Swindon Town and their chairman, Clem Morfuni, are facing charges from the EFL (English Football League) for violating league rules. The charges stem from the transfer of a 17.1% shareholding to Hollie Kiely of Swinton Reds 20 Ltd in September 2022.
The EFL alleges that Morfuni failed to disclose this share transfer to both the club’s management and the league itself. This lack of disclosure is considered a breach of rules that mandate the declaration of a ‘Significant Interest’ share acquisition. The charges highlight a potential failure to adhere to proper procedures and transparency requirements in the transfer of shares within the football club.
The EFL’s scrutiny centers on the alleged non-disclosure of the share transaction, emphasizing the importance of transparent communication between club officials and league authorities. By neglecting to inform both the club’s management and the EFL about the share transfer to Hollie Kiely, Morfuni is accused of violating rules established to ensure openness and fair play in the governance of football clubs.
As the legal proceedings unfold, Swindon Town and Clem Morfuni will face the consequences of these charges, which could have implications for the club’s standing within the league. The case underscores the significance of adhering to EFL regulations to maintain the integrity and reputation of football clubs participating in the league.
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