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Legal cases stall audit release
THE full details of Swindon Town’s recent audit will not be made public until a number of legal cases involving the club are concluded, according to director Sangita Shah.
Accountancy firm Hacker Young conducted the forensic examination of Town’s books last year, completing their work in November, and since then a basic set of accounts have appeared on the Companies House website while Shah herself released a watered down commentary of what fans can expect to see when the results of the survey come to public light.
However, Swindon are currently engaged in legal battles on at least three fronts and Shah told the Advertiser that it was in the best interests of the club for some of the finer points of the audit to remain private for the time being.
“I felt there were mixed messages regarding what I was going to disclose,” she said. “I did a commentary and I know people said that wasn’t enough and they want to look at the numbers.
“There are some numbers which I think are publically available as well but at this stage I think that is all we are going to disclose. I don’t want to go into more detail of the club’s finances but what we’ve said is we’ll have a Q&A and financial debate in terms of the status in an AGM, but not at the moment.
“When things have settled down with all the legal disputes we’ll be happy to do that.
“At the moment, because we have quite a lot of litigation going through, the details that are over and above what is published on Companies House we will not be able to go into just because we can’t. Legally it would be silly to do it.
“People will say ‘hang on, you were talking about transparency’. We’re definitely up for transparency but we have been counselled.
“There are a few cases which are ongoing and with those cases it’s not in our interest to publish detailed finances of the club.”
The Advertiser understands that Town are engaged in legal disputes with former defender Alberto Comazzi and striker Adam Rooney, while it is also believed that Paolo Di Canio’s agent Phil Spencer has submitted a claim against the Robins.
Comazzi was employed as a consultant by Town as part of the agreement reached to terminate his contract in Wiltshire before being convicted of match-fixing in his native Italy. He is reportedly trying to recoup £143,200.
Rooney’s representatives came to an agreement with the board of former owner Andrew Black back in August 2012 which ensured the forward’s loan move from Birmingham would lead to a permanent contract last August, only for Town to renege on the deal as they suggested the paperwork was not legitimate.
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