Little: Swindon Takeover Still On
Investor Jim Little who is the face of Best Holdings has told the Swindon Advertiser today that takeover talks to buy Swindon Town are still on despite rumours stating the deal has collapsed.
Little told the Swindon Advertiser, 'As far as I am concerned the deal is very much still on. We are going through so much paperwork trying to figure out exactly what the club owe.'
Talks appeared to have stalled as the Portuguese consortium tries to find out the extent of the clubs debts. The consortium has already stated they will pay the overdue CVA payment once the deal is concluded. In the meantime the club has asked current financial backer Sir Seton Wills to help pay the clubs current financial obligations.
The takeover bid was thought to be around £10M with Sir Seton Wills getting back the money he had put into the club over the years. Little has made it known that Best Holdings plan on building a new multi purpose stadium in the borough of Swindon to help secure the clubs long term future.