Swindon Town are 'in crisis' according to their Supporters Trust.
The club announced in August that a Portugese consortium had taken control of the club but it later emerged that no deal was ever finalised. The club admitted last week that it was looking to finalise the deal, or open talks with other parties, while the local press claimed that the total price for the deal was £18million including clearing the debts.
The club has over £4million in debts, with a £900,000 final CVA payment now three months overdue. 150 fans protested at the last home game, and trust chairman Paul Davis has told the local press: "We were told in August that the consortium had taken over. People had reservations but accepted it as the new reality. Then we were told it was not quite done and now it appears to have fallen apart."
The club required it's current major shareholder, the Seton family, to bail it out last week as players wages went unpaid. The 2002 deal that took the club out of administration saw a CVA created that would repay £1million to creditors, but just 10% of that has been paid in the five years since.