Debts to Clem Morfuni surpass £10m as Swindon Town post substantial loss for 2024/25

Town’s accounts for the most recent full financial year were published on Friday (February 27), painting an increasingly stark picture of the realities of the football industry in 2026.

As previously reported by The Moonraker on multiple occasions, Morfuni has been propping up the club’s day-to-day operations at an average of more than £200,000 per month over the past year-and-a-half.

This money has been made available to the business in the form of zero-interest loans, with the total amount nominally due to Morfuni and his Axis companies in excess of £10m – a rise of more than 20 per cent year-on-year.