SWINDON TOWN: Town takeover close

Town takeover close

Town takeover close

First published in Sport
Last updated

AN agreement has been reached in principle which will see a consortium led by Jed McCrory take over Swindon Town, the Advertiser understands.

It is believed that the party in question came to an initial arrangement late last night which will see them take on a large chunk of Andrew Black’s 98 per cent shareholding in the club, and after further successful talks today a sale could be completed as early as this evening.

McCrory is the owner of Evo-Stik Southern League Premier Division outfit Banbury United, having assumed control at the Oxfordshire club last year, but the identities of the rest of the group remain a mystery.

 

Comments (38)

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11:13am Wed 30 Jan 13

Lambourn Red says...

Lets just hope it is signed and sealed and we can banish the A word.
Lets just hope it is signed and sealed and we can banish the A word. Lambourn Red
  • Score: 0

11:22am Wed 30 Jan 13

SeanG92 says...

Aye get it pushed through and let us have a wee look at who else is in this consortium. For all we know we could be about to get some billionaire investors.. okay maybe not, but still would be nice if others in the consortium had a wee bit of money eh!

Lets hope its done ASAP to Paolo can add a couple of new faces to the squad, especially with the injuries and L Rooney, Cox and Benson all heading off we will need a few extra guys in there I think.

COYR's
Aye get it pushed through and let us have a wee look at who else is in this consortium. For all we know we could be about to get some billionaire investors.. okay maybe not, but still would be nice if others in the consortium had a wee bit of money eh! Lets hope its done ASAP to Paolo can add a couple of new faces to the squad, especially with the injuries and L Rooney, Cox and Benson all heading off we will need a few extra guys in there I think. COYR's SeanG92
  • Score: 0

11:22am Wed 30 Jan 13

MITTED says...

I also hope that new owners are going to show themselves not try to remain anonymous, otherwise it smacks of the horrendous BEST (portugese) consortium that came so close to taking over before Fitton & co came to the rescue.
COYR
I also hope that new owners are going to show themselves not try to remain anonymous, otherwise it smacks of the horrendous BEST (portugese) consortium that came so close to taking over before Fitton & co came to the rescue. COYR MITTED
  • Score: 0

11:23am Wed 30 Jan 13

grove red says...

Light at the end of the tunnel lets hope for no quick fire sales to.
Light at the end of the tunnel lets hope for no quick fire sales to. grove red
  • Score: 0

11:24am Wed 30 Jan 13

whizzy1978 says...

Great news, Lets hope it is done in time & poalo can be given a minimal of funds to strengthen & extend the deals of hollands & martin so we can continue the promotion push.
Great news, Lets hope it is done in time & poalo can be given a minimal of funds to strengthen & extend the deals of hollands & martin so we can continue the promotion push. whizzy1978
  • Score: 0

11:24am Wed 30 Jan 13

ChrisWantageRed says...

I have a feeling tomorrow is gonna be absolutely mental
I have a feeling tomorrow is gonna be absolutely mental ChrisWantageRed
  • Score: 0

11:33am Wed 30 Jan 13

mallorca says...

Oh for that glimmer we have been waiting on,one question how can he be part of babury Utd and the Town,or as said is he just the front man??????? lets hope this is not another fairy story or similiar to the BEST GROUP
Oh for that glimmer we have been waiting on,one question how can he be part of babury Utd and the Town,or as said is he just the front man??????? lets hope this is not another fairy story or similiar to the BEST GROUP mallorca
  • Score: 0

11:35am Wed 30 Jan 13

swinloz1968 says...

I'm optimistic, BUT FIRST we need stability at STFC.
I'm optimistic, BUT FIRST we need stability at STFC. swinloz1968
  • Score: 0

11:35am Wed 30 Jan 13

swwindon61uk says...

Great news,now lets get it done!
Don't think anything can beat the BEST takeover!
Great news,now lets get it done! Don't think anything can beat the BEST takeover! swwindon61uk
  • Score: 0

11:49am Wed 30 Jan 13

the don69 says...

Well never heard of Jed McCrory?but if it happens?one good thing is we'll have a Reserve team now!good ol Banbury United!have they got a goalscorer there?cause we ain't got one!LOL!!!!!!!!!!!
Well never heard of Jed McCrory?but if it happens?one good thing is we'll have a Reserve team now!good ol Banbury United!have they got a goalscorer there?cause we ain't got one!LOL!!!!!!!!!!! the don69
  • Score: 0

11:51am Wed 30 Jan 13

swwindon61uk says...

You don't necessary need to have heard of him for him to be good.
I had not really heard of Fitton or Wray and they did ok didn't they!
You don't necessary need to have heard of him for him to be good. I had not really heard of Fitton or Wray and they did ok didn't they! swwindon61uk
  • Score: 0

11:53am Wed 30 Jan 13

RedArmy74 says...

Deal reached according to Sam on Twitter.
Deal reached according to Sam on Twitter. RedArmy74
  • Score: 0

11:53am Wed 30 Jan 13

Rogersforengland says...

why is everyone so excited and saying let's push it through..... how does anyone know if they have any real money, they could still insist on administration to remove debts for instance. He has owned Banbury United for a year..... does he and the group really have the funds to take us into the Championship, let's hope so and hope that our board are not just looking for a quick sale as many fans seem to be
why is everyone so excited and saying let's push it through..... how does anyone know if they have any real money, they could still insist on administration to remove debts for instance. He has owned Banbury United for a year..... does he and the group really have the funds to take us into the Championship, let's hope so and hope that our board are not just looking for a quick sale as many fans seem to be Rogersforengland
  • Score: 0

11:56am Wed 30 Jan 13

louiscassius says...

Brill News!!

Lets get this done asap, so we can continue with another brilliant season!!

Louis :-))
Brill News!! Lets get this done asap, so we can continue with another brilliant season!! Louis :-)) louiscassius
  • Score: 0

11:56am Wed 30 Jan 13

swwindon61uk says...

Rogersforengland wrote:
why is everyone so excited and saying let's push it through..... how does anyone know if they have any real money, they could still insist on administration to remove debts for instance. He has owned Banbury United for a year..... does he and the group really have the funds to take us into the Championship, let's hope so and hope that our board are not just looking for a quick sale as many fans seem to be
Can't see anything being signed if it is not going to be ok for all concerned,although i do understand where you are coming from.
Is this the bidder PDC liked i wonder?
[quote][p][bold]Rogersforengland[/bold] wrote: why is everyone so excited and saying let's push it through..... how does anyone know if they have any real money, they could still insist on administration to remove debts for instance. He has owned Banbury United for a year..... does he and the group really have the funds to take us into the Championship, let's hope so and hope that our board are not just looking for a quick sale as many fans seem to be[/p][/quote]Can't see anything being signed if it is not going to be ok for all concerned,although i do understand where you are coming from. Is this the bidder PDC liked i wonder? swwindon61uk
  • Score: 0

11:59am Wed 30 Jan 13

Pewsham Red says...

Rogersforengland wrote:
why is everyone so excited and saying let's push it through..... how does anyone know if they have any real money, they could still insist on administration to remove debts for instance. He has owned Banbury United for a year..... does he and the group really have the funds to take us into the Championship, let's hope so and hope that our board are not just looking for a quick sale as many fans seem to be
Fair point, to a degree, as we may be foregoing long term stability for short term safety, but as we are two days from potential administration, then I think we would all take it, for now.
[quote][p][bold]Rogersforengland[/bold] wrote: why is everyone so excited and saying let's push it through..... how does anyone know if they have any real money, they could still insist on administration to remove debts for instance. He has owned Banbury United for a year..... does he and the group really have the funds to take us into the Championship, let's hope so and hope that our board are not just looking for a quick sale as many fans seem to be[/p][/quote]Fair point, to a degree, as we may be foregoing long term stability for short term safety, but as we are two days from potential administration, then I think we would all take it, for now. Pewsham Red
  • Score: 0

12:01pm Wed 30 Jan 13

the don69 says...

Rogersforengland wrote:
why is everyone so excited and saying let's push it through..... how does anyone know if they have any real money, they could still insist on administration to remove debts for instance. He has owned Banbury United for a year..... does he and the group really have the funds to take us into the Championship, let's hope so and hope that our board are not just looking for a quick sale as many fans seem to be
If Black ain't checked them out,then he really is fool-hearty,but we don't know didley sh1t,so it's just a matter of watching and waiting to find out our fait-accompi!!!!!!!!
!!
[quote][p][bold]Rogersforengland[/bold] wrote: why is everyone so excited and saying let's push it through..... how does anyone know if they have any real money, they could still insist on administration to remove debts for instance. He has owned Banbury United for a year..... does he and the group really have the funds to take us into the Championship, let's hope so and hope that our board are not just looking for a quick sale as many fans seem to be[/p][/quote]If Black ain't checked them out,then he really is fool-hearty,but we don't know didley sh1t,so it's just a matter of watching and waiting to find out our fait-accompi!!!!!!!! !! the don69
  • Score: 0

12:06pm Wed 30 Jan 13

London Red says...

Not going to comment on the takeover until we actually know something about it
.
We have no idea on who is involved, what terms have been agreed and therefore the state of the balance sheet amd we don't how this will effect the playing budget for this season or beyond
.
Until some of those come to light we can not really comment one way or another
.
On the other news about Rooney - that is a great deal for Cheltenham
.
I know some don't think so but Rooney also had a massive impact in our title bid with a lot of assists and some important goals
.
I think Cheltenham could be a good bet if they were to add him to Benson
.
What odds on a 1-0 win Benson scoring from a Rooney cross on their debuts - just like it was when Rooney made his debut for us!
Not going to comment on the takeover until we actually know something about it . We have no idea on who is involved, what terms have been agreed and therefore the state of the balance sheet amd we don't how this will effect the playing budget for this season or beyond . Until some of those come to light we can not really comment one way or another . On the other news about Rooney - that is a great deal for Cheltenham . I know some don't think so but Rooney also had a massive impact in our title bid with a lot of assists and some important goals . I think Cheltenham could be a good bet if they were to add him to Benson . What odds on a 1-0 win Benson scoring from a Rooney cross on their debuts - just like it was when Rooney made his debut for us! London Red
  • Score: 0

12:06pm Wed 30 Jan 13

RedArmy74 says...

From Sam on Twitter:

'It's my understanding that the deal, which remains subject to FL approval, that has been reached ensures stability at the club...'

'I also understand that the deal, when it goes through, would get rid of all and any threat of administration.'
From Sam on Twitter: 'It's my understanding that the deal, which remains subject to FL approval, that has been reached ensures stability at the club...' 'I also understand that the deal, when it goes through, would get rid of all and any threat of administration.' RedArmy74
  • Score: 0

12:07pm Wed 30 Jan 13

Ginge09 says...

Sam's understandings on the matter....

It's my understanding that the deal, which remains subject to FL approval, that has been reached ensures stability at the club..."

I also understand that the deal, when it goes through, would get rid of all and any threat of administration.

Good work Sam!
Sam's understandings on the matter.... It's my understanding that the deal, which remains subject to FL approval, that has been reached ensures stability at the club..." I also understand that the deal, when it goes through, would get rid of all and any threat of administration. Good work Sam! Ginge09
  • Score: 0

12:07pm Wed 30 Jan 13

NewburyRobin says...

I never usually comment here on speculation however I am with Rogersforengland on this one. Lets hope we are wrong because with the way the team is performing & relatively high profile I would have hoped we could have attracted backers with considerable funds.
I never usually comment here on speculation however I am with Rogersforengland on this one. Lets hope we are wrong because with the way the team is performing & relatively high profile I would have hoped we could have attracted backers with considerable funds. NewburyRobin
  • Score: 0

12:15pm Wed 30 Jan 13

swwindon61uk says...

NewburyRobin wrote:
I never usually comment here on speculation however I am with Rogersforengland on this one. Lets hope we are wrong because with the way the team is performing & relatively high profile I would have hoped we could have attracted backers with considerable funds.
Do we know that these do not have considerable funds?
Paying £13m to me would be considerable!
[quote][p][bold]NewburyRobin[/bold] wrote: I never usually comment here on speculation however I am with Rogersforengland on this one. Lets hope we are wrong because with the way the team is performing & relatively high profile I would have hoped we could have attracted backers with considerable funds.[/p][/quote]Do we know that these do not have considerable funds? Paying £13m to me would be considerable! swwindon61uk
  • Score: 0

12:15pm Wed 30 Jan 13

Stfc_BristolRed says...

London Red wrote:
Not going to comment on the takeover until we actually know something about it . We have no idea on who is involved, what terms have been agreed and therefore the state of the balance sheet amd we don't how this will effect the playing budget for this season or beyond . Until some of those come to light we can not really comment one way or another . On the other news about Rooney - that is a great deal for Cheltenham . I know some don't think so but Rooney also had a massive impact in our title bid with a lot of assists and some important goals . I think Cheltenham could be a good bet if they were to add him to Benson . What odds on a 1-0 win Benson scoring from a Rooney cross on their debuts - just like it was when Rooney made his debut for us!
Ah yes, Cheltenham..... Soon to change their name to 'Swindon Town Reserves. :-)
[quote][p][bold]London Red[/bold] wrote: Not going to comment on the takeover until we actually know something about it . We have no idea on who is involved, what terms have been agreed and therefore the state of the balance sheet amd we don't how this will effect the playing budget for this season or beyond . Until some of those come to light we can not really comment one way or another . On the other news about Rooney - that is a great deal for Cheltenham . I know some don't think so but Rooney also had a massive impact in our title bid with a lot of assists and some important goals . I think Cheltenham could be a good bet if they were to add him to Benson . What odds on a 1-0 win Benson scoring from a Rooney cross on their debuts - just like it was when Rooney made his debut for us![/p][/quote]Ah yes, Cheltenham..... Soon to change their name to 'Swindon Town Reserves. :-) Stfc_BristolRed
  • Score: 0

12:19pm Wed 30 Jan 13

the don69 says...

Sam has also just said on twitter,that it's my understanding that when the deal goes through,it will get rid of all and any threat of administration!also meetings taking place today to try and secure funds for Paolo before deadline!!!!!!!
Sam has also just said on twitter,that it's my understanding that when the deal goes through,it will get rid of all and any threat of administration!also meetings taking place today to try and secure funds for Paolo before deadline!!!!!!! the don69
  • Score: 0

12:24pm Wed 30 Jan 13

Lazaat says...

I have been trying to find out what i can about Jed McCrory, not much info available that i can find. He owns Banbury United and i believe from what i read on various websites that he owns a string of night clubs but dont know what other business interests he has. He is supposed to be a massive fan of Luton Town...that is about all i have found out about him.

I agree with LR, lets wait and see what the details of this take over are, at the moment i am not overly exited but of course i am pleased that the threat of Administration will no longer be with us. I want to know if this new consortium has the financial clout and the desire to push us on to the championship? They will have a plan, will this include re-building the CG or maybe moving away from the CG and building a new ground on the outskirts of Swindon and what is their plan regarding Paulo and the team?

For us to progress and keep to the "Plan" there needs to be investment, are the new consortium intending to do that and have they got the funds to do that? Fingers crossed but i am certainly not assuming anything at the moment.
I have been trying to find out what i can about Jed McCrory, not much info available that i can find. He owns Banbury United and i believe from what i read on various websites that he owns a string of night clubs but dont know what other business interests he has. He is supposed to be a massive fan of Luton Town...that is about all i have found out about him. I agree with LR, lets wait and see what the details of this take over are, at the moment i am not overly exited but of course i am pleased that the threat of Administration will no longer be with us. I want to know if this new consortium has the financial clout and the desire to push us on to the championship? They will have a plan, will this include re-building the CG or maybe moving away from the CG and building a new ground on the outskirts of Swindon and what is their plan regarding Paulo and the team? For us to progress and keep to the "Plan" there needs to be investment, are the new consortium intending to do that and have they got the funds to do that? Fingers crossed but i am certainly not assuming anything at the moment. Lazaat
  • Score: 0

12:25pm Wed 30 Jan 13

swwindon61uk says...

London Red wrote:
Not going to comment on the takeover until we actually know something about it
.
We have no idea on who is involved, what terms have been agreed and therefore the state of the balance sheet amd we don't how this will effect the playing budget for this season or beyond
.
Until some of those come to light we can not really comment one way or another
.
On the other news about Rooney - that is a great deal for Cheltenham
.
I know some don't think so but Rooney also had a massive impact in our title bid with a lot of assists and some important goals
.
I think Cheltenham could be a good bet if they were to add him to Benson
.
What odds on a 1-0 win Benson scoring from a Rooney cross on their debuts - just like it was when Rooney made his debut for us!
He scored two goals in 3-0 and 4-0 wins for us last year,guess that can be classed as some!

Started of well but lost his way IMO.
I think he was one of the players disgruntled with the daily training?
So it was only going to end in departure IMO.
[quote][p][bold]London Red[/bold] wrote: Not going to comment on the takeover until we actually know something about it . We have no idea on who is involved, what terms have been agreed and therefore the state of the balance sheet amd we don't how this will effect the playing budget for this season or beyond . Until some of those come to light we can not really comment one way or another . On the other news about Rooney - that is a great deal for Cheltenham . I know some don't think so but Rooney also had a massive impact in our title bid with a lot of assists and some important goals . I think Cheltenham could be a good bet if they were to add him to Benson . What odds on a 1-0 win Benson scoring from a Rooney cross on their debuts - just like it was when Rooney made his debut for us![/p][/quote]He scored two goals in 3-0 and 4-0 wins for us last year,guess that can be classed as some! Started of well but lost his way IMO. I think he was one of the players disgruntled with the daily training? So it was only going to end in departure IMO. swwindon61uk
  • Score: 0

12:25pm Wed 30 Jan 13

Oxon-Red says...

swwindon61uk wrote:
NewburyRobin wrote: I never usually comment here on speculation however I am with Rogersforengland on this one. Lets hope we are wrong because with the way the team is performing & relatively high profile I would have hoped we could have attracted backers with considerable funds.
Do we know that these do not have considerable funds? Paying £13m to me would be considerable!
I would like to see this £13m in the holding company wiped out so it is not there to come back and haunt us every 2-3 years.

I keep doing the Euromillions in the hope that I could write it off.

COYMR
[quote][p][bold]swwindon61uk[/bold] wrote: [quote][p][bold]NewburyRobin[/bold] wrote: I never usually comment here on speculation however I am with Rogersforengland on this one. Lets hope we are wrong because with the way the team is performing & relatively high profile I would have hoped we could have attracted backers with considerable funds.[/p][/quote]Do we know that these do not have considerable funds? Paying £13m to me would be considerable![/p][/quote]I would like to see this £13m in the holding company wiped out so it is not there to come back and haunt us every 2-3 years. I keep doing the Euromillions in the hope that I could write it off. COYMR Oxon-Red
  • Score: 0

12:29pm Wed 30 Jan 13

madterrier says...

As LR has said, we don't know any details whatsoever yet. We don't know what proportion of Andrew Black's loans they have taken over or what they have paid him - but I doubt if it is anywhere near £13m.

Suggest we just wait until details are made public and then let those who understand these matters (i.e. accountants) explain them to us as best they can.
As LR has said, we don't know any details whatsoever yet. We don't know what proportion of Andrew Black's loans they have taken over or what they have paid him - but I doubt if it is anywhere near £13m. Suggest we just wait until details are made public and then let those who understand these matters (i.e. accountants) explain them to us as best they can. madterrier
  • Score: 0

12:30pm Wed 30 Jan 13

swwindon61uk says...

Oxon-Red wrote:
swwindon61uk wrote:
NewburyRobin wrote: I never usually comment here on speculation however I am with Rogersforengland on this one. Lets hope we are wrong because with the way the team is performing & relatively high profile I would have hoped we could have attracted backers with considerable funds.
Do we know that these do not have considerable funds? Paying £13m to me would be considerable!
I would like to see this £13m in the holding company wiped out so it is not there to come back and haunt us every 2-3 years.

I keep doing the Euromillions in the hope that I could write it off.

COYMR
Same here Oxon!
[quote][p][bold]Oxon-Red[/bold] wrote: [quote][p][bold]swwindon61uk[/bold] wrote: [quote][p][bold]NewburyRobin[/bold] wrote: I never usually comment here on speculation however I am with Rogersforengland on this one. Lets hope we are wrong because with the way the team is performing & relatively high profile I would have hoped we could have attracted backers with considerable funds.[/p][/quote]Do we know that these do not have considerable funds? Paying £13m to me would be considerable![/p][/quote]I would like to see this £13m in the holding company wiped out so it is not there to come back and haunt us every 2-3 years. I keep doing the Euromillions in the hope that I could write it off. COYMR[/p][/quote]Same here Oxon! swwindon61uk
  • Score: 0

12:35pm Wed 30 Jan 13

swwindon61uk says...

madterrier wrote:
As LR has said, we don't know any details whatsoever yet. We don't know what proportion of Andrew Black's loans they have taken over or what they have paid him - but I doubt if it is anywhere near £13m.

Suggest we just wait until details are made public and then let those who understand these matters (i.e. accountants) explain them to us as best they can.
can not see it being £13m either,not in one go anyway.
But like most,happy to clear the threat of admin but let's wait and see.
Apparently money is trying to be made available for us for this transfer window.
[quote][p][bold]madterrier[/bold] wrote: As LR has said, we don't know any details whatsoever yet. We don't know what proportion of Andrew Black's loans they have taken over or what they have paid him - but I doubt if it is anywhere near £13m. Suggest we just wait until details are made public and then let those who understand these matters (i.e. accountants) explain them to us as best they can.[/p][/quote]can not see it being £13m either,not in one go anyway. But like most,happy to clear the threat of admin but let's wait and see. Apparently money is trying to be made available for us for this transfer window. swwindon61uk
  • Score: 0

12:40pm Wed 30 Jan 13

ShearerShearer says...

Would like to know who the rest of the group are?
Would like to know who the rest of the group are? ShearerShearer
  • Score: 0

12:42pm Wed 30 Jan 13

stevefol says...

Sold to a double glazing salesman. I can't see this ending well :(
Sold to a double glazing salesman. I can't see this ending well :( stevefol
  • Score: 0

12:47pm Wed 30 Jan 13

grove red says...

Sale done just the FL aproval.
Sale done just the FL aproval. grove red
  • Score: 0

12:54pm Wed 30 Jan 13

the wizard says...

grove red wrote:
Sale done just the FL aproval.
Yes, indeed it is and a very welcome sight and what a relief for all of us. I just hope funds are to be put in place to at least keep Hollands and Martin and the possibility of Madine as well would be the icing on the cake for a certain emotional Italian at the club.

Perhaps we can all draugh breath now after a rather anxious period. I'm still not convinced about JED but lets hope the guys behind him are as transparent as the former board ie:Fitton and Wray. If they are then I think we will all be happy.
[quote][p][bold]grove red[/bold] wrote: Sale done just the FL aproval.[/p][/quote]Yes, indeed it is and a very welcome sight and what a relief for all of us. I just hope funds are to be put in place to at least keep Hollands and Martin and the possibility of Madine as well would be the icing on the cake for a certain emotional Italian at the club. Perhaps we can all draugh breath now after a rather anxious period. I'm still not convinced about JED but lets hope the guys behind him are as transparent as the former board ie:Fitton and Wray. If they are then I think we will all be happy. the wizard
  • Score: 0

1:03pm Wed 30 Jan 13

Davethered says...

I've just heard he's a **** for the Italian maffia
I've just heard he's a **** for the Italian maffia Davethered
  • Score: 0

1:04pm Wed 30 Jan 13

Davethered says...

B1CH
B1CH Davethered
  • Score: 0

1:25pm Wed 30 Jan 13

the wizard says...

Davethered wrote:
B1CH
Is that short for Big Cheese ? LOL
[quote][p][bold]Davethered[/bold] wrote: B1CH[/p][/quote]Is that short for Big Cheese ? LOL the wizard
  • Score: 0

5:06pm Wed 30 Jan 13

BillyLucas4me says...

The fact that all thls depends on Football League approval will be found to be encouraging as we have always seen the wonderful way in which the young rascals forming the Committee solve any situation affecting lower league Clubs
.
No worries then that they might read this!
The fact that all thls depends on Football League approval will be found to be encouraging as we have always seen the wonderful way in which the young rascals forming the Committee solve any situation affecting lower league Clubs . No worries then that they might read this! BillyLucas4me
  • Score: 0

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