Iron Bru › Forums › Blast Furnace › Administration
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September 15, 2022 at 2:59 pm #244982
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.
The situation at Darlington was even more farcical than here, George Reynolds truly was a crook and had similar delusions of grandeur with the Reynolds arena. Wish Darlo all the best.
Regardless of what swann says, administration looks more likely by the day. The results on the pitch hardly matter now.
I’ve wrote to the Iron trust for an organised supporters protest- i doubt anything will come if it but if we are to go out of existence it would give some comfort to know we made our voices heard in some way.
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September 15, 2022 at 3:06 pm #244983Spot on we need our voices to be heard. We must protest and now it’s no good going down without a fight
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September 15, 2022 at 3:06 pm #244984Yes, you’re right Darlo1, however there are still numpties around here that make out it’s no different from when he had a previous Chairman (Chairman not despotic owner), who had the reputation of overseeing one of the best run clubs in the country. ‘Better the devil you know’ my backside! Never was a phrase so inappropriately utilised.
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September 15, 2022 at 3:22 pm #244985Regardless of whatever someone says, especially someone know to be dishonest, whatever their actions result in at the end is what they intended all along. Swann’s only care was separating the club from the stadium and land that it owned and getting his hands on that. The land will make him money and the club costs money. If the club is put into administration or sold for a token amount to someone who detests this kind of thing happening to football clubs, their fans and their communities, one thing seems certain and that is he is keeping the stadium and land. If someone buys it now as a lover of football but with enough money to keep the club afloat, stabalize, try and invest in the club to get it moving back up the pyramid and find a new ground then I very much doubt that they being businessmen themselves would want Swann getting another penny over a token pound purchase, they would rather the money go into the club as it’s going to need plenty, especially if a new stadium is going to be needed in a few years. Presumably for a period of time it would negotiable to lease the ground until a new site is sorted and built. He claims the club is up for sale and he’s looking for buyers but how would anyone make contact anyway?
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September 15, 2022 at 4:01 pm #244986Spot on we need our voices to be heard. We must protest and now it’s no good going down without a fight
I completely agree with you pal, I have stated many times. and even a couple of weeks ago on here, but there waw zero responce from anyone, although I am 81, and live in Barton, I would only be too pleased to attend any protest meeting, but whilst there are 2,500 still turning up at GP to watch the rubbish, and 200 still going long distances to away games, there does not appear to be any interest in turning out to protest against that evil guy that has driven our club into the present no hope situation. Just think, only 6 wins in the past 70 games, 1 away win in the past 40 matches, and one point from the last seven games, but the 2,500 fans just boo the team off at half and full time and go home sick as parrots, but then check their fixture lists to see when the next game is.
There wasn’t even any protest when Swann gave the clubs stadium, car parks and training ground land over to his own company so I cannotI really cannot see any pending protest happening, yes when he stole the assets some of us have never set foot into GP ever since, Swann will win and end up with his aim of having the land package to sell to building contractors.
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September 15, 2022 at 4:31 pm #244990Doesn’t bear thinking about if that’s his ultimate aim. But he does now seem to hold all the aces in his hand.
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September 15, 2022 at 5:00 pm #244994I’ve been watching that Wrexham docuseries on Ryan Reynolds and Rob Mcelhenney taking over there. One of the latest episodes has a whole bit on a previous owner who was a disbarred lawyer due to mortgage fraud who put a puppet in, took over the club and transferred out the stadium and land into another company then racked up debts on the club to try and put it into administration. I sincerely hope that I am wrong but it was the exact modus operandi that seems to be happening here. I think all fans should watch that episode. Thankfully their fans managed to gather together and saw him off but it was eerily similar to what is happening. He has played it very cleverly by running up debts that he incurred then transferring the assets to himself essentially to cover his own debts. Those with the least amount of scruples tend to be the most devious. Don’t let him demoralise you though as there are people from afar who love football and can’t stand the way you are being treated as fans and will be considering ways to protect the proud club for the fans, the community and the town.
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September 15, 2022 at 6:00 pm #245002BS I am one of the 2,000 that still attend to support our team with the hope that miracles can happen and we get enough points to stave off another relegation. I detest Billy liar with a passion and would support any protest against him. Please someone come forward and save us from this joke. 5 generations of my family have supported the Iron and I really hope we still have a team for any future generations to experience the highs and lows of being a supporter of the once mighty iron.
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September 16, 2022 at 7:31 pm #245060September 16, 2022 at 7:43 pm #245062Don’t believe everything you read and hear about the fate of our club, that includes on here as well as the club website.
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September 16, 2022 at 7:44 pm #245063Latest statement from Lee Turnbull states that administration is not an option and Mr Swann will continue to support the club until new owners are found.
Turnbull is only parroting what Swann has told him and we all know Swannster can’t even lie straight in bed. If administration makes the takeover process easier, he’ll go down that route in a bid to recoup some money and plus we have to pay the lying arse hole rent due to coolsilk owing the ground.
The brass neck Swann has on him, I wouldn’t put anything past him.
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September 16, 2022 at 10:01 pm #245076Latest statement from Lee Turnbull states that administration is not an option and Mr Swann will continue to support the club until new owners are found.
He can just shut it down without administration?
September 17, 2022 at 6:38 am #245097No
September 17, 2022 at 11:32 am #245104Why not? Its his company, if it only owes him money he has nobody he has to protect by law ,it’s his and up to him whether he goes down the admin route or just shuts up shop surely. many people retire and just close down.Admin isn’t a given
September 17, 2022 at 11:33 am #245105There’s lots of libel on here too.
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September 17, 2022 at 11:59 am #245106Reminder…. A company must have stopped trading for 3 months before it can be struck off the companies register. Source government web page. “Striking your company off the companies register”
September 17, 2022 at 12:28 pm #245107That’s doesn’t say a company cannot be shut down or chase trading by an owner. I reckon he can do it,not saying he will but even if admin is off the table it doesn’t mean it’s safe
September 17, 2022 at 1:01 pm #245108Afaik you can declare yourself bankrupt and the company would go to the official receiver. Trouble with that is he would lose all his other businesses and be banned from starting any other businesses for a number of years. No chance whatsoever of Swann doing that. It is only The Iron that he is prepared to send down the river. He is a truly vile specimen, even fans of other clubs hate his guts now…
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September 17, 2022 at 2:39 pm #245111Reminder…. A company must have stopped trading for 3 months before it can be struck off the companies register. Source government web page. “Striking your company off the companies register”
He can close the company down whenever he wants to. If he doesn’t oee anyone any money the the company will cease to exist after 3 months.
Peopme can put forward reasons why it shouldn’t be closed, but they need to be justified – and if it isn’t financially related, then it will be unlikely to pass muster.
September 17, 2022 at 4:24 pm #245116Really clutching at straws now lads, cease trading and the world and it’s dog would be after Swanny, £2 million EFL loan to pay, the parachute payment from the EFL, the money given to every team in the national League from the national League, player contracts to pay up some on 2year deals, tax on all them contracts,and that’s even without the fallout from the football authority’s, but swannys such an astute businessman it will be his preferred option, Swanny is rumoured to read the bru and sure he will take all your propositions on board. Lol.
November 18, 2022 at 11:51 pm #248859AnonymousInactiveOffline
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Topics: 80Isn’t one of the two parties who are touted as potential new owners a property developer?
November 19, 2022 at 12:55 am #248862Isn’t one of the two parties who are touted as potential new owners a property developer?
Evidence?
November 19, 2022 at 6:07 am #248869AnonymousInactiveOffline
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Topics: 80Isn’t one of the two parties who are touted as potential new owners a property developer?
Evidence?
Rumour – no hard evidence.
November 19, 2022 at 9:54 am #248882Lol.
November 19, 2022 at 10:00 am #248883I heard from a good source that the London Consortium were Property developers but wanted to keep the club and prepared to throw money into it but how true it is we will have to wait and see if it is true.
November 19, 2022 at 10:10 am #248885We had someone who was willing to throw money at it and look at us now with him. If the London lot get it, we might have the same situation down the line, and their property interest may be more of a worry for Glanford Park than the fears with Swann.
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November 19, 2022 at 11:17 am #248891AnonymousInactiveOffline
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Topics: 80I heard from a good source that the London Consortium were Property developers but wanted to keep the club and prepared to throw money into it but how true it is we will have to wait and see if it is true.
Watch this space.
More retail outlets or an upmarket housing estate?
Or perhaps promotion back to the EFL for season 2025-26?
“QUE SERA, SERA,
WHATEVER WILL BE WILL
BE; THE FUTURE’S NOT
OURS TO SEE.”November 19, 2022 at 1:04 pm #248892The London consortium would be Ian Sharp surely? Long time Scunny fan and Film Producer/Director. He is based in London isn’t he? I thought he was in with Simin Elluots lot!
November 19, 2022 at 1:43 pm #248893I don’t think so, I get the impression he is with Simon Elliott, they were at a recent home game together
November 19, 2022 at 2:51 pm #248896Developers can’t rent out the units they have empty at the moment so not really a goer, upmarket housing near a retail park, don’t think so. Bearing in mind the ground is also a community asset would anyone get planning permission for anything else?.
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