Former QPR Chairman Bill Power Bids For Swindon

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BBC - Consortium make bid for Swindon
A consortium headed by Bill Power have made an official bid to take over Swindon, reports BBC Radio Swindon.
The board had asked for Power's lawyers to put their proposals for a potential takeover in writing and say they have now received a detailed response.
The details of what has been offered have not been released and there has been no comment from the consortium.
Swindon director Bob Holt has said that the letter from Power seems to have moved things forward. BBC

This is Swindon - Power struggle takes new twist

TOWN’S long running takeover saga has taken a new twist with both sides expressing a willingness to make progress.

The fans consortium believes it is best equipped to take the club forward but the current Town board has consistently denied that any bid had been made in a legally-satisfactory form.

A club statement has hinted that there is a basis for discussion, although talks will continue with other potential investors.

A club statement read: “We previously reported that the Club was in dialogue with Bill Power in relation to his involvement.

“Having made proposals to deal with those issues, the Club received a detailed response last week.

“It has now subsequently had the opportunity to review this with its lawyers.

“Part of the reply indicated a willingness on behalf of Mr. Power to explore a takeover of the club.

“Whilst the club is involved in other substantive ongoing discussions with potential investors, it will also continue discussions on a confidential basis with Mr Power’s representatives.

“The board wishes to assure the fans that this matter will not affect or detract the club from focusing on promotion back into League One at the end of this season.

“No further comment will be made pending those negotiations taking place.” This is Swindon

Swindon Town F.C have released a statement confirming they have received an offer from Bill Power to buy the football club.
Statment From Swindon Town F.C
We previously reported that the Club was in dialogue with Bill Power in relation to his involvement.

Having made proposals to deal with those issues, the Club received a detailed response last week.

It has now subsequently had the opportunity to review this with its lawyers.

Part of the reply indicated a willingness on behalf of Mr. Power to explore a takeover of the club.

Whilst the club is involved in other substantive ongoing discussions with potential investors, it will also continue discussions on a confidential basis with Mr Power`s representatives.

The board wishes to assure the fans that this matter will not affect or detract the club from focusing on promotion back into League One at the end of this season.

No further comment will be made pending those negotiations taking place. Swindon

Offer To Buy Swindon Town ConfirmedSwindon Town Director Bob Holt has confirmed this morning on BBC Radio Swindon that a consortium headed by Bill Power has made an offer to gain controlling interest in Swindon Town Football Club.

The club had been asking Power to make an offer for the last couple of months and now the club has finally confirmed that an offer has been made.

No details are available as of yet, however Vital Swindon Town understands the club will make a statement in the next couple of days.- Vital Swindon Town