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Our ‘friends’ up the 180

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Mrbump53
October 4, 2021, 12:23pm
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The problem they have is the £11m debt that was "written off" when they handed over the ground. If they oust Swann then he will not simply give up on that debt which is now on his accounts. He will simply sell the land on which the ground sits on (which is what he has been trying to do for the last few years) and the club will fold and disappear. They may get a ground sharing agreement with say Brigg but they potentially will not recover from folding or getting kicked out of their (not) ground. As a football fan I would not want that to happen to any club but fear that this is the inevitable path they are going down.
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Stew0_0
October 4, 2021, 1:37pm
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DB
October 4, 2021, 1:58pm
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Quoted from Mrbump53
The problem they have is the £11m debt that was "written off" when they handed over the ground. If they oust Swann then he will not simply give up on that debt which is now on his accounts. He will simply sell the land on which the ground sits on (which is what he has been trying to do for the last few years) and the club will fold and disappear. They may get a ground sharing agreement with say Brigg but they potentially will not recover from folding or getting kicked out of their (not) ground. As a football fan I would not want that to happen to any club but fear that this is the inevitable path they are going down.


I agree with you. Swann may want to sell but he has nothing to sell but a name and a position in League 2. They have no other assets as his company owns anything that is sellable. Come to the end of the season he more than likely will have a name and a place in the NL.

I can't see any buyer taking on a club in this position, and if they don't/won't/can't pay the rent at Glanford park then Brigg Town, or even Gainsborough, are options. Both these grounds don't meet NL standard so it looks as if they will hit the proverbial wall.

Apart from nearest neighbours we also have links with them, Ron Ashman and a certain George Kerr come to mind. If George hadn't played at Scunny then he more than likely would not have managed town in one of our glory periods.




You can please some of the forumites some of the time but not all the forumites all of the time
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RobDef1
October 4, 2021, 2:20pm

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OK. After listening to that, reluctantly, i do now feel for Scunts fans. 'Its the fans fault, its the councils fault, its covid, I continue to back the club, ill leave when I want, have I mentioned covid, all these questions are unfair to me, all the other clubs are doing naughty things but I'm not.'

all...too...familiar


Codhead, socialist, recovered addict.
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The Yard Dog
October 4, 2021, 2:44pm
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Quoted from Mrbump53
The problem they have is the £11m debt that was "written off" when they handed over the ground. If they oust Swann then he will not simply give up on that debt which is now on his accounts. He will simply sell the land on which the ground sits on (which is what he has been trying to do for the last few years) and the club will fold and disappear. They may get a ground sharing agreement with say Brigg but they potentially will not recover from folding or getting kicked out of their (not) ground. As a football fan I would not want that to happen to any club but fear that this is the inevitable path they are going down.


So he was chasing his dream of getting Scunthorpe higher in the football pyamid, spending above the revenue Scunthorpe could recoup, over the years resulting in £11 million in debt.  When his missus stopped his pocket money, he basically robbed Scunthorpe of all their assets in return the £11m is written off.  

So in the future Glanford Park will be Glanford Estate.
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Poojah
October 4, 2021, 2:56pm
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Quoted from RobDef1
OK. After listening to that, reluctantly, i do now feel for Scunts fans. 'Its the fans fault, its the councils fault, its covid, I continue to back the club, ill leave when I want, have I mentioned covid, all these questions are unfair to me, all the other clubs are doing naughty things but I'm not.'

all...too...familiar


It’s uncanny, and almost scary from a Scunny perspective, just how much Swann sounds like Fenty in that interview. The same rhetoric, the same excuses, the same failures.

One thing Fenty never did though is asset strip the club. That could yet turn out to be cataclysmic for them.


A smooth sea never made a skillful mariner.
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MarshMariner
October 4, 2021, 3:14pm
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Quoted from Poojah


It’s uncanny, and almost scary from a Scunny perspective, just how much Swann sounds like Fenty in that interview. The same rhetoric, the same excuses, the same failures.

One thing Fenty never did though is asset strip the club. That could yet turn out to be cataclysmic for them.


Wasn't there a comment of buying £8 million pounds of shares... who the hell values those shares...

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RobDef1
October 4, 2021, 3:40pm

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Quoted from Poojah


It’s uncanny, and almost scary from a Scunny perspective, just how much Swann sounds like Fenty in that interview. The same rhetoric, the same excuses, the same failures.

One thing Fenty never did though is asset strip the club. That could yet turn out to be cataclysmic for them.


That last bit is what has tipped my attitude towards pity. Don't want to see them fold, or ground share for that matter, but its coming.


Codhead, socialist, recovered addict.
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MuddyWaters
October 4, 2021, 4:17pm
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Zero sympathy for Swann, some sympathy for Scunny fans.

He basically called the price tag at £8 million and basically admitted that he sort of treats it like FIFA. His arrogance is stupefying yet unsurprising having met the bloke. Christ, I thought Fenty did well to get £3 million back for Town, how the hell is Swann expecting £8 million for that bag of spanners.
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ginnywings
October 4, 2021, 4:34pm

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Part of me says intercourse 'em, but a bigger part wouldn't want to see them go to the wall. Apart from the local rivalry, there is the issue of another small northern club possibly going under and probably being replaced in the pyramid by a southern team like Stevenage. We've already seen Bury and Macclesfield go recently, with the latter being wound up for debts of around half a million, which put's Scunny's predicament into context.
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