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TrustSTFC Press Release – Update on transition of ownership of STFC to Axis group and Clem Morfuni.

James Spencer
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Wed 7th July 2021 Press Release Starts TrustSTFC are pleased to see the EFL provide a press release today related to the current situation at Swindon Town FC. The key takeaway we believe from this statement is the extremely positive news that the EFL are working closely with Clem Morfuni and the Axis Group because […]

TrustSTFC Press Release “STFC Ownership Situation and Purchase of Shares from Lee Power”, on Behalf of Axis Group and Clem Morfuni

TrustSTFC Press Release “STFC Ownership Situation and Purchase of Shares from Lee Power”, on Behalf of Axis Group and Clem Morfuni

James Spencer
0
Press Release Date: July 4th 2021 Issued by TrustSTFC on behalf of Axis Group and Clem Morfuni regarding STFC Ownership Situation Press Release begins “It is unfortunate, though not surprising, that Lee Power feels able to provide mis-information and to seemingly abandon the club before transferring the shares by, inexcusably : leaving staff unpaid, not […]

TrustSTFC Press Release – Update on transition of ownership of STFC to Axis group and Clem Morfuni.

TrustSTFC Press Release- Status of Sale of STFC to Clem Morfuni, Axis Group

James Spencer
0
2nd July 2021 The Trust has seen comments/rumours online that Axis and Clem Morfuni don’t have the funds to buy the shares for the purchase of STFC, however the Trust can confirm that Axis has the money for the purchase and is trying to take the proper steps to acquire the shares. If it needs […]

TrustSTFC Press Release – Update on transition of ownership of STFC to Axis group and Clem Morfuni.

STFC Accounts Review – Year Ending May 2020

James Spencer
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The accounts were nearly a month late being submitted and relate to the year ending May 2020, which will only include three months of COVID-19 impact.  The accounts are unaudited and lack detail as the club take advantage of being a small company, whereas over 70% of clubs in league one last year produced full […]

TrustSTFC Press Release – Update on transition of ownership of STFC to Axis group and Clem Morfuni.

Court publishes judgment from 15.06.21

James Spencer
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The Court has today published its judgment from the hearing of 15.06.21. The Trust’ssummary of that hearing appears here. Today judgment is here The outcome The legal arguments are complicated but, as expected, the outcome is as follows: ● The Court rejected Power’s attempts to delay a decision. ● Power is not entitled to sell […]

TrustSTFC Press Release – Update on transition of ownership of STFC to Axis group and Clem Morfuni.

NoMoneyNoPower – Why?

James Spencer
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Introduction This document explains why the Trust – a board of Swindon Town supporters elected by a membership of Swindon Town supporters – is calling for a boycott of income generating activities for Swindon Town whilst under the control of Lee Power.   It is the most difficult decision the Trust has ever made.  It is […]

TrustSTFC Press Release – Update on transition of ownership of STFC to Axis group and Clem Morfuni.

Court Hearing: Pre-Emption Rights

TrustSTFC
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At the last Court hearing between Lee Power, Michael Standing and Axis Football Investments Ltd (“Axis”) there was discussion about “pre-emption rights”.  This article by James Maton, legal adviser for TrustSTFC, explains what they are and why they are relevant to Swindon Town. Formally, Swindon Town is a company called Swindon Town Football Company Limited […]

TrustSTFC Press Release – Update on transition of ownership of STFC to Axis group and Clem Morfuni.

Trust Update on Power v Standing & AXIS Football Investment Court Hearing – 17th May 2021

James Spencer
0
Once again, at the latest Court proceedings in relation to the ownership of Swindon Town Football Club, TrustSTFC Board members were in attendance.  The case continues to be one full of complexities, multiple parties, and a range of legal avenues that could be undertaken.  Below are the key points that arose from the hearing:  The […]

TrustSTFC Press Release – Update on transition of ownership of STFC to Axis group and Clem Morfuni.