SWINDON TOWN: McCrory resigns as Town chairman

The Wiltshire Gazette and Herald: Jed McCrory has resigned as chairman of Swindon Town Jed McCrory has resigned as chairman of Swindon Town

JED McCrory has resigned as chairman of Swindon Town.

The Advertiser understands McCrory submitted his resignation to the board of directors during a meeting at the County Ground this afternoon and will leave the club with immediate effect.

His departure comes just hours after Lee Power was officially confirmed as the new owner of the Robins. McCrory is understood to retain a 40 per cent stake in the club through his company, Seebck 87 Ltd.

An official statement is expected later on Tuesday, in which McCrory will cite concerns over his own health as one of the reasons for his departure.

Sangita Shah is expected to stay on as a director of the Robins at least until the publication of the recently-completed club audit, which was conducted by financial experts Hacker Young.

McCrory arrived at the County Ground in February during a rushed takeover after former majority shareholder Andrew Black decided to pull the plug on his Swindon project.

He has since played a part in reducing the footballing budget at the club from £4.5million per year to £3million per year and has also overseen significant reductions in the administrative costs at Town.

Comments (21)

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3:56pm Tue 3 Dec 13

the don69 says...

No surprise,just faster than I expected,thanks for saving us from admin Jed,good luck maybe at Luton LOL!!!!!
No surprise,just faster than I expected,thanks for saving us from admin Jed,good luck maybe at Luton LOL!!!!! the don69

4:05pm Tue 3 Dec 13

International Robin2 says...

He's made a few quid out of buying it for £1.. Just as Freddi said.. The oracle has come true. It's all been for Power to buy the club outright, all Jed's mates have been paid handsomely for their troubles and Jed still allowed to keep 40%. We are deeper into the s#it that we know of. Dodgier than a black market auction!
He's made a few quid out of buying it for £1.. Just as Freddi said.. The oracle has come true. It's all been for Power to buy the club outright, all Jed's mates have been paid handsomely for their troubles and Jed still allowed to keep 40%. We are deeper into the s#it that we know of. Dodgier than a black market auction! International Robin2

4:07pm Tue 3 Dec 13

The Jockster says...

...and with a bulging wallet perchance maybe alledgedly? No Cilla surprise surprise there then?
...and with a bulging wallet perchance maybe alledgedly? No Cilla surprise surprise there then? The Jockster

4:08pm Tue 3 Dec 13

Chish and Fips says...

Jed never really got off on the right footing in my opinion, but we must be thankful for really saving the club.

Let's hope things settle down now - Fredi goes back into hiding :o) and we all live happily ever after.... dream on I hear you say..

Thanks Jed and good luck...and good health if you are a bit moby at the moment.
Jed never really got off on the right footing in my opinion, but we must be thankful for really saving the club. Let's hope things settle down now - Fredi goes back into hiding :o) and we all live happily ever after.... dream on I hear you say.. Thanks Jed and good luck...and good health if you are a bit moby at the moment. Chish and Fips

4:09pm Tue 3 Dec 13

bradley red 1 says...

Well he got what he wanted...money! no loss in my eyes never trusted the guy from the moment he arrived,out of depth along with other members who it would seem have made money out of the club imo!
Well he got what he wanted...money! no loss in my eyes never trusted the guy from the moment he arrived,out of depth along with other members who it would seem have made money out of the club imo! bradley red 1

4:24pm Tue 3 Dec 13

The Jockster says...

So bye bye Mr Jed I you drove our Chevvy to the levee but it'd already bled dry so please pardon me if I don't wipe a tear from my eye......
So bye bye Mr Jed I you drove our Chevvy to the levee but it'd already bled dry so please pardon me if I don't wipe a tear from my eye...... The Jockster

4:27pm Tue 3 Dec 13

smirg kcab says...

Two red and white scarfs on ebay
Two red and white scarfs on ebay smirg kcab

4:31pm Tue 3 Dec 13

port de soller says...

Well all we need is a decent investor to buy out Mr Power or doe he have backers that are yet to be announced????????
Well all we need is a decent investor to buy out Mr Power or doe he have backers that are yet to be announced???????? port de soller

4:32pm Tue 3 Dec 13

who am i says...

thank god............
thank god............ who am i

4:33pm Tue 3 Dec 13

who am i says...

International Robin2 wrote:
He's made a few quid out of buying it for £1.. Just as Freddi said.. The oracle has come true. It's all been for Power to buy the club outright, all Jed's mates have been paid handsomely for their troubles and Jed still allowed to keep 40%. We are deeper into the s#it that we know of. Dodgier than a black market auction!
spot on me thinks
[quote][p][bold]International Robin2[/bold] wrote: He's made a few quid out of buying it for £1.. Just as Freddi said.. The oracle has come true. It's all been for Power to buy the club outright, all Jed's mates have been paid handsomely for their troubles and Jed still allowed to keep 40%. We are deeper into the s#it that we know of. Dodgier than a black market auction![/p][/quote]spot on me thinks who am i

4:35pm Tue 3 Dec 13

Oi Den! says...

Well, there we have it. Who is now going to tell us that McCrory left the club in a better state than he found it in?

Here's hoping a happier chapter starts today.
Well, there we have it. Who is now going to tell us that McCrory left the club in a better state than he found it in? Here's hoping a happier chapter starts today. Oi Den!

4:39pm Tue 3 Dec 13

bradley red 1 says...

Very interesting statement on the official club website from mr power-read it! no mention of jed and one or two remarks about good owners keeping quiet,he dont use twitter and will comunicate through the media,he also paid£300,000 to get rid of people with shares in the club,clear to me of a fall out and he wanted jed gone and out of the way.
Very interesting statement on the official club website from mr power-read it! no mention of jed and one or two remarks about good owners keeping quiet,he dont use twitter and will comunicate through the media,he also paid£300,000 to get rid of people with shares in the club,clear to me of a fall out and he wanted jed gone and out of the way. bradley red 1

4:51pm Tue 3 Dec 13

Davidsyrett says...

Oi Den! wrote:
Well, there we have it. Who is now going to tell us that McCrory left the club in a better state than he found it in?

Here's hoping a happier chapter starts today.
He left the club in a better state than he found it!! Just up to mischief Den!
[quote][p][bold]Oi Den![/bold] wrote: Well, there we have it. Who is now going to tell us that McCrory left the club in a better state than he found it in? Here's hoping a happier chapter starts today.[/p][/quote]He left the club in a better state than he found it!! Just up to mischief Den! Davidsyrett

4:55pm Tue 3 Dec 13

John Young's Grumpy says...

I have also posted this on the other thread ref Jed's going.

All I want to add is that I have met Jed on many, many occasions. In the Legends, in Hospitality and at away games. He has always been polite and engaging. He has not damaged the Club and has introduced more positives than others. He has not, to my knowledge, done anything to harm the club and he stepped in and, yes with support and monies from others, kept us alive to date.

I have met his father who after a long chat assured me his son was very much part of STFC and wanted only the best.

Until I see eveidence - firm evidence - and not the whispers of Fredi or inuendo of others that he was less than above board then he is OK by me.

Jed has had health issues associated with his time boxing and boxing training. He has made no secret of it to those who talk to him and engage in open and honest conversation.

I wish him well and hope he visists and retains contact - especially on game days.

As they say, unless someone shows us factually otherwise then give the man a break. He kept us going and that should be enough to merit more than the abuse he seems to get.

I emphasise that am not a happy clapper nor an ostrich. Just a STFC fan who believes in giving Jed (and Steve Murrall) the benefit of the doubt first. I truly hope I dont regret my words - but I dont think I will.

COYR!!
I have also posted this on the other thread ref Jed's going. All I want to add is that I have met Jed on many, many occasions. In the Legends, in Hospitality and at away games. He has always been polite and engaging. He has not damaged the Club and has introduced more positives than others. He has not, to my knowledge, done anything to harm the club and he stepped in and, yes with support and monies from others, kept us alive to date. I have met his father who after a long chat assured me his son was very much part of STFC and wanted only the best. Until I see eveidence - firm evidence - and not the whispers of Fredi or inuendo of others that he was less than above board then he is OK by me. Jed has had health issues associated with his time boxing and boxing training. He has made no secret of it to those who talk to him and engage in open and honest conversation. I wish him well and hope he visists and retains contact - especially on game days. As they say, unless someone shows us factually otherwise then give the man a break. He kept us going and that should be enough to merit more than the abuse he seems to get. I emphasise that am not a happy clapper nor an ostrich. Just a STFC fan who believes in giving Jed (and Steve Murrall) the benefit of the doubt first. I truly hope I dont regret my words - but I dont think I will. COYR!! John Young's Grumpy

5:15pm Tue 3 Dec 13

mr_flibble says...

Watch Jed'd twitter following plummet.
Watch Jed'd twitter following plummet. mr_flibble

5:16pm Tue 3 Dec 13

the wizard says...

I do pity Power having taken over the poisoned chalice of ownership. I just wonder now how long it will be until some start back stabbing him and wishing him gone, opps!!!!! sorry !!!!!! what am I thinking of, that started a long while back. Some here are definitely never happy no matter what some others try to achieve. It was Jed or oblivion, next time we may not get the choice and the out going owner may just say, "to hell with you lot" and consign the club to the lower non leagues. Maybe then some could slow roast in their own oil all the way to their version of happiness. Christchurch the vile that comes out here on some days has to be seen to be believed. I just hope that some are happy now that Jed has gone.
I do pity Power having taken over the poisoned chalice of ownership. I just wonder now how long it will be until some start back stabbing him and wishing him gone, opps!!!!! sorry !!!!!! what am I thinking of, that started a long while back. Some here are definitely never happy no matter what some others try to achieve. It was Jed or oblivion, next time we may not get the choice and the out going owner may just say, "to hell with you lot" and consign the club to the lower non leagues. Maybe then some could slow roast in their own oil all the way to their version of happiness. Christchurch the vile that comes out here on some days has to be seen to be believed. I just hope that some are happy now that Jed has gone. the wizard

6:11pm Tue 3 Dec 13

old town robin says...

the wizard wrote:
I do pity Power having taken over the poisoned chalice of ownership. I just wonder now how long it will be until some start back stabbing him and wishing him gone, opps!!!!! sorry !!!!!! what am I thinking of, that started a long while back. Some here are definitely never happy no matter what some others try to achieve. It was Jed or oblivion, next time we may not get the choice and the out going owner may just say, "to hell with you lot" and consign the club to the lower non leagues. Maybe then some could slow roast in their own oil all the way to their version of happiness. Christchurch the vile that comes out here on some days has to be seen to be believed. I just hope that some are happy now that Jed has gone.
Wizard, Jed has not gone, he is still on the board and owns shares worth £200k. I don't begrudge him the money he has made from his venture, after all in case anyone thought he was here because he's a football man, he is first and foremost a very shrewd business man that saw an opportunity to make money with next to nothing to stake. He has paid himself and his buddies consultancy fees and sold most of our assets until there is not too much left he can rake off. He knew his time was up and got out well still ahead.

Like many others I have not continued to express negative opinions of his lack of financial commitment and the untruths he has told, because until now it changed nothing. In answer to your comment are we happy now he;s gone, YES very happy, but will be even more happy when he's completely gone.
[quote][p][bold]the wizard[/bold] wrote: I do pity Power having taken over the poisoned chalice of ownership. I just wonder now how long it will be until some start back stabbing him and wishing him gone, opps!!!!! sorry !!!!!! what am I thinking of, that started a long while back. Some here are definitely never happy no matter what some others try to achieve. It was Jed or oblivion, next time we may not get the choice and the out going owner may just say, "to hell with you lot" and consign the club to the lower non leagues. Maybe then some could slow roast in their own oil all the way to their version of happiness. Christchurch the vile that comes out here on some days has to be seen to be believed. I just hope that some are happy now that Jed has gone.[/p][/quote]Wizard, Jed has not gone, he is still on the board and owns shares worth £200k. I don't begrudge him the money he has made from his venture, after all in case anyone thought he was here because he's a football man, he is first and foremost a very shrewd business man that saw an opportunity to make money with next to nothing to stake. He has paid himself and his buddies consultancy fees and sold most of our assets until there is not too much left he can rake off. He knew his time was up and got out well still ahead. Like many others I have not continued to express negative opinions of his lack of financial commitment and the untruths he has told, because until now it changed nothing. In answer to your comment are we happy now he;s gone, YES very happy, but will be even more happy when he's completely gone. old town robin

6:15pm Tue 3 Dec 13

Swindonian63 says...

John Young's Grumpy wrote:
I have also posted this on the other thread ref Jed's going.

All I want to add is that I have met Jed on many, many occasions. In the Legends, in Hospitality and at away games. He has always been polite and engaging. He has not damaged the Club and has introduced more positives than others. He has not, to my knowledge, done anything to harm the club and he stepped in and, yes with support and monies from others, kept us alive to date.

I have met his father who after a long chat assured me his son was very much part of STFC and wanted only the best.

Until I see eveidence - firm evidence - and not the whispers of Fredi or inuendo of others that he was less than above board then he is OK by me.

Jed has had health issues associated with his time boxing and boxing training. He has made no secret of it to those who talk to him and engage in open and honest conversation.

I wish him well and hope he visists and retains contact - especially on game days.

As they say, unless someone shows us factually otherwise then give the man a break. He kept us going and that should be enough to merit more than the abuse he seems to get.

I emphasise that am not a happy clapper nor an ostrich. Just a STFC fan who believes in giving Jed (and Steve Murrall) the benefit of the doubt first. I truly hope I dont regret my words - but I dont think I will.

COYR!!
Good post, I'd echo those sentiments. Some of the comments on here are totally crass, impugning his reputation without any evidence to back it up is a disgrace.

I too wish him well.
[quote][p][bold]John Young's Grumpy[/bold] wrote: I have also posted this on the other thread ref Jed's going. All I want to add is that I have met Jed on many, many occasions. In the Legends, in Hospitality and at away games. He has always been polite and engaging. He has not damaged the Club and has introduced more positives than others. He has not, to my knowledge, done anything to harm the club and he stepped in and, yes with support and monies from others, kept us alive to date. I have met his father who after a long chat assured me his son was very much part of STFC and wanted only the best. Until I see eveidence - firm evidence - and not the whispers of Fredi or inuendo of others that he was less than above board then he is OK by me. Jed has had health issues associated with his time boxing and boxing training. He has made no secret of it to those who talk to him and engage in open and honest conversation. I wish him well and hope he visists and retains contact - especially on game days. As they say, unless someone shows us factually otherwise then give the man a break. He kept us going and that should be enough to merit more than the abuse he seems to get. I emphasise that am not a happy clapper nor an ostrich. Just a STFC fan who believes in giving Jed (and Steve Murrall) the benefit of the doubt first. I truly hope I dont regret my words - but I dont think I will. COYR!![/p][/quote]Good post, I'd echo those sentiments. Some of the comments on here are totally crass, impugning his reputation without any evidence to back it up is a disgrace. I too wish him well. Swindonian63

9:29pm Tue 3 Dec 13

ciclosporindorset says...

This site attracts some good people and some total twots. It's very easy to work out who is who. Best wishes Jed.
This site attracts some good people and some total twots. It's very easy to work out who is who. Best wishes Jed. ciclosporindorset

9:48pm Tue 3 Dec 13

MarksDad says...

ciclosporindorset wrote:
This site attracts some good people and some total twots. It's very easy to work out who is who. Best wishes Jed.
My thoughts exactly.

We do have a very small minority who have very small minds.
[quote][p][bold]ciclosporindorset[/bold] wrote: This site attracts some good people and some total twots. It's very easy to work out who is who. Best wishes Jed.[/p][/quote]My thoughts exactly. We do have a very small minority who have very small minds. MarksDad

1:39am Wed 4 Dec 13

uruguay whitey the red says...

murall and jed hardly ever seen without a pint in there paws,always in a pub/bar and if u listened to the rubbish jed wud spout about his dark past with lutons underworld and the edl!!!,glad they aren't `top dogs`anymore.
murall and jed hardly ever seen without a pint in there paws,always in a pub/bar and if u listened to the rubbish jed wud spout about his dark past with lutons underworld and the edl!!!,glad they aren't `top dogs`anymore. uruguay whitey the red

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