Clem Morfuni

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Clem Morfuni is an Australian businessman who is the majority owner of Swindon Town.

Career

In 2021, Morfuni became the majority owner of English side Swindon Town. [1] [2] [3] [4]

In August 2023, Mr Morfuni was accused by the Swindon Advertiser of transferring shares of the football club to two other individuals. [5] CEO Rob Angus read out a prepared statement at the club's fan forum stating: "We were made aware this morning via Companies House that there was a confirmation statement update on the ownership structure of Axis Football Investments Limited of Swindon Town Football Club."[ citation needed ]

Mr Morfuni later admitted that he did not own 100% of the club and had transferred shares as part of an agreement with regards to the club's debt with previous owner Lee Power. [6] In September 2023, the EFL opened an investigation into issues surrounding the club's ownership. [7]

In November 2023, Morfuni issued a statement [8] rejecting some elements of a report by sports journalist Ryan Whelan. [9] The report claimed that the club had been placed up for sale and some staff members hadn't been paid on time. Mr Morfuni admitted that revenue wasn't enough to cover costs, so a cash injection was needed, as detailed in the report by Whelan. It was also stated by Morfuni that "entertaining" of offers to purchase the club does not mean it is for sale. The Swindon Town Supporters Trust issued a statement claiming they had received similar information to Whelan but had been unable to verify it. They called on Mr Morfuni to allow them access to financial records which had been promised at a previous meeting. [10] [11] An interview was then published in Forbes Australia reiterating what was said in the statement whilst claiming Mr Whelan was "taking a swipe" at him whilst recalling a conversation with Look Sports Media over the story. [12] This conversation has been refuted by the publication and journalist. [13]

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References

  1. ↑ "Meet the Sydney plumber who saved an English soccer club from oblivion". smh.com.au. 17 September 2021.
  2. ↑ "The Aussie plumber who bought a UK football team". forbes.com. 19 September 2022.
  3. ↑ "Clem Morfuni: The Sydney plumber giving Swindon Town reasons to smile". thetimes.co.uk (Archived). Archived from the original on 2023-03-31. Retrieved 2023-09-08.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  4. ↑ "'I'M PASSIONATE': MEET THE CASHED-UP SYDNEY PLUMBER WHO BOUGHT SWINDON TOWN". ftbl.com.au.
  5. ↑ "Questions over ownership of Town as shares appear to be 'transferred'". Swindon Advertiser. 2023-08-17. Retrieved 2023-11-14.
  6. ↑ "Clem Morfuni comes clean on hidden debt that forced handing over STFC shares". Swindon Advertiser. 2023-08-17. Retrieved 2023-11-15.
  7. ↑ "Swindon Town face possible fine as EFL investigate 'various matters'". Swindon Advertiser. 2023-09-22. Retrieved 2023-11-15.
  8. ↑ "Club Statement: An update from Clem Morfuni". www.swindontownfc.co.uk. Retrieved 2023-11-14.
  9. ↑ Whelan, Ryan (2023-11-04). "Exclusive: Update On Swindon Town Wages & Ownership". Look Sports Media. Retrieved 2023-11-14.
  10. ↑ Spencer, James (2023-11-07). "TrustSTFC Update – November 2023 – TrustSTFC" . Retrieved 2023-11-14.
  11. ↑ "Possible buyers for Swindon Town 'investigated' by fans' group". uk.style.yahoo.com. 2023-11-07. Retrieved 2023-11-15.
  12. ↑ "Aussie plumber who bought a UK football team dispels finance rumours". Forbes Australia. 2023-11-08. Retrieved 2023-11-14.
  13. ↑ "https://twitter.com/RyanJWhelan/status/1722555819026153533?s=19". X (formerly Twitter). Retrieved 2023-11-14.{{cite web}}: External link in |title= (help)
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