Swindon Town Near Insolvency
Swindon Town Football Club are only days away from liquidation after it emerged the club is desperate for funding.
Reports are circulating that the club is only 2 weeks away from going bankrupt after failing to meet its current financial obligations as well as paying its historical debts.
So far the club owes a £900,000 CVA that was due 3 months ago, £25,000 to Cheltenham Town for a fixture earlier in the season as well as a plethora of other debts which have yet to be revealed.
Best Holdings had wanted to buy the club but it is rumoured according to the Swindon Advertiser to cost them £18M to complete the deal.
The club is to appeal to its shareholders for more money otherwise face insolvency.