As featured on NewsNow: Football news

​Morfuni given green light to complete Swindon takeover

Clem Morfuni has been given the green light by the English Football League to complete a takeover of Swindon.

The prospective buyer of Swindon had to go through the High Court to get a ruling that his Axis Football Investments Ltd could buy out current owner Lee Power for a specific sum.

Now he has passed the EFL's fit and proper test, which all owners and directors are put through. Swindon were relegated from League One last term.

An EFL statement issued on Tuesday evening said: "The EFL is today in a position to confirm it has issued consent to the acquisition of the additional shares in Swindon Town by Mr Clem Morfuni in accordance with EFL Regulations, and it is now a matter for the shareholders to conclude any associated transactions.

"The EFL is looking forward to working with the new ownership as they seek to ensure a successful and viable long-term future for the club.

"In addition to these developments, the League continues to review a number of matters relating to the previous ownership arrangements at the club."

Video of the day:

About the author

Freddie Taylor

×

Subscribe and go ad-free

For only $10 a year

  1. Go Ad-Free
  2. Faster site experience
  3. Support great writing
  4. Subscribe now
Launch Offer: 2 months free
×

Subscribe and go ad-free

For only $10 a year

Subscribe now
Launch Offer: 2 months free