EFL Statement: Clemente Morfuni & Swindon Town
An independent Disciplinary Commission (IDC) has fined Swindon Town owner Clemente Morfuni £10,000 for failing to declare a transfer of shares in the Club, as required by EFL Regulations.
Mr Morfuni had been charged on 7 December 2023 for failing to disclose to the Club’s management the transfer of a 17.1% shareholding to Mrs Hollie Kiely in September 2022.
This led to the Club breaching its requirements to disclose to the League details of any ‘Significant Interest’ shareholder with more than 10% of voting rights and failing to update the official club website for public record.
The Club and Mr. Morfuni admitted the charges, with the latter taking full responsibility for the breach.
While the independent Disciplinary Commission acknowledged Swindon Town suffered an ‘inadvertent breach’ after Mr Morfuni’s administration error, the Club was issued with a reprimand and warning as to its future conduct.
The IDC’s Decision and written reasons are available to view on EFL.com.
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