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Exeter City money for Troy looks safe

By Exeter Express and Echo  |  Posted: January 24, 2013

money

Money Exeter City are owed from Swindon Town for Troy Archibald-Henville is unlikely to be affected by the Wiltshire club's current financial plight

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THE money Exeter City are owed from Swindon Town for Troy Archibald-Henville is unlikely to be affected by the Wiltshire club's current financial plight.

Swindon chairman William Patey has said that the club's owner, Andrew Black, is unwilling to put further funds into the League One side and is actively seeking fresh investment.

And with debts at the club thought to be around £13m, it has led some to speculate that the promotion-chasing side could be on the verge of administration if a new buyer is not found.

It is something Patey says he cannot guarantee will not happen, but he hopes the club will still get promoted to the championship with new investors and new owners.

However, Swindon Town's woe is also worrying for Exeter City as they have more than £100,000 invested in Robin's continued climb up the Football League ladder.

They are due to be paid £20,000 instalments when Archibald–Henville makes 15, 30, 45 and 60 appearances for Swindon.

They also would get £40,000 if Swindon are promoted to the Championship with Archibald-Henville at the club.

However, Echo Sport understands that the money City are owed will not be affected if Swindon go into administration and are then bought out by another buyer. This is because the Football League's insolvency policy has a condition that all outstanding and future commitments within football are met, as and when required.

The only way City would not receive any money that they were owed for Archibald-Henville would be if Swindon went into administration and then out of business.

The former Spurs man has currently made eight appearances for the Robins this season, with three of those coming in cup competitions.

The centre-back is currently out of the Swindon team having undergone knee surgery. He is due to return to the starting line-up sometime in March.

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