Swindon Town and their owner Lee Power have been charged with breaching Football Association regulations regarding the ownership and/or funding of the League One club.
Sports agency First Touch Pro Management and its company director Michael Standing face similar charges. Standing has previously stated he acquired 50% of Swindon's holding company when Power bought the Robins in 2013. Under FA regulations, agents are not allowed to own clubs because of potential conflicts of interest.
At an FA hearing, it was found that agent Michael Standing had been pumping money into Swindon, with Standing claiming to be owed a staggering £7.5m.
The technical details:
First Touch Pro Management were charged with breaching intermediaries regulation E4, relating to owning/seeking to own Swindon Town.
Power and Swindon have been charged with FA rules E1.2 and E9 (agreement to breach rules/regs) in having an agreement for Standing and First Touch to have an interest in Swindon (contrary to intermediaries reg E4).
If the Independent Regulatory Commission finds the rules were breached then Standing and Power are facing bans and fines, while Swindon could be hit with a points deduction.
All parties have until 22 April to provide their responses.
Swindon said the club was made aware of the charges on Wednesday morning and are seeking legal advice.
Sports agency First Touch Pro Management and its company director Michael Standing face similar charges. Standing has previously stated he acquired 50% of Swindon's holding company when Power bought the Robins in 2013. Under FA regulations, agents are not allowed to own clubs because of potential conflicts of interest.
At an FA hearing, it was found that agent Michael Standing had been pumping money into Swindon, with Standing claiming to be owed a staggering £7.5m.
The technical details:
First Touch Pro Management were charged with breaching intermediaries regulation E4, relating to owning/seeking to own Swindon Town.
Power and Swindon have been charged with FA rules E1.2 and E9 (agreement to breach rules/regs) in having an agreement for Standing and First Touch to have an interest in Swindon (contrary to intermediaries reg E4).
If the Independent Regulatory Commission finds the rules were breached then Standing and Power are facing bans and fines, while Swindon could be hit with a points deduction.
All parties have until 22 April to provide their responses.
Swindon said the club was made aware of the charges on Wednesday morning and are seeking legal advice.