EFL Statement: Swindon Town
The EFL continues to monitor the ongoing concerning developments at Swindon Town alongside proceedings in the High Court in respect of ownership issues at the Club.
As part of the ongoing court case, it has been determined that through Axis Football Investments Ltd, Mr Clem Morfuni has the option to acquire the shareholding off current owner Lee Power and as a consequence, control of the Club. Mr Morfuni has now made an application to the EFL for prior approval in accordance with the EFL’s Regulations before determining whether to take up that option.
The League continues to work with Mr Morfuni, considering his application, such that if Mr Morfuni does acquire ownership, he is in a position to meet his obligations required under current rules.
The EFL does, however, reserve its position in respect of any matters arising out of the ongoing situation at the Club and will take the most appropriate action available to it under its Regulations.
As it stands, the EFL powers are limited to those as set out in its rulebook and it does not have any right to step in or take control of Club operations in situations such as this with Clubs having rejected the opportunity to explore this further as part of the Owners’ Conduct review in 2017/18.
As part of that review the EFL Board did implement a policy of taking action against individuals and as matters develop and subsequently conclude elsewhere it will determine what, if any, action against individuals is appropriate in the circumstances.
The EFL will continue to work with the Club and relevant stakeholders as they seek to ensure a successful and viable long-term future for the Club and all those associated with it, particularly its players, staff and supporters.
The original article can be found here.
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