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

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."

Football365 Facebook Fan Page

The Football365 fan page is a great place to meet like minded people, have football related discussions and make new friends.

Related News

Sky Bet

    • Retrieving latest Sky Bet odds

Most Commented

Readers' Comments

T

his is nice, isn't it? [smiles affectionately at the scene around him]

surprisedicare
Sturridge eyes Chelsea return

G

osh, a renowned financial businessman. A financial businessman.That's absolutely a real thing.

spuzzell
Expert: Moyes sacking about money

W

hy don't you call in Becks as well...and we will all have a lovely tea party!

kimosabi
United: Scholes helping out

Footer 365

Transfer news: Morgan Schneiderlin happy to stay at Southampton

Morgan Schneiderlin insists he is happy to stay at Southampton and will never try and engineer a move away.

Premier League: Adam Johnson says Sunderland believe they can avoid relegation

Sunderland winger Adam Johnson says their shock victory over Chelsea has given them belief they can beat the drop.

Arsenal's Lukas Podolski refuses to rule out return to former club Cologne

Arsenal forward Lukas Podolski has admitted he could be interested in a move back to former club Cologne in the future.

Mail Box

Guardiola Is No Better Than Moyes...

At least he wasn't in Bayern's defeat to Real Madrid, says one chap in the mailbox. Plus, more excitement over Van Gaal at Man United and thoughts on FFP...

Man United Fans Excited By Van Gaal Talk

Man United fans know who they want to replace David Moyes, with Louis van Gaal the favourite to take over at Old Trafford. Plus, thoughts on Real Madrid v Bayern Munich...

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