming injection of funds, the supervisor of The Club's CVA, Andrew Andronikou, will be writing to the club's creditors and will shortly provide both the press and the STFC fan base an update in this regard.

Holt hoped that even the most sceptical fan would, in the fullness of time, recognise this news as positive and concluded by saying that he was both 'relieved and thrilled' by this development.

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:Tuesday July 3 2007

Time: 11:07AM

Your Comments (oldest first)

Change to most recent first
Thought you already had been taken over judging by your moves in the market!
sandgroanun
Report Abuse
03/07/2007 11:42:00

Great!! So the Wills family and co will still remain at the club. Don't expect any major changes!! At least the CVA will be met...
Wellsy
Report Abuse
03/07/2007 13:44:00

LOL, it's probably one of Willy Carson's mates.....
Wellsy
Report Abuse
03/07/2007 13:45:00

 

Have Your Say

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

Recent Swindon Town Articles

STFC: Ajose Desperate To Join Swindon (Wednesday August 19 2015)

Stats: Swindon Town v Port Vale (Wednesday August 19 2015)

STFC: Jordan Stewart Move Edges Closer (Wednesday August 19 2015)

STFC: Obika Out For Five Weeks? (Wednesday August 19 2015)

STFC: Obika A Doubt For Tuesday (Sunday August 16 2015)

Stats: Bury v Swindon Town (Sunday August 16 2015)

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
Swindon 0 - 2 Sheff Utd
Southend 0 - 1 Swindon
Swindon 2 - 2 Port Vale
Bury 2 - 2 Swindon
Swindon 4 - 1 Bradford

League Table (view table)

Team P W D L GD Pts
5. Rochdale 5 3 1 1 6 10
6. Chesterfield 5 3 1 1 3 10
7. Coventry 4 3 0 1 6 9
8. Swindon 5 2 2 1 2 8
9. Fleetwood 5 2 1 2 2 7
10. Oldham 5 1 4 0 1 7
11. Wigan 5 2 1 2 0 7

Swindon Town Fixtures (view all)

Breaking League News

Single goal defeats Alex
Crewe : 29/08/2015 22:37:01
Posh Confirm Forrester Signing
Peterborough : 29/08/2015 20:40:01
Robbo Speaks: Post-Gillingham
Peterborough : 29/08/2015 20:37:01
Vital Posh MOTM v Gillingham Poll
Peterborough : 29/08/2015 19:04:00
Wigan : 29/08/2015 18:36:00

Current Site Poll (view all polls)

What do you want to see more of at Vital STFC?
Suggested By:  Shaun
Blogs 0%
News 50%
Rumours 0%
Other 50%