Swindon Town FC has been put up for sale as an alternative to administration. The debts of the football club are thought to be around £13m. £9m of this could be wiped out by going into administration for the third time in the club’s history, but the club would then suffer a points deduction, denting its hopes of promotion.
Swindon Town FC has been put up for sale as an alternative to administration. The debts of the football club are thought to be around £13m. £9m of this could be wiped out by going into administration for the third time in the club’s history, but the club would then suffer a points deduction, denting its hopes of promotion.
It is thought that now is a good time to sell the club when it is challenging for promotion and there is a strong squad of players. However, a reduction in the monthly playing budget of £250,000 is likely to be necessary which would mean selling players.
Swindon Town Football Club is 98 per cent owned by Andrew Black who is part of a consortium who took it over in 2008. He was co-founder of betting exchange Betfair.