Swindon Town supporter and Labour member.
Joined October 2021
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#stfc Good Morning. I bring you an update from down under and the continuing saga of the Civil Action by BRI Liquidator against Clem Morfuni.
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20/21 If Clem cannot personally pay a $9.3M judgment, the liquidator will issue a Bankruptcy Notice. If he enters personal bankruptcy, a court trustee takes control of his global assets to pay off debts—which would include his ownership shares in Swindon Town FC.
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21/21 Under EFL rules, a formal bankruptcy order or corporate disqualification means an automatic failure of the Owners' and Directors' Test, legally forcing an owner to divest control. This is a massive financial storm heading straight for Clem. 🧵 END
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