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I think we’re surviving month to month at the minute. Wages will be a big determinant. Even if its delayed by a few hours/days like last month it is a sign of a deeper problem.
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He’s probably got a £6m mortgage on it and now realises he can only get £3m for it. The only route out would be to sell to developers rather than those interested in a football club, and there would only be one way he could do that.
If it was me (and it never will be) I would just buy SUFC for a £1, let him have his land and stadium and then groundshare with Donny for a year or so whilst building a new ground with the support of the council and possibly the lakes developer (which has just been sold apparently).
All very unlikely but the only driver is to get this family as far away from SUFC as possible as quickly as possible
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Swann isn’t selling. It’s as close as it’s ever been and it’s never been close.
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Scunny has always played exciting attacking football under a 442, Swann’s era has been defined by each and every manager switching to 532 (352). It’s really bizarre.
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Depends on the terms of this lease (if it exists). If SUFC don’t exist then no barrier for land development – that’s how he’ll benefit
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So the deal that was never on in the first place is off. Swann does not intend to sell – he just needed the next excuse.
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I doubt the lad will play for us again. Seriously question whether he’ll play football again. He’s just one of those unfortunate people who can’t seem to get a lucky turn.
Feel for him but as we’re close to going bust we have bigger concerns.2 users thanked author for this post.
Journo a Iron Fan Aidan says there is something in the bid (which bid I do not know!). Let’s hope there is some movement and get Swanns out of the club by Xmas. I would start dragging my sons back to GP 😂
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Surely the rules around the community asset would kick in if any serious offers came in?
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It will be a slow death – he won’t sell for footballing reasons. The only way he gets anywhere near the money he wants involves the destruction of SUFC and the sale of the land. I feel for the club’s employees, youth players, volunteers, they must see the destruction first hand .
Where is this fan director chap? Not much of a conduit really
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Can’t believe she’s gone – she trained really well in the week
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Same Les, trying to deal with the palliative position of the club is very hard but need to prepare for the disappearance of the club.
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The squad and management is threadbare, we have a squad barely capable in NLN. I don’t know what to think anymore, do I prepare for life without football because this owner isn’t going to sell and he isn’t going to put any money in, nothing stopping him taking money out – we’ve hit the iceberg its just a question of when to abandon ship.
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Swan fake
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You could tell in the last few games they were under instruction (except Maguire who was probably told ‘you can play just don’t knock anything over’) Kane looked lost and got deeper and deeper. Really dull but you can see the talent is there when we attack its just that Gareth doesn’t like to attack very often. It will be a frustrating WC
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He didn’t write the debt off – he took all the assets in recompense for the money he spent on his business. He had 8/9years playing football manager loving the limelight paying silly wages and employing 10 managers all of them sacked within their contract and took on a CEO on huge salary for what reason? The club still has a debt and included in that is the EFL loan. The real money in the family stopped his fun and now we’re on the brink
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Admin would be viable. He’s not selling the ground or anything of value so he (Coolsilk) wouldn’t lose anything. SUFC Ltd has assets of £50k ish in the last accounts and is the only thing stopping him realising the commercial value of the land. By removing all the assets from SUFC its easier to fold/disband/whatever he wants. But, wait, we have that magic lease which allows SUFC 99 or 999 years (he doesn’t remember which) use of the ground – but then he said he would give it back for free. So which one of those have we had proof of? I’d wager neither.
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I fear you are right, there is no desire from Swann to keep the club afloat and most now see through his empty speak. He’s a busted flush in this town with zero credibility
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Points deduction and Admin would have control of company to sell company
deal with creditors etc. Coolsilk own land so would not be under Admin- so he would charge whatever he liked – despite saying they would be able to use ground/transferred for free – we all know that’s not happening. The only sure thing is the best interests of Swanns and not the club will be his main motive.The long term hope is Admin – somebody buys the club for £1 and moves it to a new ground using £6m to build somewhere
else with support of the council.6 users thanked author for this post.
