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

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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 providing pre-season training or conditioning for the players this last week, not paying the rent for some 18 months, and so on. Contrary to Power’s protestations, Axis are ready and willing to buy his shares and indeed have lodged all the money with their solicitors precisely for that purpose. Axis’ lawyers have repeatedly written to Power’s lawyers in recent days and, quite lamentably, the replies have been entirely unsatisfactory. Our lawyers will continue to pursue this matter vigorously to its conclusion and it is hoped that Axis will be confirmed as the new owner this week.”

Press Release Ends

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