The Ground

[Anonymous]

Cost of Land per Hectare (2019), East Lindsey:

Residential – £800,000
Industrial – £300,000
Office – £275,000

[source: gov.uk land values]

How many hectares is the ‘club’ on / own or Mr Swann owns?

3 years ago, shares were valued at £8m and the land £6m.

So what would it cost to buy the Club now?

No Oil Sheikhs are going to buy it – as the town does not have the populous to support a charge to the Premier League & Europe. It’s geographical location is not desirable.

Options:
1) A very wealthy local lad / lass buys it.
2) An alliance of wealthyish local lads / lasses buy it.
3) 5,000 fans / investors / shareholders put £3,000 in each to buy it.
4) Those same 5,000 fans put £500 in each year to generate a budget of £2.5M
5) The shareholders pay as normal to attend games.
6) The shareholders elect their board.

[BobbyGmeister]

alcazar wrote:

BobbyGmeister wrote:

alcazar wrote:

Yep.
So the one thing that Swann improved turns out to have been Wharton’s idea anyway.

Missing him alcy?

Nope.
But Swann is worse.
One ran it as a hobby for his mates.
The other has run it into the ground.
Maybe our next owner might actually run it properly.

That’ll never happen to your satisfaction…

1 user thanked author for this post.

bartonscorpion

[Anonymous]

“Everything matters.
Nothing’s important.”
Friedrich Nietzsche

[ironking]

Another reason given Cliff was to protect it from an unscrupulous buyer, so if somebody in Ernest Pawn’s estimation was more unscrupulous than he himself, they must have been some right C###.

2 users thanked author for this post.

alcazar, Northumbiron

[Brian]

Swann has not improved f–k all only the assets of Coolsilk.

1 user thanked author for this post.

alcazar

[SouthYorksIron]

If you think Swann has improved the assets of Coolsilk, check the most recent accounts on the Companies House website.

Coolsilk Property and Investment Ltd.’s net assets down from £49.6m to £20.0m. in the year to June 2021.

[Anonymous]

Iron(y):
The Northolme, Gainsborough Trinity FC – capacity 4,304

Plenty big enough next season.

[Deereyme66]

Redevelop Quibell and breakaway?

[Anonymous]

Knock down Sainsburys and build The New Showground.

3 users thanked author for this post.

Sharp_Shooter24, lesgeo, alcazar

[IronIronIron]

5,000 fans put 3 grand each in?

We can’t get 5,000 fans to attend a match and put 25 quid each in.

[Anonymous]

Syndicate it?

There are Horse Racing Syndicates out there where Joe Public are able to purchase a share/s in horses.

Why can’t the same idea be emulated in football.

You advertise the shares in a national newspaper and …

I’m sure there must be many people out there who’d like to ‘brag’ to their mates that they are ‘joint owners’ of a football club?

[Northumbiron]

Indeed.

My mate does it with Chester FC!

[Ferrite]

It’s literally how fan-owned clubs work! See clubs like AFC Wimbledon and in Germany – club members collectively own a majority stake (the famous “50+1”) and wealthier investors can own the rest but cannot have a controlling stake. It’s the future.

[Author]

Posts