Get involved! Send photos, video, news & views. Text SWINDON NEWS to 80360 or email us
County Ground ownership battle goes to court
SWINTON Reds 20 Ltd and former Swindon Town chairman Jed McCrory are due to meet in court this afternoon, as the confusion regarding the ownership of the club rumbles on.
The hearing at the Rolls Building in London, which is due to start at 2pm, is an extension of an ongoing “series of legal actions” against McCrory on the part of Swinton Reds - the holding company which was reported to have assumed the controlling stake in the club back in December.
On April 1, Seebeck 87 Ltd - the company used to acquire Swindon Town from Andrew Black in January 2013 - gave chairman Lee Power and his co-director Sangita Shah notice that it intended to place three new directors on the club’s board, claiming it remained the Robins’ owner.
Swinton Reds failed in obtaining an injunction against the action when the respective parties were last represented by their legal counsel in court on April 16 and the three directors - namely Adam Fynn, David Smith and Debbie Priestnall - were given, according to the club, the status of “observer directors”, with no power to make resolutions.
Seebeck disagree with that terminology, claiming the three have given an undertaking not to pass any resolutions until after the court reconvenes this afternoon following the case’s two-week adjournment.
McCrory is listed publicly as Seebeck’s major shareholder, with a 50 per cent stake in the company, while Fynn holds 45 per cent.
However, the ex-Town chairman has not been present at any of the meetings between Lee Power’s representatives and Seebeck, which have been held at the County Ground in recent weeks.
The hearing, to be held in courtroom 10 of the Rolls Building, is open to the public.
Comments are closed on this article.