Nurse
buys Ninth Floors £800,000 debt
By
Phil Dillon
FORMER
Swansea City director Mel Nurse has bought the
club's £800,000 debt from former owners Ninth
Floor, the Evening Post can reveal.
In a fax to chairman Tony Petty, leaked to the
Post this afternoon, Nurse confirmed he had
acquired the debt and said he was desperate for
the club to survive and worried for its future as
regards its position in the league.
The Post revealed yesterday that Nurse had
purchased the club car park and club shop from
the former owners.
This latest twist in the Swansea saga could lead
to pressure being put on Petty to repay the debt
now held by Nurse.
Neither Nurse nor Petty were available for
comment.
The fax from Nurse said: "Yesterday I
acquired from Ninth Floor Plc the indebtedness of
the Swansea City Association Football Club
Limited to them.
"I am grateful to them for their continuing
efforts to aid the club. As a former player and
captain of the club I am desperate to secure its
survival in the Football League.
"The club has to be stabilised if it is not
to fold financially. Sponsors need to be
attracted and further support generated and the
current adverse publicity taken with the feelings
of the general public in Swansea may prove fatal.
"The league table shows that the club is in
real danger of dropping out of the league through
poor results.
"I feel that this would be an inevitable
consequence of the sale or release of its senior
players.
"I am in consultation with my advisors to
determine those steps that I should now take to
safeguard its survival."
Meanwhile, former club chairman Steve Hamer has
hit out at Petty, branding him an opportunist,
and Mike Lewis, the man who sold the club on to
the Aussie-based businessman.
Hamer resigned from the Vetch boardroom after
refusing to sign the prospectus for Swansea's the
then planned flotation on the Alternative
Investment Market of the Stock Exchange.
Since then the club has lurched from one crisis
to another and Hamer is saddened at what has
happened since his departure.
"It is very tragic," he said.
"This guy Tony Petty is clearly an
opportunist but the real culprit is Mike Lewis,
who actually took over the club from Ninth Floor
for a £1.
"He (Lewis) effectively handed this club to
Tony Petty without, I believe, any reference to
the other board of directors. I think Mr Petty
has misread the script. I don't think he
understands the depth of feeling in Swansea.
"If I were him I'd get back on a jet very
quickly and get back to Australia."
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