Reply To: Swann Should Do the Right Thing

Iron Bru Forums Blast Furnace Swann Should Do the Right Thing Reply To: Swann Should Do the Right Thing

cliffbyrnesrightpegCliff Byrne’s Right Peg
Registered On: October 17, 2015
Topics: 52

The club is worthless, operates at a loss and has no tangible assets other than some training bibs; Effectively it should be bought for a £1.

The stadium/land was allegedly last valued at £4million, I don’t know if that’s still the case and how the planning permission expiring for the apartments will affect it.

I highly doubt Elliot and co have the readies to afford the stadium. You are then potentially looking at paying the mortgage loan off and also the EFL loan. God knows what else is hiding in the closet as there is rumours of unpaid tax bill.

The consortium is going to need deep pockets

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