UK time is: 22:04:26
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

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.

Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!

Click here to join in the debate on the club forum.

Join the Vital Fantasy Football League - its Free!

The Journalist

Writer: Moonraker1969 Mail feedback, articles or suggestions

Date:Tuesday October 9 2007

Time: 11:01AM

Your Comments (oldest first)

Change to most recent first
Where's all this come from? Normally when a club gets this close to the edge (Boston, Rotherham etc etc) the thing has been rumbling on for months. Surely its not at the winding up stage yet? And what a pity as you look to have a decent outfit this year. Good luck STFC!
Aston Smithy
Report Abuse
09/10/2007 11:15:00

I could be quite cruel about this and laugh my head off...but we got through our financial troubles with not much more time to spare than you guys have. Considering what Leeds fans went through, I wish you all the best.
Report Abuse
09/10/2007 11:15:00

Very sad. Hate to think of any club going through the crap we had to go through. Nobody is sympathetic all they want is for you to go under. I afraid they won`t get any help from any other clubs the F.a or football league.....surely its time that people pulled together when clubs are in trouble instead of trying to finish them off. Sorry Swindon but i don`t think you`ll find a Ken Bates whos willing to bend the rules, fight your corner, and stump up the cash. Even if they did, you then need the players and management staff to do the business while the Fooball League impose more ridiculous penaltys on you. Good luck Swindon, but i fear for you!
Report Abuse
09/10/2007 13:52:00


Have Your Say

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

Recent Swindon Town Articles

Stats: Blackpool v Swindon Town (Sunday October 4 2015)

STFC: Vigouroux Recalled By Liverpool (Monday September 28 2015)

STFC: Wes Thomas Out For A Month (Monday September 28 2015)

STFC: Nathan Thompson Out For A Month (Wednesday September 23 2015)

STFC: Cooke Re-Called From Cheltenham (Wednesday September 16 2015)

STFC: Louis Thompson Returns (Sunday September 13 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
Blackpool 1 - 0 Swindon
Doncaster 2 - 2 Swindon
Swindon 1 - 2 Colchester
Swindon 0 - 1 Burton
Barnsley 4 - 1 Swindon
Crewe 1 - 3 Swindon

League Table (view table)

Team P W D L GD Pts
14. Chesterfield 11 4 2 5 -1 14
15. Millwall 11 4 2 5 -4 14
16. Bradford 11 3 4 4 -4 13
17. Swindon 11 3 3 5 -2 12
18. Oldham 11 1 8 2 -4 11
19. Shrewsbury 11 3 2 6 -4 11
20. Scunthorpe 11 3 2 6 -4 11

Swindon Town Fixtures (view all)

Breaking League News

PWU Latics Podcast - Open Arms - Walsall, Crewe & Bury
Wigan : 07/10/2015 21:05:00
Bury Fans Paid £14.08 per game?
Bury : 07/10/2015 21:00:00
Blackpool Fans Paid £14.08 per game?
Blackpool : 07/10/2015 20:00:01
Barnsley Fans Paid £14.08 per game?
Barnsley : 07/10/2015 19:38:01
The Guest Blog 2015/16 - Episode 5
Walsall : 07/10/2015 18:19:01

Current Site Poll (view all polls)

Are you happy with Swindon Town's transfer business?
Suggested By:  
Yes 0%
No 100%