Swindon Town owner Clem Morfuni has been fined £10,000 by an independent disciplinary commission for not declaring the transfer of club shares.
Morfuni was charged in December for failing to disclose the transfer of a 17.1% shareholding to Mrs. Hollie Kiely in September 2022, which violated English Football League regulations.
The club and Mr. Morfuni admitted the charges, with Morfuni taking full responsibility for the breach. Clubs are required to inform the league of any’significant interest’ shareholder with more than 10% of voting rights.
Swindon also failed to update the official club website for public record. While it was acknowledged that Swindon suffered an “inadvertent breach” after Morfuni’s administration error, the League Two club was still issued a reprimand and a warning.
Swindon said on its website that it would be making no further comment at this time. Morfuni, an Australian businessman, became a majority shareholder in July 2021.
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