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Wednesday, 27 March, 2002, 12:05 GMT
Swindon go into administration
Swindon's County Ground
Troubled times at Swindon's County Ground
Swindon Town have gone into administration for the second time in two seasons.

The Second Division club only came out of administration last season.

But the High Court has agreed to the club's request to give them more time to sort out their current financial crisis.

The administration order will initially last for a six week period.

It is quite clear that the future of Swindon Town football club lies in a property deal that takes them away from the County Ground
Hacker Young

The Professional Footballers' Association had been paying the players' wages and outgoing telephone lines at the club have been cut off.

Administrators from Hacker Young will take over the running of the club and hope to sort out its financial problems.

A spokesman for the administrators has told the BBC that there is no problem fulfilling the clubs fixtures and he is hopeful that he can do a deal with a consortium hoping to take over the club.

A spokesman for Hacker Young said there is hope for the club's immediate future has been secured with money from owner Sir Seton Wills.

ITV Digital

"Sir Seton Wills has provided us with sufficient money to fund the short term administration and has pledged to put more money in as and when it is needed," he said.

"The money that has been injected will ensure that the club certainly fulfills this year's fixture list and we are now making plans to ensure we fulfill next year's."

He said that there are no plans to lay off players, but the club will face difficulties if ITV Digital cannot fulfill its obligation to pay television rights money.

"If the club loses its award and sponsorship money it will certainly create an enormous hole in its cash flow.

"The current reward that second division clubs are receiving is something in the region of 6-700,000 a year.

"It is quite clear that the future of Swindon Town football club lies in a property deal that takes them away from the County Ground."

Administrator Andrew Andronikou
"It's given the club a base"
BBC Sport's David Passmore
"The crucial thing is that being in administration buys the club time"
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