Swindon Town FC faces charges after undisclosed sale of stake in the club

By Nick Batten on 18 December, 2023

Football club Swindon Town and its owner Clem Morfuni have been charged with breaching league rules after it failed to declare a “significant interest” share acquisition in the League Two club.

Hollie Kiely, of Swinton Reds 20 Ltd, acquired a 17.1% stake in September 2022. However, Morfuni, who took over the club in July 2021, failed to tell the club’s management and consequently the EFL. Clubs must disclose to the League details of any shareholder with more than 10% of voting rights.

The share transfer came to light following its publication at Companies House in August 2023.

Swindon Town said it would not be commenting beyond confirming it had been charged.