Di Canio’s Departs Swindon

Ian

Ian began writing Twohundredpercent in May 2006. He lives in Brighton. He has also written for, amongst others, Pitch Invasion, FC Business Magazine, The Score, When Saturday Comes, Stand Against Modern Football and The Football Supporter. Ian was the first winner of the Socrates Award For Not Being Dead Yet at the 2010 NOPA awards for football bloggers.

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2 Responses

  1. Nathan says:

    Just more financial doping.

    When will it end?

  2. Alan Jones says:

    It wasn’t financial doping. What happened was that Andrew Black, who was a member of the consortium that saved the club in 2007, wanted out. He was the only member left and was putting money into the club, but decided ‘enough was enough’ and wanted out. He’s been wanting out since the summer, but eventually put a 31st January deadline for the club to be sold.

    The takeover happened, subject to FL approval on the 30th Jan, but they decided to sell Ritchie to cover bills/etc. whilst the club was in limbo, has it has been for the last 3 weeks.

    When Black and co. took over in 2007, the debts were approx £18m., with £900k CVA payment overdue, and over £3m owed to HMRC. When they have left, the debts will be in the region of £3-4m, after they are writing off £10m, and all the money owed is to the previous owners and are ‘soft loans’. No money is owed to HMRC or the bank.

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