Swindon Town director Bob Holt said the club is already in negotiations with another interested party who want to invest in it.

The Robins announced today the deal with Portuguese consortium Best Holdings had collapsed and they had already entered in an exclusive lockdown agreement with a new potential buyer.

Non-executive director Holt revealed talks had already taken place.

"They have been on the scene for a while and stepped aside because the Portuguese people seemed to be more advanced," he said.

"They are not starting from cold and have already paid some money for a lockout deal."

The new talks represent the end of Best Holdings interest at the County Ground just two months after parading infront of the Sky TV cameras claiming the deal was done.

"It is not embarrassing for the club but it is embarrassing for them," said Holt.

"As far as I can see they did it without consultation with anyone else, that is how confident they were of the deal happening."

Holt was unable to unveil the identity of the new party but says the club's financial concerns are under control, with the Inland Revenue giving assurances to the club's CVA advisor Andrew Andronikou.

He said: "They are making all the right noises and being very good about it considering the situation."