Potential Swindon buyer Clem Morfuni has been given the green light to attempt to acquire a majority stake in the club through the English Football League.
Morfuni had approached the governing body for pre-approval as part of the test of its owners and directors after the High Court ruled earlier this month that his company Axis Football Investments Ltd has the option of buying out the current owner. Lee Power.
An EFL statement issued on Tuesday evening said: “The EFL is today in a position to confirm that it has given its consent to the acquisition of the additional shares in Swindon Town by Mr. Clem Morfuni in accordance with the regulations of the EFL, and it is now up to the shareholders to conclude all related transactions.
“The EFL look forward to working with the new owner as they seek to ensure a prosperous and viable long-term future for the club.
“In addition to these developments, the League continues to examine a number of issues relating to the club’s previous ownership agreements.”
Swindon was relegated from League One at the end of last season and the potential change of ownership came against the backdrop of threats of legal action from the city’s Borough Council over unpaid rent on the pitch county and reports that staff and players are not being paid. .
New manager John McGreal, who was appointed at the end of May, left his post with assistant René Gilmartin weeks later, describing his position as “untenable” amid the uncertainty caused by the legal battle for control of the club.