Clem Morfuni pays £1.4m to unidentified third-party creditor, with debt secured against club's assets in new debenture
06.05.26, 20:28 Updated 13.05.26, 15:57 6 Minute Read
Sam Morshead
A new debenture has been registered against Swindon Town by one of chairman Clem Morfuni’s Axis group of companies.
The debt, which has been secured against the club’s assets, is a result of Morfuni having to find £1.4million to satisfy a third-party creditor, who recently came forward with a demand for repayment.
That creditor is believed to have leant money to Town in September 2022, as part of a short-notice fundraising initiative which was required to prevent the club potentially being placed into administration.
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Sam Morshead is the founder and editor of The Moonraker. He was previously the chief sports writer at the Swindon Advertiser, head of sport at Total Swindon, and has been a Swindon Town fan since 1994.