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Swindon Town Takeover Close

Swindon Town Takeover Close

Swindon Town's future is very close to being secured after current owner Sir Seton Wills has confirmed a contractual offer to buy the football club has been made.

The club have confirmed that a response should be forthcoming by the end of the week.

Should the offer be accepted it is understood that the new consortium lead by Andrew Fitton would buy the club for £1.00 and then clear all the clubs outstanding debts thus lifting the transfer embargo hanging over the club.

Fans will hope that the response is received by Thursday when the loan window shuts so that debts can be paid and the club can sign players before the loan window shuts to ease the injury crisis at the club.

Fitton had always said a deal would be concluded by the end of November in which then a major re-shuffle of the board would take place according to the Swindon Advertiser.

Part of the deal to buy the club would be for Sir Seton Wills to benefit from any Stadium development it is believed as well as clearing all of the clubs historical debts.

Writer:Aaron Hughes
Date:Tuesday November 20 2007
Time: 5:53PM

Comments

0
Finally. I'm not celebrating till it's confirmed though
mandrossian
20/11/2007 20:16:00
0
Hmmm..how close is close - seem we have been here before thanks to those time-wasters Best Group - but feel more confident with it this time, Andrew Fiiton seems more open and honest than those shysters from Portugal.
APG_STFC
21/11/2007 11:23:00
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