Swindon Town charged after undisclosed sale of stake in the club
Football club Swindon Town and its owner Clem Morfuni have been charged with breaching league rules after it failed to declare a "significant interest" share acquisition in the League Two club.
Hollie Kiely, of Swinton Reds 20 Ltd, acquired a 17.1% stake in September 2022. However Morfuni, who took over the club in July 2021, failed to tell the club's management and consequently the EFL. Clubs must disclose to the League details of any shareholder with more than 10% of voting rights.
The share transfer came to light following it... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
