Fans Can Fight Back.

[lesgeo]

Let’s be honest. None of us know the value of Scunthorpe United Football Club and grounds.
The consortium is probably valuing it as a simple financial transaction for acquiring a National League football club and ground in need of renovation, that’s about to head down yet another division. Value: not high. They’re probably offering over the odds because they really do care about SUFC, but every extra penny given to Swann is a penny less for player acquisition to try to keep us in this division.
Swann’s probably desperate for cash, a gambling addict seeing every transaction or gamble through rose-tinted spectacles. He’s still seeing it as selling at the peak of his original investment: a L1/Championship club with pedigree. The club isn’t that any more.

Here’s where the fans come in.

What happens if SUFC goes bust? There’s a cost to that for Swann, sure, but then he’s going to want to sell to a developer. Planning permission for 160 flats?

Swann needs to know that if he tries to sell the land, any potential developer will be told that nobody will buy or rent those flats. They’d be built on the destruction of our club.

Any developer would have to sell them well below market value due to the stigma and shame attached to them.

(Technical point: the building costs are fixed, and the developer’s profit needs to be enough to do the job – so even having to sell flats 10-15% below normal market value would devalue the land value by far more, perhaps around a half?)

Swann needs to know that he won’t be able to get anything close to usual market value for the land because the people of this town will vote with their feet and turn out with banners whenever necessary.

Swann is probably thinking that selling the land is an easy option as a back-up plan. He needs to know that it isn’t. We must not ever let it become an easy option. Fans’ responsibility to club and town.

[IronIronIron]

Sorry Les, but the vast majority of people would snap your arm off to buy a property with a 10, 15 or 20% reduction.

I think you over estimate the depth of feeling for the Club in Scunthorpe as a whole (when probably over half the support comes from outside the town).

2 users thanked author for this post.

Darren, open hearth iron

[lesgeo]

Not everybody would jump at a 15% saving, besides all you need is to make it necessary for developers to sell undervalued. That’s where the win kicks in.

[Awaywego]

The land is worth 900.000 pounds Les, club accounts for year ending 2020 the last time it was in the club accounts.

[Anonymous]

5,000 fought back yesterday.
👏💥👏

1 user thanked author for this post.

BobbyGmeister

[Anonymous]

Apologies, duplicate post.

– – – – – – – –
Bravo 👏

[lesgeo]

Matters have now moved on.
What was the name of that Chairman we used to have? Had a son who knew loads about football. If memory serves – neither was especially popular.
Still – that’s just History now. Can’t bring either name to mind.

1 user thanked author for this post.

BobbyGmeister

[Anonymous]

“We are staying in town,
say we are staying in town!”
😂

[Author]

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