EFL Greenlights Morfuni’s Swindon Town Takeover Bid
In a significant development for Swindon Town FC, prospective buyer Clem Morfuni has received official approval from the English Football League to pursue a controlling stake in the club. This Jaya9 exclusive reveals how Morfuni’s Axis Football Investments Ltd successfully navigated the EFL’s rigorous owners’ and directors’ test following a crucial High Court ruling earlier this month that granted them purchase options over current owner Lee Power’s shares.
The Road to Ownership Change
The EFL’s statement confirms: “We’ve issued consent for Mr. Morfuni‘s additional share acquisition in accordance with EFL Regulations.” Football finance expert Mark Thompson tells Jaya9: “This approval represents a critical step toward stabilizing a club that’s faced considerable turmoil in recent months.”
Key aspects of the transition include:
- Completion of shareholder transactions
- Resolution of outstanding financial issues
- Implementation of new management structures
Challenges Facing the New Ownership
Swindon’s situation remains complex as the club:
- Suffered relegation from League One last season
- Faces legal threats from Swindon Borough Council over unpaid County Ground rent
- Deals with reported wage delays for staff and players
Former manager John McGreal’s abrupt departure after just one month highlights the instability, with the coach describing his position as “untenable” amid the ownership uncertainty.
Looking Ahead: Rebuilding Swindon Town
The EFL emphasized its commitment to “working with new ownership to ensure a successful, viable long-term future” while continuing to review issues from previous ownership. As analyst Sarah Williamson notes: “Morfuni’s first tasks will be stabilizing finances, rebuilding trust with supporters, and preparing the squad for a League Two promotion push.”
For continuous updates on this developing story and more in-depth football analysis, stay tuned to Jaya9 – your premier source for football insights and breaking club news. What are your predictions for Swindon’s future under potential new ownership? Share your thoughts in the comments below!
