Swindon ponder administration

  • Last Updated: January 17 2013, 8:15 GMT

Swindon Town are believed to be considering administration for the third time in order to reduce reported debts of around £13m.

Swindon Town: Considering administration to reduce their debts

Owner Andrew Black is said to be unwilling to put further funds into the club, and is seeking alternative investment with possible new owners lined up.

It is believed around £9m would be cleared from the deficit if the club enter administration, but a points penalty of 10-points could be imposed if they do so.

On Thursday morning the club's official Twitter feed said: "Robin's News Swindon Town consider entering administration to cut £13m debts."

Chairman Sir William Patey previously said: "The dream scenario is we'd be in the Championship with new investors and new owners, but there are a lot of other things that could happen too, and I do stress the money situation is extremely tight."

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