TrustSTFC has today published an open letter to the clubs major shareholders, Sir Seton and James Wills in the wake of fresh revelations about the scale of the financial crisis enveloping the club.
The Swindon Advertiser today reports that the Portuguese consortium bidding to take over the club is being asked for as much as £18 million to take over the club, including money to purchase the shares and clear immediate debts.
It has also been revealed the as well as the £900,000 final CVA payment now three months overdue, the club owe a scarcely believable £1.8 million to HM revenue and customs, and a further £1.5 million to other creditors.
The full text of the open letter can be read by clicking on this link. It concludes :-
"We are sure you would agree that under the astute leadership of Paul Sturrock the club is in better shape on the pitch than it has been for a very long time. It would be a crying shame if that work were to be undermined by events off the field."
"If, as seems to be the case, the deal with Best Holdings is floundering we urge you to cut out the middle-men and take personal command of the situation by picking up the phone and talking directly to all interested parties before it is too late."
TrustSTFC are intending to hold an emergency fans forum open to all fans to attend as soon as possible. More information about the date and venue will be published when those details are finalised.
http://www.truststfc.co.uk/news_item.php?id=1122
