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Wednesday, June 27, 2007

For Ex-QPR Head, Bill Power, Another Swindon Takeover "Challenger"

June 27: This is Wiltshire -New investor shows interest in Swindon
By Nick Mashiter
A NEW investor has made contact with Swindon Town in the hope of buying into the club.
Non executive director Bob Holt confirmed there were now two interested parties in the Robins, excluding the fans' consortium, who have still yet to lodge a formal bid under the leadership of former QPR chairman Bill Power.
He said: "Talks with the original investor have been progressing slowly but now someone new has come in and wants to jump the queue."
Any new investment would be welcome at the County Ground with a £900,000 CVA (Company Voluntary Agreement) due to be paid to the club's remaining creditors on Saturday.
The CVA was set up in August 2002 but mixed messages have been coming out of the different parties involved as the deadline looms.
Swindon Borough Council leader Rod Bluh claimed the Robins had asked to re-open negotiations over the June 30 deadline.
Town then issued a statement denying they wanted to extend the deadline, but confirmed they met with council officials on June 6 to discuss the CVA status.
This was all after CVA supervisor Andrew Andronikou claimed he has the authority to "extend and vary" the deadline.
Andronikou was contacted by the Gazette, but refused to confirm or deny if the CVA payment would be met on Saturday.
A club statement was due to be released tomorrow. This is Wiltshire

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