Clem Morfuni given green light for Swindon takeover by EFL - News Summed Up

Clem Morfuni given green light for Swindon takeover by EFL


Prospective Swindon buyer Clem Morfuni has been given the go-ahead to try to acquire a controlling share in the club by the English Football League. Morfuni had approached the governing body to seek prior approval under its owners' and directors' test after the High Court ruled earlier this month that his Axis Football Investments Ltd business had the option to buy out current owner Lee Power. An EFL statement issued on Tuesday evening said: "The EFL is today in a position to confirm it has issued consent to the acquisition of the additional shares in Swindon Town by Mr Clem Morfuni in accordance with EFL Regulations, and it is now a matter for the shareholders to conclude any associated transactions. "The EFL is looking forward to working with the new ownership as they seek to ensure a successful and viable long-term future for the club. "In addition to these developments, the League continues to review a number of matters relating to the previous ownership arrangements at the club."


Source: Sky sports July 20, 2021 18:45 UTC



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