Saturday's opponents Swindon Town have boosted their current squad with the signing of two experienced players. They have recruited in striker Chris Martin from Premier League side Norwich City along with Charlton Athletic midfielder Danny Hollands as part of deals that will take them through until January 5th. Both will be available for Yeovil Town's trip to the County Ground.
Martin is a 24 year old Canaries academy graduate, who has played in three matches so far this season for their first team. Meanwhile Hollands is a 27 year old former AFC Bournemouth player who has featured in 14 matches for the Championship side this campaign. Swindon had hoped to also take striker Gary Madine from Sheffield Wednesday this week, but injury problems at Hillsborough have put that one on hold.
The two deals have been sparked by Swindon's recent transfer embargo being lifted by the Football League. The Robins had become the first League One side to fall foul of the new rules brought in for the 2012-13 season, under the League's Salary Cost Management Protocol (SCMP), more informally known as Salary Capping or Financial Fair Play. In their efforts to explain how they got into that situation, Swindon have revealed that they have already spent an allocated playing budget of an astonishing £4.5 million.
New chairman Sir William Patey admits that the club have been overspending - the solution has been for majority shareholder Andrew Black to provide the "equity" that has allowed the Wiltshire side to have the embargo lifted. It's not clear whether this "equity" is in the form of a loan, shares or an unconditional gift. However, Patey admits that they needed that funding to deal with what had been a club living beyond its natural means:
"A new injection of money came into the club. The owner Andrew Black injected enough money into the club to get us out of the current embargo with a little bit of head-room for bringing in new players on loan. It’s not a huge amount, we’re basically spending the whole budget that we had set for the year of £4.5million now instead of waiting until January because we’d already overspent it – hence we got into embargo."
Swindon are this season recording average gates of 9,444 - up around a thousand on last season's 8,454 average. However, their £4.5 million playing budget would put them around four-and-a-half times the level of budget the Glovers are believed to be operating against. They have previously been in administration twice - both at the start of this century, and have not been without various 'scares' since then. Their last set of accounts for the year ending May 31st 2011 revealed a pre-tax operating loss of £1.3 million.
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