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A MAJOR investor is poised to secure Swindon Town's long-term future, with the club claiming a multi-million pound deal is on the verge of being sealed.
With a £900,000 CVA (Creditors Voluntary Agreement) bill hanging over their heads, the club yesterday assured fans a deal was tantalisingly close to "securing the club's future for the next three or four years".
CVA supervisor Andrew Andronikou is championing the move but has warned dissenting fans their actions could prejudice the deal and the club's future.
It has been made clear the potential new investment is a separate development to the proposed takeover headed by former investor Bill Power.
Confusion remains over the due date of the final £900,000 CVA payment, with Andronikou insisting the company have another year to settle the debts, despite the original date being the end of June.
Meanwhile Town non-executive director Bob Holt has confirmed they are hopeful of announcing a major new investor "within the next couple of weeks.'' Andronikou said: "I have information in my hands that the club are very close to agreeing a deal to secure the long term future of the club, this would deal with the CVA as well.
"It's brilliant news. I am championing the cause and something could be announced within the next three to four weeks. This should give supporters confidence with regard the long-term future of the club.
"Some of the questions a minority of fans have raised have prejudiced the club's future. Hopefully now they can show some faith and let the board get on with their work.
"Discussions are in hand now and it will take the club out of the CVA. An investor
should be putting sufficient funds in
to hopefully deal with the CVA and secure the long-term future of the club for the next three or four years."
Trust STFC chairman Paul Davis and backer of the fans' consortium's takeover bid declined to comment until he saw details of the investment.
Andronikou said: "There have been a lot of developments at the club and the management and directors have done extremely well over the last few years.
"They raised three million to get the company out of trouble and since my six years of tenure three million to keep me going."
Holt confirmed: "We always said people were interested. That may materialise quicker than we thought. An announcement will be made in the next week hopefully.''