THE Football League insist there is no action pending over the financial situation at Swindon Town, with the club's administrator again declaring the unpaid debts will soon be a thing of the past.

An unpaid £900,000 Company Voluntary Arrangement bill has sparked fears of potential fines or points deductions but, while monitoring the situation, the league insist Town are so far safe from punishment.

The outstanding CVA bill, which has already gone past the June deadline, is a growing concern among Town supporters and, despite the league's assurance no punishment is forthcoming yet, confusion is rife.

A recent letter to the club's creditors regarding the CVA has thrown further confusion surrounding the debts at the County Ground though with Swindon Borough Council also confirming they will be seeking clarification.

The original figure stated as unsecured claims in the CVA agreed in 2002 totalled just over £5 million - but the most recent letter sent out to creditors indicates an unsecured debt of more than £8million.

Administrator and CVA joint supervisor Andrew Andronikou however, has urged people to start looking forward, insisting the recent takeover will put the club on a sound financial footing.

He said: "The CVA issue is almost resolved and it is time everyone started concentrating on what was happening on the pitch. The club needs everyone's support.

"It is a complicated matter and I think people should just leave it. It is being sorted beneficially for everyone."

Football League spokesman John Nagle said: "We are aware of the situation at Swindon and are monitoring it.

"There is no planned action."

A creditors meeting to discuss the way forward with regard the CVA has been cancelled, with Andronikou, pictured right, revealing he still expects the £900,000 bill to met in a short time.

It is thought once the takeover at the club is finalised, believed to be in a week's time, Town's new owners will pay off the debt owed.

A Swindon Borough Council spokesman, said: "We will be seeking clarification on the issue as we are not 100 per cent sure what the figures mean."