TrustSTFC Press Release – Update on transition of ownership of STFC to Axis group and Clem Morfuni.
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 as part of the ownership transfer process Clem requires formal prior approval to control the club (in accordance with the EFL’s Regulations), prior to finalising the share purchase for STFC from Lee Power.
In light of this TrustSTFC urge the EFL to approve this full ownership approval from Mr Morfuni straight away to ensure the sale can proceed as quickly as possible. TrustSTFC have previously completed significant due diligence on Clem Morfuni and the Axis Group and expect no issues as part of this full application.
Press release ends.