Ex-QPR Chairman Bill Power's "Dispute" With Swindon

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Western Daily Press - NOW POWER SERVES WRIT ON SWINDON
BY JAMES MCNAMARA

Swindon Town are believed to have been served with a writ over the money Bill Power claims he is owed by the club.Power and the current board have been in a wrangle over the £1.2 million the former Queens Park Rangers chairman put into the club in April 2006.
He has claimed all along the money was in the form of a loan, while Swindon maintain it was an investment in return for shares.
The Daily Press understands the club were served with the papers last week and have been given 14 days to respond to the complaint. Swindon were unavailable for comment last night.
Power has been threatening legal action for months after his attempts to mount a takeover - as the financial backer of a fans' consortium - were blocked when both parties failed to get to the negotiating table.
Swindon's current hierarchy have since opened discussions with another set of potential investors and are believed to be closing in on a deal.
But the Daily Press also understands Power has not given up entirely on the fans' consortium's interest in the club
Western Press

Swindon Advertizer - Town hit with £1.2m writ from Power
Exclusive By Andy Cryer

SWINDON Town have been hit with a threat of court action after being issued a writ for £1.2million by disgruntled investor Bill Power.

The County Ground outfit have been given until the end of the week to respond with Power, pictured right, at the end of his tether after months of accusations and counter-allegations.
Power's bid to takeover the club, along with the fans consortium, seems dead in the water with Town on the verge of sealing a major investment with a mystery foreign consortium.
But the former QPR chairman is insistent a £1.2million loan' be repaid in full and is prepared to take the case to court.
Town have always stated they believe Power's money was part of a share issue and, with neither party likely to give way, a courtroom battle seems the inevitable outcome.
A Town spokesman said: "We have received some correspondence from Bill Power's lawyers and it is in the hands of our lawyers. There is not a lot else we can say at the moment."
With a £900,000 unpaid Company Voluntary Arrangement hanging over their heads, with the initial payment deadline passed, Town are waiting to hear whether creditors have voted in favour of possibly extending the CVA.
The vote was closed on Monday and an announcement is expected soon from the administrators as to whether a meeting will be called to discuss the extension.
With Conference outfit Crawley the latest to be hit with a points deduction, after failing to meet their CVA, Town will be hoping the promise of some major new investment will win them more time.
It is thought the Portuguese-led consortium are moving closer to finalising the deal at the County Ground, although the club are still keeping the exact details close to their chest. Swindon Advertizer