Swindon Town takeover ratified by Football League following discussions

The takeover of Swindon by a consortium has now been approved by the Football League

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The Football League has ratified the takeover of Swindon Town by a consortium led by Jed McCrory, allaying fears the club may have to enter administration for the third time this century.

The League One leaders have enjoyed a successful time on the pitch this season but have struggled for stability off it.

Manager Paolo Di Canio resigned from his post on Monday, with the rest of his backroom team following afterwards.

Robins players Tommy Miller and defender Darren Ward have taken temporary charge of the team.

But developments behind the scenes have proved more positive, with the Football League accepting the consortium's future plans for the club following discussions between the two parties.

"The Board are delighted to announce they have now received clearance from the Football League and have completed of the sale of Swindon Town Football Club to Seebeck 87 Limited, a company backed by a consortium headed by Jed McCrory," read a statement on the club's official website.

"Following completion, which has seen Seebeck 87 acquire more than 99% of the shares in the Club, Sir William Patey, Andrew Black and Russell Backhouse have stepped down from the Board.

"The Club's new board, chaired by Jed McCrory, retains Nick Watkins and welcomes new members Gary Hooper, Steve Murrall and Callum Rice."

McRory himself is keen to begin his new role, with the search for a new manager one of his top priorities.

"This is a tremendously exciting time to be taking charge of Swindon Town Football Club," he said.

"We are aware of the responsibilities we face taking custody of a club with the heritage of Swindon and we take these responsibilities very seriously.

"We will do everything possible to ensure the sustainable long-term future of this fantastic football club.

"Following the resignation of Paolo Di Canio and members of his backroom staff, we have now begun the search for a top class manager and coaching team.

"We will not rush in to any decision, as we must select the right team to preserve our status at the top of the League.

"Once these new appointments are made, we will also seek to further strengthen the squad for the rest of the season. We will endeavour to keep fans as up to date with news as appropriate."