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Oops - themaclad - 14-12-2023
Swindon Town and chairman Clem Morfuni have been charged with breaching EFL rules over transferring shares.
The charges relate to a transfer of a 17.1% shareholding to Hollie Kiely of Swinton Reds 20 Ltd in September 2022.
Morfuni is said to have not disclosed the deal to the club's management and subsequently to the EFL, which breaches rules on declaring a 'Significant Interest' share acquisition.
The Australian businessman became majority shareholder in July 2021.
Last month, he insisted he remained committed to the financially-troubled club and denied he is looking to sell.
Clubs have to disclose details of any shareholder with more than 10% of voting rights to the League and also update the official club website with the details for public record.
"Confirmation of the share transfer came to light following its publication at Companies House in August 2023, meaning the club had been in breach of its obligations for the majority of the 2022-23 season," an EFL statement said.
"No charges have been issued in respect of a transfer of a 5% shareholding because that does not exceed the 10% reporting threshold in EFL regulations.
"The charges will now be considered by an independent disciplinary commission."
Swindon said they would be making no further comment in a statement.
The Robins are ninth in the League Two table, a point away from the play-off places.