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Takeover Confirmed But Ritchie Goes
Town sell star player to Bournemouth just hours before Black and consortium exchange contracts
Matt Ritchie is no longer a Swindon player after signing for Bournemouth tonight in a three-and-a-half year deal.
The transfer was concluded just hours before STFC owner Andrew Black exchanged contracts with a consortium to sell the Club.
With just one day remaining in the transfer window, Town accepted what is believed to be a £500,000 bid for their star player after turning down a reputed £900,000 from the same club last summer.
Both deal still needs League approval, however.
Club Statement
STFC: Upon completion, most of the Club’s existing debt will be written off, the threat of administration will be avoided and Paolo Di Canio and the squad will be able to concentrate on football and the challenge of making Swindon a Championship club next season.
Chairman Sir William Patey commented: “This is an important day for the Club, with the current owners writing off most of their debts and the new consortium’s funding, the Club has a strong financial base to continue the battle for Championship football. I look forward to updating you with more details as soon the deal receives Football League approval.” |
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Swindon Town FC - website |