LEE Power remains the owner and chairman of Swindon Town Football Club after a High Court judge ruled in his favour this morning.
In a very short hearing following a two-day case last week, Nicholas Strauss QC, deputy judge of the High Court, found the share subscription agreement between Swinton Reds 20 and Seebeck 87 had been extended for three years last May.
Swinton Reds, the holding company owned by Power, had sought rectification of the register of Seebeck, which owns 98.5 per cent of shares in the club.
Power’s holding company claimed to have acquired 99 per cent of the shares in Seebeck from Jed McCrory, Town’s former chairman, which Judge Strauss held up.
Speaking to the media after the hearing, Power said: “Without Sangita the football club would be in a lot of, lot of trouble. Obviously I live overseas and there’s been so much nonsense over the last seven months.
“I said to the fans it’s been very difficult for me because we can’t say much because of the proceedings, but Sangita has been there day-in-day-out, worked 14, 15-hour days on this case.
“We were dealing with rogues. There’s no other way to describe it, they’ve tried everything they can under the sun, as you can see by the evidence there and obviously by the judge’s summing up.
“Lie after lie, Mr McCrory’s told. He’s been found out, but it’s caused the football club a lot of damage over the last two or three months.
“Season tickets have stopped, sponsors have pulled out because of the uncertainty and it’s been left to myself and Sangita to financially pick up the pieces and fund the club because we’ve had no income.
“And secondly, our own reputations [have] been on the line and I feel that from when I took over there’s been, like some people, unsure about things.
“The only good thing out of this court case, hopefully now, was that the fans can now see what’s fact not hearsay - I’ve spent over £2m on this football club.
“I’ve tried and worked as hard as I can. Like the judge says in his summing up, I’ve done nothing, but tell the truth so I’m hoping now that the fans will get behind us and start buying the season tickets because I can’t do it on my own.
“We’ve got a job to do now, which is to try and sign some players, get a team ready for the start of the season, but we need the fans back on-side.
“Hopefully we’ve seen the back of these people. These aren’t the type of people we want in football.”