Our ‘friends’ up the 180

Apologies if I've missed it, but hasn't Swann cleared their debt in exchange for the stadium?  So there's no imminent financial threat, other than Swann cutting and running?  

I care as much for their plight as their fans would care for ours in a similar situation. Having had the misfortune of living there I know how much they HATE us. It’s all they’ve got, their pathological resentment of the ‘cod heads’.  Fucck em.

Quoted from MarinerDevil

Apologies if I've missed it, but hasn't Swann cleared their debt in exchange for the stadium?  So there's no imminent financial threat, other than Swann cutting and running?  

In other words, the club is worth jack excrement.

His shareholding is £8 million.

Quoted from MarinerDevil

Apologies if I've missed it, but hasn't Swann cleared their debt in exchange for the stadium?  So there's no imminent financial threat, other than Swann cutting and running?  

They have zero assets and are spiralling down the leagues whilst remaining loss making. Swann’s response to that is to tighten the purse strings further, spiral some more and repeat the process again as crowd numbers and other incomes continue to dwindle - they are already getting lower crowds than the likes of Sutton United and less than half of what Town are currently pulling in with virtually no away followings at BP.

So Swann owns the ground and training facilities, and wants £8m+ in order to part company with those assets and the club itself. No one with the football club in mind is going to pay anything like that figure.

So Swann has a bit of a problem on his hands - he has assets that he values at north of £8m that are worth nothing like that in their current form, and by his own admission businesses in the hospitality industry which have been ‘battered’ by Covid. It’s been well publicised that the land Glanford Park sits on is quite valuable due to the surrounding retail environment that has built up around it. Probably less valuable now given the challenges bricks and mortar retail are having, but that chunk of land is worth significantly more as a prospective cinema (for example) than as the stadium of a struggling, skint football club.

Swann has no real connections with the football club or the town of Scunthorpe. He isn’t a fan of the club.

What he ultimately does will probably come down to a question of what he cares more about: Scunthorpe United or his £8m. If I were a Scunny fan, I would find that a deeply uncomfortable place to be.

My prediction: if they get relegated this season (and there’s a good chance they will), things will unravel very, very quickly.

Quoted from Poojah

They have zero assets and are spiralling down the leagues whilst remaining loss making. Swann’s response to that is to tighten the purse strings further, spiral some more and repeat the process again as crowd numbers and other incomes continue to dwindle - they are already getting lower crowds than the likes of Sutton United and less than half of what Town are currently pulling in with virtually no away followings at BP.

So Swann owns the ground and training facilities, and wants £8m+ in order to part company with those assets and the club itself. No one with the football club in mind is going to pay anything like that figure.

So Swann has a bit of a problem on his hands - he has assets that he values at north of £8m that are worth nothing like that in their current form, and by his own admission businesses in the hospitality industry which have been ‘battered’ by Covid. It’s been well publicised that the land Glanford Park sits on is quite valuable due to the surrounding retail environment that has built up around it. Probably less valuable now given the challenges bricks and mortar retail are having, but that chunk of land is worth significantly more as a prospective cinema (for example) than as the stadium of a struggling, skint football club.

Swann has no real connections with the football club or the town of Scunthorpe. He isn’t a fan of the club.

What he ultimately does will probably come down to a question of what he cares more about: Scunthorpe United or his £8m. If I were a Scunny fan, I would find that a deeply uncomfortable place to be.

My prediction: if they get relegated this season (and there’s a good chance they will), things will unravel very, very quickly.

Exactly this. The Swanns invest heavily in horses and I'm pretty sure the family prefer the glory of Ascot & York to away days at Oldham and Newport. With a seemingly dwindling fanbase and a reluctant to invest owner, not to mention a clueless manager, things aren't looking great.

I don't expect him to admit but I suspect, despite his protestation to the contrary, he would rather be in our shoes at present. Sell out attendances, home and away, onfield success, positive cash vs budget, what's not to like?

I listened to the bit where they referenced our attendances, he dodged that one didn’t he with a dig about non league, based on this season to date he better get the sat nav pre loaded for some of the places we’ll get to this season.

Didn't know he owned the training ground as well.  Very worrying for them.  So realistically, they get bought out by someone with way more money than sense, or Swann gives up after a relegation to non-league, sells the assets and runs.  Best case scenario: they're ground sharing and relying on fans to prop up the club.  

After all the cr@p we've taken off them in recent years I have little to no sympathy.
Let's not forget all the gloating from their fanbase as they rose up the league's whilst we fell down like a pack of cards being blown over by a fish merchants farts...
Karma is a wonderful thing, what goes around comes around.
While Swann was bankrolling them they couldn't wait to jeer and take the p!ss out of our demise, well I truly hope Swanns reluctance to put anymore money in bites them squarely on the backside!..
Do I feel for their fans, not one iota!...

Scunny fans seem to hate us, but I’m not particularly bothered about their club. I would prefer that they survive, and the natural order is restored once more, but after the sheer hatred and gloating they showed to us in 2010, my sympathies have definitely reduced.

Quoted from MarinerDevil

Didn't know he owned the training ground as well.  b.  

Have you seen the training ground ? It's a little grass field in between the ground and the motorway .