GBH Law advise Swindon Town FC on repayment of historic debts
GBH Law recently advised Swindon Town FC on the repayment of the club’s inherited debt.
In 2021 Kate Doody of GBH Law acted for Axis Football Investments on its purchase of shares in the holding company of Swindon Town FC from Lee Power last year, a deal which saw Clem Morfuni become the majority shareholder and owner of Swindon Town Football Club.
Since the purchase, the team at Swindon Town have worked hard to pay off external debt and GBH Law have recently advised the Club on the repayment in full of historic secured debt (debentures) in a deal that will give financial security to the club and help their plans to purchase The County Ground from Swindon Borough Council.
“I’m pleased to confirm that the historic debentures against the football club have now been satisfied. An incredible amount of work has gone on behind the scenes to get to this stage, and this signifies a positive step for the future of Swindon Town. With our plans to purchase our stadium alongside our supporters progressing well, the future of this great club is looking very bright.”Swindon Town FC Owner, Clem Morfuni.
“It was a pleasure to work with Clem and the team on this deal and I’m delighted to see the release of the debentures which, as Clem says, represents a huge step forward for the Club. I look forward to continuing to work with the Club and to seeing what the future holds!”Kate Doody, Solicitor and Director at GBH Law.