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

2 years free Sky Broadband Unlimited for Sky Sports customers

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

2 years free Sky Broadband Unlimited for Sky Sports customers

Related News

Most Commented

Readers' Comments

H

e doesn't need a caoch. He needs a bus. A bloody big one, that he can park across the goal line. And when he gets one, he can do us a favour and let us know where we can buy one from as well.

HarryBoulton
Rodgers: No defence coach

Y

ou are wrong Per, thats the right way the play. Its everyone elses' fault that it doesnt work.

delboy
Mertesacker urges style change

A

s it's panto season coming soon, let me be the first Oh yes you do

munchie
Rodgers: No defence coach

Footer 365

La Liga: Carlo Ancelotti praises 'professional' Real Madrid after 3-1 Barcelona win

Carlo Ancelotti praised Real Madrid's "unique professionalism" after they came from a goal down to beat Barcelona.

Premier League: Mauricio Pochettino says Alan Pardew deserves more respect

Tottenham boss Mauricio Pochettino admits it is tough not to feel sorry for Newcastle counterpart Alan Pardew.

La Liga: Luis Enrique stands by Luis Suarez selection after Barcelona defeat

Luis Enrique defended his decision to start Luis Suarez against Real Madrid after his team slumped to a 3-1 defeat.

Mail Box

'Goals Like That Can Make You Pregnant'

Those being sniffy about Erik Lamela's rabona are given short shrift in the afternoon mailbox, where criticism of Brendan Rodgers is smashed out of the park...

Does David De Gea Need Competition?

It would certainly be a good idea to give Victor Valdes a contract, while we have more mails on Brendan Rodgers, Arsene Wenger, the rabona and mailbox gripes...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property