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Given we’ve conceded 16 goals in the last 5 matches it is not beyond the realms of possibility for us to concede 6 or 7, or more goals in the next two matches.
We are only 8 goals better than Southend (9 if you include strike rate). If Southend manage to win their next two matches and we fail to add anymore points, we will be close, very close, to relegation, and could easily be joining the Cods!
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Other than the 100 year tenure there appears to be a significant lack of any concrete guarantees or announced timescales in the statement.
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It is worth noting that there are currently TWO outstanding charges registered with Scunthorpe United at Companies House. The first is to Svenska Handelsbanken AB (a Swedish Bank) in March 2015, and the second is to Coolsilk Property & Investments in February 2018.
For those that don’t know, a charge is often used when a company gives rights over assets in form of a security in return for a loan.
The murky world of business finance!
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Sounds like something that a Poundland Roman Abramovich would say…
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A great article, and represents my thoughts, fears, and feelings 100%.
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Forget ‘fan action’ we need the players to actually do some action and start f*7king trying a little harder!!!
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Current form from last 8 matches.
Played 8, Won 0, Drawn 2, Lost 6 Goals For 3 Goals Against 18 Goal Difference -15
Looking at Saturday’s match (Bradford) it really is the “Battle of the Shite ‘Uns“. Bradford’s form is slightly better than ours. I did previously state that we’d get a draw, however I am less certain now!
Those that we laughingly call football players have shown nothing but a complete lack of competence to do the most basic of football tasks. There is a lack of desire to fight for the cause, and to say that we are free fall is an understatement.
What disturbs me the most about all of this is that Cox is unable to turn things around, and even players that where trying hard previously are no longer putting in a shift. I did say previously that his public tongue lashing of the players could come back to haunt him, and I feel that, along with the contract withdrawals, has lead directly to the players ‘downing tools’.
I honestly cannot see us gaining another point this season, and if my prediction is correct, we will finish the season with 2 points from a possible 30, and 7 (seven) defeats in a row. If that is not sacking form then I do not know what is!!!
We are now left hoping that Southend drop points!!!
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well results couldn’t be any worse…no I am getting worried!
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My thoughts are that Cox took the job too soon. We needed an experienced manager to get the best out of this carbuncle that we laughingly call a football team.
A major part of the role of a manager is having the ability to get the best out the players he has. Now we know that the players are not that great, however we would expect that they could be coached enough to stop making the same mistakes week after week. Instead what we see is a team devoid of confidence, and unable to get even the basics right. Regardless of the issues within the club, this falls directly on the manager’s shoulders.
It pains me to say this, I would actually be sacking Cox now. Scunthorpe United have amassed 2 points since March, and we appear to be going backwards in momentum. With three matches left I actually cannot see us getting a single point for the rest of the season unless something is changed.
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I think it’s a good point to note that a majority of the £11,000,000 debt has been racked up under Swann’s tenure. Basically HE gambled hugely, HE lost the gamble, and now the club has been forced to sell it’s assets to HIS other company in order to pay-off HIS failed gambling debt.
The only winner in all of this is Swann. He has in effect, been gifted the ground and associated land for next to nothing, and the club are left floundering at the foot of League Two.
The more I think about Swann’s tenure, the more I realise he was nothing but a false prophet. He came in some grand ideas, talking about a new ground, entertaining football, and all played in the Championship. What do we have today? A rented ground, supporters treated with contempt, dire football, and all played at the foot of League Two. That is the complete opposite of what he promised when he arrived!!!
I am expecting him to put the club up for sale within the next 18 months. His other company (Coolsilk) will be happily making a tidy profit on the land and subsequent developments, whilst Scunthorpe United will become the next York City!
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yet ANOTHER game where we failed to get a single shot on target!!! This is piss poor, I cannot see us gaining anymore points this season! We’re now relying on Barrow, Southend, and Grimsby to flounder!!!!
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No Kerecan and then Cox takes Guilliard off ???
Yeah, that one puzzles me!
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No, the ground is now owned by Cool Silk, that is not the same as before.
If Cool Silk went into administration we could be locked out of our ground. Cool Silk could also use the ground and land as collateral for loans that are used to benefit funding for Cool Silk and not for the benefit of the club.
Whilst I don’t have any immediate short-term concerns about the change in ownership, I can think of numerous ways this could end in disaster for the club as a whole. This makes me feel uneasy, and the lack of information coming out of the club does little to address the unease.
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This news broke on Thursday night and yet the club is still to issue an official statement on its website.
I find that absolutely astounding, and worrying in equal measure. Given that this is perhaps the most significant news in the clubs history you would naturally assume that the club would be swift with some sort of statement and a message of reassurance for the fans. I suppose it goes to show just how much contempt the club has for its fans right now!
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You would also think Max Bell would have plenty to say about it via Codsonline. Maybe he’s still writing it?
Yeah, I just checked the online rag. It’s truly amazing! The BIGGEST news story affecting Scunthorpe United in my lifetime and yet at time of posting this, there is NOTHING mentioned on the official Scunthorpe United website, and NOTHING mentioned in the ‘thisisScunthorpe‘ online rag!
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Swann / Cool Silk has got the land at a steal, £11,000,000 for the land. The ground was worth £2,500,000 in 1988. Even the most modest of predictions would value the ground and associated land at double the fee paid by Cool Silk.
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The biggest news to happen at Scunthorpe United in my lifetime and at time of typing this, there is nothing on the club website!!!
You would think the club would have a statement prepared for such a momentous occasion!
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I am expecting an in-depth statement from the club, and Swann today.!!!
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This sort of thing has become common place in football over the last few years, and although it’s an ideal solution to fix a problem of mounting debt, it does leave the club without any assets and means that the club will be paying rent to play in a ground that once owned outright!
I guess a lot depends upon what the long-term plans are from Swann and Cool Silk. The biggest danger is that with the challenges of the global pandemic and subsequent economic squeeze, Cool Silk go into administration and all assets are sold off.
At the moment, for me, I am not quite sure what to make of it. It does leave me with a feeling of unease in the pit of my stomach, and ties the club into the Swann’s and Cool Silk forever, or until they get fed-up and walk away!
I’m no property guru however I have a feeling that the Swann’s have got an incredible amount of assets for very little money.
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