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Fitton takes advantage of second shot at Swindon
England - 24 December, 2007
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That takeover of English Swindon just might occur after all.
Businessman Andrew Fitton is on the verge of taking control of the club, just weeks after his last bid for Swindon fell through.
Swindon reportedly has GBP 5 million in debt.
"Swindon Football Holdings announces that it entered into a conditional agreement to purchase 75 percent of the issued share capital of Swindon Town Football Company Limited," read a statement on the club website. "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 January 11, 2008.
"The purchasers will have an active involvement in the management of the club with immediate effect."
Businessman Andrew Fitton is on the verge of taking control of the club, just weeks after his last bid for Swindon fell through.
Swindon reportedly has GBP 5 million in debt.
"Swindon Football Holdings announces that it entered into a conditional agreement to purchase 75 percent of the issued share capital of Swindon Town Football Company Limited," read a statement on the club website. "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 January 11, 2008.
"The purchasers will have an active involvement in the management of the club with immediate effect."
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