“Some of us tried to say from the beginning that his reckless spending was unsustainable but we were told by Bucks and the like that we didnt know what we were talking about and that the debt being created was manageable because of Swanns vast wealth”
Pat, nobody saw covid coming along. That’s what’s hit Swann’s wealth, not the club. His business is based on leisure, which has been hit far harder than any other sector for very obvious reasons. He’ll have lost tens of millions over the past 18 months, which given even his wealth will have created massive financial problems. Thousands of perfectly sound businesses have been hit in exactly the same way.
The biggest mistakes that Swann’s made are down to his handling of managers and transfers, which he should have left to management. I suspect the main reason he’s being so loyal to Cox, apart from money, is to demonstrate he’s no longer a “hire and fire” merchant.
I’m massively disappointed by how Swann’s handled things at the club but without covid the financial problems would be a fraction of what they now are. We can blame Swann for a lot of things but we cannot blame him for that.
