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No conclusion to Swindon Town ownership dispute in latest court hearing

SWINDON Town chairman Lee Power said he wanted to either sell the club or “fund it himself again”, a court heard.
The second claim, made by his barrister at the High Court this afternoon, appeared to go against his position last month – when it was claimed the club was insolvent and the only option was to sell to US investors Able.
Fans had hoped that today’s hearing before deputy High Court judge Nicholas Thompsell would result in more certainty over the ownership of the club. Rival offers have been made by US firm AC Sports Wiltshire LLC and Australian construction mogul Clem Morfuni’s company Axis. ....

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Swindon Town ownership wrangle back in High Court

Swindon Town chairman Lee Power, photographed last year at the Exeter City match Picture: DAVE EVANS
Lawyers for Mr Standing and 15 per cent shareholder Clem Morfuni sought to block Mr Power’s attempt to lift both orders. Mr Morfuni’s company, Axis Football Investment Ltd, is keen to buy the club. It has offered to invest £250,000 – although a letter to Mr Power’s representatives asking for more details of Able’s offer had gone unanswered.
Judge Thompsell, the deputy High Court judge hearing the case on Monday, likened the situation to a car speeding headlong towards a wall with Mr Morfuni and Mr Standing trying to pull the steering wheel one way and Mr Power attempting to turn the car the other way. ....

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