But if Swann valued the ground at £11m when he swapped that for an £11m debt and then he sold it to us for £3m we look to have done OK don’t we? Admitedly the debt was down to him but he looks to have lost out financially.
I would look at it like this: under his stewardship, SUFC lost £11m. By transfering the ground to his ownership and receiving £3m for it, he has reduced his losses to £8m.
Had he not done that, his losses (which I repeat were accrued when he was owner & chairman of the club) would have remained £11m.
