THE ARCHIVE
Sharp end
Swindon, Brentford, Rushden | Swindon, Brentford, Rushden |
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Rancour is in the air at Swindon Town, where supporters are rallying around a “fans consortium” seeking to wrest control of their club, which is around £3 million in debt and perilously in arrears on Company Voluntary Arrangement payments. Fans have been staging “orange protests” – turning up in orange garb, in part because it’s manager Paul Sturrock’s favourite colour and was the symbol of Ukraine’s revolution – at games. But the old guard are proving tough to shift. Confidence in the existing board, fronted by the patrician tobacco magnate Sir Seton Wills and family, who have long-standing connections with the club, has declined rapidly. It recently emerged that Swindon have failed to pay a £100,000 CVA instalment that was due in June 2006, even though supporters at the club’s AGM were led to believe that it had been met. If that amount and the remaining £900,000 of the CVA are not paid by June 2007, then liquidation looms. Throw in the fact that the club haven’t filed their accounts for last year either and the task confronting the fans’ consortium is clear. The consortium has been put together by the supporters’ trust, TrustSTFC, with the bulk of its funding provided by former director Bill Power (who only quit in the autumn after falling out with fellow board members) and his business partner Phil Emmel. The takeover package includes the promise of one, possibly two, elected supporter seats on the board as well as a redevelopment scheme for the expansive County Ground site, drawn up in conjunction with the local council, to include leisure, retail and residential projects. From WSC 24o February 2007. What was happening this month On the subject...
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