Iron Bru › Forums › Blast Furnace › The Real Question Is…
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October 18, 2021 at 8:57 pm #215979
The question is not can we survive without Swann, but can we survive with Swann in charge?
Swann’s record is thus: gambled the very future of the club chasing Championship football, whilst building an £11,000,000 debt that is clearly unsustainable for a club like us. He then took ownership of the land to repay the debt he amassed through his failed gamble, then took a restrictive EFL loan. We are now in a position where we have no assets other than a brand name, are so tight on cash that despite the club languishing at the very foot of the football league we cannot change the manager, the chairman is AWOL for most of the time, and the club looks a nailed on certainty for non-league football next season.
Those who are thinking he will be returning the ground ownership back to the club need to look at his previous track record. He has made so many promises, and delivered exactly ZERO of them.
So the question should be…Can Scunthorpe United afford to continue with Swann at the helm?
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October 18, 2021 at 9:41 pm #215982Let’s face it…Swann came here with no real business plan, spent recklessly to try and wing a promotion and ever since it’s dawned on him that he couldn’t sustain that silly spending at a club of this size he’s slowly asset stripped us of all the more capable players and has cut cost to such an extent that the club is now hanging by a thread.
That’s what’s happened. Do you really think a chairman with any kind of ambition would have kept a manager as incapable as Cox at his club for this long ?
The answer to that is a resounding no. I don’t care what he says, he’s largely washed his hands of the club as far as I’m concerned.
If Swann’s not willing to sort the embargo out and pump a bit of money in the club to at least give us more of a fighting chance, what’s the point in him even being here ?
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October 18, 2021 at 10:10 pm #215987but what about the 30 minute chat with shareholders where he rolled out his usual vacuous comments and empty platitudes for the weak of mind to lap up – lets get behind the team we’re all in this together – btw I can’t make the next few games because I’m busy doing other stuff….
Notice how on Twitter fans are now becoming more bitter towards each other – Swann is loving it – yet again no action appeases more than a few
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October 19, 2021 at 7:13 am #215993Some of us tried to say from the beginning that his reckless spending was unsustainable but we were told by Bucks and the like that we didnt know what we were talking about and that the debt being created was manageable because of Swanns vast wealth, we were even accused of hating Swann because of his wealth!!! What those of us that could see was happening was that we hated the debt we were getting into BECAUSE of his wealth, there is a huge difference!
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October 19, 2021 at 11:57 am #216004What SWANN has done is take the easy route out for him and his boardroom family by stripping our Scunthorpe United of everything we own to cover his lavish and outrageous spending spree and left our Club with nothing. He made sure him and his family could never lose because he always had this as his back-up plan in my opinion.
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October 19, 2021 at 11:59 am #216005What SWANN has done is take the easy route out for him and his boardroom family by stripping our Scunthorpe United of everything we own to cover his lavish and outrageous spending spree and left our Club with nothing. He made sure him and his family could never lose because he always had this as his back-up plan in my opinion.
Let’s face it…Swann came here with no real business plan, spent recklessly to try and wing a promotion and ever since it’s dawned on him that he couldn’t sustain that silly spending at a club of this size he’s slowly asset stripped us of all the more capable players and has cut cost to such an extent that the club is now hanging by a thread.
That’s what’s happened. Do you really think a chairman with any kind of ambition would have kept a manager as incapable as Cox at his club for this long ?
The answer to that is a resounding no. I don’t care what he says, he’s largely washed his hands of the club as far as I’m concerned.
If Swann’s not willing to sort the embargo out and pump a bit of money in the club to at least give us more of a fighting chance, what’s the point in him even being here ?
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October 20, 2021 at 10:59 am #216111the question is, would it be better for the mega rich Swanns to pay back the loan and in January have less restrictions on spending and hopefully keep us in the league, or lose even more money getting relegated knowing he is probably not going to put the money in to get us back in the league, then go downhill like Kidderminster, York, Darlington and Chester and drop even further down the pyramid.
October 20, 2021 at 11:20 am #216115What and have more debt?.
October 20, 2021 at 11:48 am #216123Let’s face it…Swann came here with no real business plan
Au contraire Rodney – it’s possible that he came with a very clear business plan which could be working.
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October 20, 2021 at 11:50 am #216124“Some of us tried to say from the beginning that his reckless spending was unsustainable but we were told by Bucks and the like that we didnt know what we were talking about and that the debt being created was manageable because of Swanns vast wealth”
Pat, nobody saw covid coming along. That’s what’s hit Swann’s wealth, not the club. His business is based on leisure, which has been hit far harder than any other sector for very obvious reasons. He’ll have lost tens of millions over the past 18 months, which given even his wealth will have created massive financial problems. Thousands of perfectly sound businesses have been hit in exactly the same way.
The biggest mistakes that Swann’s made are down to his handling of managers and transfers, which he should have left to management. I suspect the main reason he’s being so loyal to Cox, apart from money, is to demonstrate he’s no longer a “hire and fire” merchant.
I’m massively disappointed by how Swann’s handled things at the club but without covid the financial problems would be a fraction of what they now are. We can blame Swann for a lot of things but we cannot blame him for that.
October 20, 2021 at 12:36 pm #216133Bucks, I’m simply not buying that . When Covid struck in March 2020, we were already back in the fourth division and struggling. From memory, our last game of the 19/20 season was a desperate home defeat to Grimsby.
Hurst had already been sacked at that point. We already had a weakened squad. Swann himself said last year that “Our budget is now a third of what it was two years ago.”
I don’t doubt that Covid has hit Swann’s other businesses and particularly affected his cashflow. But I do not agree with your assertion.
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October 20, 2021 at 12:43 pm #216138Swann started getting rid of the more capable players “cutting costs” before covid bloody hit…he’s done it ever since he realised that he couldn’t keep stupidly spending money at a club of this size.
I just wish he knew this before taking the chairman position.
I bet he wouldn’t run his hotel business like he’s run this football.
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October 20, 2021 at 4:59 pm #216162Our demise began after that semi-final defeat to Rotherham, not after the Grimsby game.
The Covid red herring has become a convenient excuse. The difference between good and bad management (from top to bottom) is not necessarily money related.
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October 20, 2021 at 5:11 pm #216165Hey, I’m not forgiving Swann one bit. He’s made a complete mess of things and I’ve no intention of defending him.
My point very simply is that the financial position of the club has gone from not very good, but manageable, before covid to complete disaster following it. Nobody can be blamed for that, even Swann.
October 20, 2021 at 5:35 pm #216169Hey, I’m not forgiving Swann one bit. He’s made a complete mess of things and I’ve no intention of defending him.
My point very simply is that the financial position of the club has gone from not very good, but manageable, before covid to complete disaster following it. Nobody can be blamed for that, even Swann.
How was it ever manageable when were spending 150% on wages from our turnover. The only scenario in which that can ever work long term is if the owner covers the losses with personal wealth- abramovich at Chelsea for example.
The writing was on the wall when Phil Parkinson was moaning pre season that ourselves and Bury were outspending the likes of Bradford on wages.
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October 20, 2021 at 5:40 pm #216171Who are Bury?
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October 21, 2021 at 2:05 am #216202Thats where we are heading the York Chester Darlo route …. and that is if the Club survives at all as being wound up and cease trading is a real possibility.
Parasitic Swann doesnt give a toss hes holding all the clubs assets and his property developing mentality to make sure he comes out of this ok kicked in long ago.
BTW what is the current value of SUFC IF it was put up for sale ???????
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October 21, 2021 at 9:19 am #216207£1
October 21, 2021 at 9:41 am #216208You must have a spare quid lying around Alcy!
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