Registered On: July 8, 2014
I think it’s a good point to note that a majority of the £11,000,000 debt has been racked up under Swann’s tenure. Basically HE gambled hugely, HE lost the gamble, and now the club has been forced to sell it’s assets to HIS other company in order to pay-off HIS failed gambling debt.
The only winner in all of this is Swann. He has in effect, been gifted the ground and associated land for next to nothing, and the club are left floundering at the foot of League Two.
The more I think about Swann’s tenure, the more I realise he was nothing but a false prophet. He came in some grand ideas, talking about a new ground, entertaining football, and all played in the Championship. What do we have today? A rented ground, supporters treated with contempt, dire football, and all played at the foot of League Two. That is the complete opposite of what he promised when he arrived!!!
I am expecting him to put the club up for sale within the next 18 months. His other company (Coolsilk) will be happily making a tidy profit on the land and subsequent developments, whilst Scunthorpe United will become the next York City!