Swindon Town director Bob Holt has hit back at Best Holdings' claims Swindon Town are to blame for the collapse of takeover talks.

Swindon announced on Tuesday that the deal with Portugese-led BEST Holdings had collapsed but that it is now in talks with a new investor.

The move has sparked a bitter war of words between the two sides with both the club and BEST holdings blaming each other for the collapse.

Holt claims the Portuguese consortium, fronted by American Jim Little, used the takeover as a smokescreen to look for property deals.

Holt laughed off claims by Little they had not seen the club's accounts and countered him by saying the Town board had never received any money from the potential buyers in three months of negotiations.

"These people are men of straw because they did not put a single penny into the club," he said.

"They promised to pay Sir Seton back the next day if he paid the players wages and we never saw any money.

"We signed a few players and a fitness coach because they wanted them.

We've put people up in hotels and flats because they wanted them."

Holt also said the consortium were late for meetings and gave them a hand written note detailing they would pay £8 million over five years.

Little had previously claimed the club had sprung the figure on them when they drew up a new agreement on September 26.

Holt believes 35-year-old Little is trying to turn the fans against the current board.

"Everyone thinks after games we go and count the money, jump in our Rolls Royce's to airport and fly off in our private Lear jets.

"But we are paying to keep this club going.

"Martyn Starnes doesn't claim his expenses and Sandie Gray put £120,000 in of her own money six months ago to help keep it running.

"We are losing £100,000 a month, so after three months of negotiations are further in debt."

Little has called on the board to "do the right thing" and step aside for the sake of the club.

"Helping the club was always our intention," he said.

"We were going to put money in to it, pay for shares and take the liabilities away.

"I hope whatever investment they have works out for the sake of the club. These guys saw we were ready to roll and thought they'd take us for some more money.

"They are playing cards with hands they don't have."

Little claims the breakdown of negotiations started on September 26 when the club came to the consortium with a new clause nine' asking for an extra £8 million to be paid to the Wills family.

The money would have been paid as every six month for five years.

"We continued because we cared about the club but that is when the big rift started," said Little.

"Swindon say the £8million clause was included in the initial contract, it was not. They also requested 50/50 developments on any real estate of the club.

"They are trying to look good out of this thing when they haven't got a leg to stand on. It is like being on your death bed and negotiating how to stay alive."

TrustSTFC has postponed a proposed protest occupation of the Magic Roundabout before the game with Tranmere on Saturday.