The chairman of Swindon Town football club has denied the League Two side up for sale.
Australian businessman Clem Morfuni has issued a statement following media speculation that a sale was imminent.
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Mr Morfuni, who took over The Robins in 2021, said the club had received expressions of interest from potential buyers, but that “does not equate to actively seeking a sale”.
He also told fans he had also invested £250,000 into the Wiltshire club, in order to “stabilise” its financial position, saying that current revenue was “not sufficient” to cover running costs.
was issued following Swindon Town’s 4-7 upset at the hands of National League side Aldershot Town at home in the first round of the FA Cup on Saturday (November 4).
Mr Morfuni said: “There have been reports and speculation concerning player payments and HMRC issues which I can confirm have been paid and also paid on time. In the past fortnight, I have injected £250,000 to stabilise the club and I will continue to stabilise the club as and when needed.
“We still encounter many difficulties due to the years of mismanagement from the prior ownership and these challenges are still painstakingly being worked through and paid for me.
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“The current club revenue is not sufficient to cover the costs to run the club, with existing deals in place that have been active for years that don’t make us any money and benefit others tremendously. Anthony Hall our CEO has talked me through this at length and our plan is to focus on new revenue streams for the club, we also need to renegotiate all of our less favourable commercial deals and enhance our offerings to generate additional revenue.”
Earlier this year Town announced a £2.3m deal to buy its home venue the County Ground, as part of a joint venture which saw the football club and its supporters take full ownership of the stadium.
In October 2022 the club said it had accrued under previous ownership regimes from £7.5m to £1m.