FINALLY! Swindon Takeover Complete!!
Swindon Town Football Holdings Limited have finally gained control of Swindon Town F.C after a conditional deal was signed.
Fans feared the worst after no news was coming from Swindon Football Holdings or the club itself.
Many fans feared the deal was on the brink of collapse, however, Town fans can now look forward to a new era with all the clubs current debts including the CVA paid and a new manager named.
Announcement From Swindon Football Holdings Limited
Swindon Football Holdings Limited announces that at 7pm on Thursday 20 December 2007, it entered into a conditional agreement to purchase 75% of the issued share capital of Swindon Town Football Company Limited (the Club).
The agreement is conditional on the vendors satisfying the purchasers on certain conditions (including matters relating to Shaw Park Developments and HR Revenue & Customs) not later than 11th January, 2008.
The purchasers will have an active involvement in the management of the Club with immediate effect.
Commenting, Andrew Fitton said: "I am pleased that we are nearly there. The hard work of reorganising the club will start immediately."
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