Get involved! Send photos, video, news & views. Text SWINDON NEWS to 80360 or email us
SWINDON TOWN: Mystery four interest in buying club
SWINDON Town’s search for a new owner continues with at least four parties showing interest in the acquiring a controlling stake in the club, the Advertiser understands.
Owner Andrew Black is looking to sell a large chunk of his 98 per cent holding in the Robins and, although the identities of the interested parties remain a mystery, there are believed to be two serious potential bidders discussing the prospect of buying into the club. Both are understood to be foreign investors.
Town have substantial debts to major shareholders, but owe no money to HMRC or creditors and have no bank overdraft, and chief executive Nick Watkins has branded the chance to take control of the club as a “unique investment opportunity”.
The Swindon board met on Saturday to discuss the intended sale of the Robins, and both director Russell Backhouse and Watkins are understood to be talking to interested parties. No letters of intent have yet been received, although the process is expected to accelerate as the week progresses.
Meanwhile, Town were last night waiting to discover the results of Danny Hollands’ second scan on a foot injury picked up in the 2-0 victory over Shrewsbury on Saturday. In the aftermath of the game there were fears the midfielder could have suffered a broken metatarsal.