Who would want to buy us for the price Swann will want?
The share value of the club when he took over was, I believe, around £1m – and of course the club owned their own ground.
Whilst the shares themselves are worthless Swann made a series of share issues that he himself took up – notionally placing the share value of the club at several millions of pounds.
Having now hived off the ground (and ascribing a notional value of around £11m to it) it seems to me that Mr Swann will be seeking offers in the region of 8 figures – certainly if any prospective purchaser wants to take the ground back rather than being left with Swann as the landlord.
This also nearly recoups most of the money he squandered at the clubs expense of course.
For this hefty investment you will get a loss making entity, on an unprecedented downward spiral, with no playing squad worth talking about and a stadium that is falling down.
Besides that, you’d have the issue of having to totally reorganise the off field structure of the club – unless you were happy with the current chief scout et al.
Whilst I’m sure there must be a kind hearted simpleton out there who also happens to be a multi millionaire I’d be surprised if he came knocking on our door anytime soon because he’s probably under lock and key for his own safety.
The reality is that either by incompetence or design, Swann seems to have managed to make us totally unsaleable – unless he is simply prepared to give the club and ground away of course for next to nothing – which seems even more unlikely than the kind hearted simpleton scenario described above.
