October 2022 Advisory Board Meeting minutes 

Long term £2.95m Debenture debt secured on the Club satisfied after CM repaid this debt.

We know this not to be the case, the debentures were settled on 30th September 2022, Clem sold 22% of his shares in Swinton Reds 20 (1 of 3 holding companies for Swindon Town FC) which shows that was updated on Companies House on the 7th October 2022.

CM provided the legal update and noted that Centerplate had taken up the petition with STFC sending our dispute on the debts claimed. It is now for Centerplate to come back of for the debt to be settled in Court.

As noted publicly CM has now dealt with the Debenture debt secured against the Club with the full £2.95m now being satisfied and paid off by CM.

Again we know this not to be the case, the debentures were settled on 30th September 2022, Clem sold 22% of his shares in Swinton Reds 20 (1 of 3 holding companies for Swindon Town FC) which shows that was updated on Companies House on the 7th October 2022.

Legal Update - Eddie Parlandorio - Reviewing historic c£2.95m debenture debt that was originally set up post Andrew Black’s ownership. CM has now paid off these debentures leaving the Club in a much stronger financial position than it has been for a generation. 

Contradiction as per the July 2022 AB Meeting minutes from Rob Angus and September 2022 AB Meeting minutes which state 2012.

The Club has been charged with a breach of the FA’s funding regulations relating to the previous owner and alleged funding relationships he had in place. The Club will defend its position and likely plead mitigation given that Clem had no knowledge of these arrangements and the Club is being run in a open, transparent and proper manner under Clem’s stewardship. The Club has now made its submissions to the FA and awaits further dialogue from the FA.

The club is being run in an open, transparent and proper manner? Clem has stated on multiple occasions that a convicted money laundering is Vice-Chairman of the club and is going through the EFL Owners & Directors Test, which we all know to be untrue.