swindonseagull
Well-known member
The takeover still has not be signed and the taxman is about to swoop.
The county ground is council owned so the only assets are the players..
It looks bleak..
Inland Revenue closing in on Town
Exclusive By Andy Cryer
Comment | Read Comments (18)
THE Inland Revenue are closing in on Swindon Town as the ongoing takeover farce at the County Ground remains unresolved.
Sources close to the talks have revealed the tax man is losing patience as their £1.9million debt still shows no sign of being cleared.
A winding-up petition is expected to be issued by HMRC by early next week if the current impasse continues, with both parties claiming their innocence as the hold up continues.
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Andrew Fitton and Jeremy Wray's consortium looked set to seal their takeover deal on Monday but, three days and countless false dawns later, fans remain frustrated and concerned for the club's future existence.
A winding-up petition from the revenue would spark a snowball effect from the majority of Town's other creditors, and leave the club on the financial precipice.
The revenue have already vowed to be as patient as possible to all people involved in the deal, but as the current negotiations continue to stall, they could see a petition to the courts as their only option.
Fitton's consortium have statements prepared and ready to go, confirming the completion of the conditional deal' but they insist they are still being made to wait by Town's lawyers.
It is also thought they will instantly announce the resignations of board members Sandie Gray and Bob Holt, while revealing the name of the new chief executive.
Sources close to Town's side in the deal though insist the suitors have received all paperwork needed and are equally confused about the continuing delay.
Signing the conditional deal' would allow Fitton & Co to take the reins at the County Ground with immediate effect as they looked to iron out the remaining issues.
These remaining conditions are thought to surround future development rights, with St Modwen needing to approve the agreement at a board meeting.
With the staff at the County Ground expecting to be paid this week, fears are growing they will again have to wait for their money with Christmas just days away.
Meanwhile the Swindon Advertiser's website www.thisisstfc.co.uk was in overdrive with some fans voicing their intention for more protests at Saturday's clash with Hartlepool, if the situation is not resolved.
The county ground is council owned so the only assets are the players..
It looks bleak..
Inland Revenue closing in on Town
Exclusive By Andy Cryer
Comment | Read Comments (18)
THE Inland Revenue are closing in on Swindon Town as the ongoing takeover farce at the County Ground remains unresolved.
Sources close to the talks have revealed the tax man is losing patience as their £1.9million debt still shows no sign of being cleared.
A winding-up petition is expected to be issued by HMRC by early next week if the current impasse continues, with both parties claiming their innocence as the hold up continues.
advertisement
Andrew Fitton and Jeremy Wray's consortium looked set to seal their takeover deal on Monday but, three days and countless false dawns later, fans remain frustrated and concerned for the club's future existence.
A winding-up petition from the revenue would spark a snowball effect from the majority of Town's other creditors, and leave the club on the financial precipice.
The revenue have already vowed to be as patient as possible to all people involved in the deal, but as the current negotiations continue to stall, they could see a petition to the courts as their only option.
Fitton's consortium have statements prepared and ready to go, confirming the completion of the conditional deal' but they insist they are still being made to wait by Town's lawyers.
It is also thought they will instantly announce the resignations of board members Sandie Gray and Bob Holt, while revealing the name of the new chief executive.
Sources close to Town's side in the deal though insist the suitors have received all paperwork needed and are equally confused about the continuing delay.
Signing the conditional deal' would allow Fitton & Co to take the reins at the County Ground with immediate effect as they looked to iron out the remaining issues.
These remaining conditions are thought to surround future development rights, with St Modwen needing to approve the agreement at a board meeting.
With the staff at the County Ground expecting to be paid this week, fears are growing they will again have to wait for their money with Christmas just days away.
Meanwhile the Swindon Advertiser's website www.thisisstfc.co.uk was in overdrive with some fans voicing their intention for more protests at Saturday's clash with Hartlepool, if the situation is not resolved.
