AN injunction banning Lee Power from selling Swindon Town without the say-so of an Australian businessman has been lifted.

In May, a judge in the High Court issued a temporary order preventing Robins owner Mr Power selling assets or shares in the club without the written consent of construction mogul Clem Morfuni.

It followed legal wrangling concerning 50-year-old Mr Morfuni’s belief he had paid £1.1m in 2018 for a 15 per cent stake in Swindon Town holding companies Swinton Reds and Seebeck 87.

Six months after that injunction was made, Mr Morfuni and Mr Power appear to have settled the matter out of court.

Senior judge Francesca Kaye, a Master of the Chancery division of the High Court, issued a Tomlin Order dated November 18 stating the proceedings were to be stayed and the injunction granted in May be discharged.

Mr Morfuni’s company Axis Football Investments Limited and Lee Power and his firms Swinton Reds and Seebeck 87 had agreed terms, Master Kaye said.

Those terms remain a secret.

But on the day the order was dated, long-time Swindon Town chief executive Steve Anderson was appointed as a director of both Swinton and Seebeck, according to the firms’ profiles on the Companies House website. Mr Morfuni was appointed as a director of both organisations on November 20.

The short, two-page High Court document, states that there will be no costs ordered against either parties.

The Adver has approached Mr Morfuni, Mr Power and Swindon Town for comment.

READ MORE: How Swindon Town's Lee Power was taken to court over 'club sale'

Last month, Mr Morfuni said: “If I get the 15 per cent shares, there’s no reason why we shouldn’t be able to buy the ground in a 50-50 deal with the Supporters' Trust – there’s no reason why at all.

“The fans have just got to be a bit more patient because it will happen. We just need to sort out the legal issues first.”

Rob Angus of Swindon Town Supporters’ Trust said the resolution of Mr Morfuni’s case was a positive step.

“I think it’s got to be positive," he said.

"We know that things have been really tough right now, given the amount of time that effectively the revenue streams have not been available to the club.”

He said it was now key that there was clarity over how coronavirus bailout money from the Premier League could be paid to EFL clubs “fairly, securely and at speed”.

But there remains confusion over the club’s ownership, with claims that up to 50 per cent of Mr Power’s share in the club is held in trust for former Premier League ace Gareth Barry’s agent Michael Standing.

Another interim injunction, issued last year, prevents Mr Power from selling the club or shares in Swinton and Seebeck without Mr Standing’s permission.

The Adver understands that further hearings will take place in February next year for a judge to decide on whether a full injunction should be granted.