Swindon seek new investment

Swindon Town are looking for new investment to try and clear debts believed to total in the region of £13m.

Last Updated: 17/01/13 at 14:46 Post Comment

Swindon Town: In the market for new investment

Swindon Town: In the market for new investment

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

The League One side's majority shareholder Andrew Black has stated his intention to leave the club and has already held talks with a couple of potential new investors.

Black has supported Swindon financially for the last five years and they were able to secure promotion from League Two in 2011-12, continuing to build a squad that has taken them into the play-off places this season.

But giving boss Paolo di Canio a substantial transfer and wage budget has led to cost-cutting becoming something of a priority in order to avoid going into administration for the third time in the club's history.

Chairman Sir William Patey said: "Andrew has made it clear that he is looking for someone to acquire his majority shareholding in the club and as a consequence the Board has been engaged in detailed discussions with interested parties these past few weeks.

"The club is also taking professional advice as to how best facilitate an early sale.

"The aim is to attract new owners as Swindon Town is a club with real potential and with a huge opportunity.

"The dream scenario is we'd be in the Championship with new investors and new owners, but there are a lot of other things that could happen too, and I do stress the money situation is extremely tight."

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

N

ice work John.. have to agree with everything. Never measure your wealth in money.

wexford_blue
We're Not All Jealous Guys...

I

s it the same people that complain about Chelsea that complain about Mayweather? You should by now know what to expect from both, if you can't appreciate how good they are at nullifying their opponents then don't watch them.

Noz2k
Chelsea: This Ending Always Justifies The Means

I

do concede though, that getting rid of Luiz has made them less entertaining. In the same way that driving with both eyes open is less exciting, but probably a good idea.

megabrow (cufc)
Chelsea: This Ending Always Justifies The Means

Footer 365

Stephen McManus says Motherwell are full of confidence

Stephen McManus says Motherwell are full of confidence despite being adrift in the Scottish Premiership playoff place.

Arsene Wenger only wants to bring 'world-class' players to Arsenal

Arsene Wenger has revealed he is only looking to add “top, world-class players” to his Arsenal squad this summer.

Hull 1-3 Arsenal: Alexis Sanchez nets twice to move Arsenal level on points with Man City

Alexis Sanchez scored twice in the first half to help Arsenal coast past Hull with a 3-1 win at the KC Stadium.

Mail Box

Blaming Van Gaal For United Slump...

Wayne Rooney in midfield, the same balls aimed at Marouane Fellaini...Louis van Gaal has to find a solution. And a Burnley fan embraces relegation...

Shouldn't We Give Players Time?

Do we really want to throw out the baby with the bathwater every single summer? We also have a Man United fan who wants massive investment. And more...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company