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Surely only the accounting convention precluding valuation of internally developed intellectual property is preventing the innovative Thankhand (TM) from being valued at millions in the club accounts?
https://www.scunthorpe-united.co.uk/news/2020/april/thankhand/
Unless Peter was only using the club to promote yet another stunningly successful business idea…
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Thankhand was a spectacularly poor idea, as evidenced by its lack of success.
It was particularly embarrassing that Swann associated the club with it.
If there was any value to it, and the rights were owned by the club, its value wouldn’t be reflected in the accounts, as you can only include the value of intangible assets (including trademarks, copyright etc,) if you’ve paid for them.
Equally, I suspect that any upside would be to Swann’s benefit, rather than the club’s, and that despite using the club website to promote the idea, there was little chance that the club would benefit.
I was being sarcastic in reference to earlier comments about the lack of club assets, at the same time as remembering one of our great leader’s scintillating business ideas. Has anyone actually told him what a “Spyglass” is, and so why his James Bond-themed bar in Blackpool is so ridiculously irrelevantly named??
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Thankhand still makes me laugh out loud, genuinely hilarious.
Presumably the main value in any sale of the club lies in its membership of a league and, potentially, the club’s land/ground/other fixed assets.
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Speaking of his bar, the recent reviews look great! X-)
Didn’t Swann say, on taking over the club, that he wouldn’t leave it in a worse position than when he assumed control of it? Hollow words?
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One saying ‘Swann Out!’ and derogatory reference to ‘the owners’ gives the game away regarding some of the worst reviews
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The club folding is what Swann has wanted for a long time
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Didn’t Swann say, on taking over the club, that he wouldn’t leave it in a worse position than when he assumed control of it? Hollow words?
What he said was they would leave the club in a financially better state than how they found it !
Said it at his first Fans Forum, where you detected what was coming.2 users thanked author for this post.
In the most recent accounts the club has negative total equity of £2.3m, whereas in the accounts to June 2013 total equity was positive at £2.8m.
I’m struggling to see how that’s a better financial position, but then Peter is cleverer than all of us, as evidenced by his recent refusal to answer questions during the Humberside interview on the basis that his interviewer wouldn’t be capable of understanding, so doubtless he’s right..
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Come on lads keep up,
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None of this nonsense with Steve Wharton!
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Just a reminder again St Wharton was going to liquidate us.
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I am not sure that he would have let that happen, but he was on the board when Broome was around, and that leaves a sour taste in my mouth, unless he was actually concerned about that.
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Really feel for you in this terrible situation having been through something very similar with my club. It’s bad enough facing admin but it really is worst case scenario if that is coupled with no ground of your own when trying to pick up the pieces.
When our owner pulled the plug we at Darlo had no players, no stadium and very few other assets but we’re now fan owned and looking at finally building our own ground although there’s still a long way to go.
Hopefully you find a white knight from somewhere that pulls this back from the brink before you are hurled over a cliff. Sad to see yet another club facing these awful times and facing such an uncertain future.
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Just read Aidan McCartney item in the Telegraph.
What a pathetic answer from the clubs destroyer. Says people want him out but expect him to pay the bills !
Of course I do, you Mr Swann wanted to be ‘Mr Big’, you wanted to own the club, be the big I am. You have taken the club off the supporters and disengaged from those fans and you never say why.
So yes, until you sell the club unless it goes out of existence first, I do expect you to pay the bills. You are responsible !
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