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The Iron Trust accounts for the last year show expenditure including £6000 purchases of club shares . Those accounts are dated 31.8.24, so it is quite possible that further share purchases have happened since then.
That they have not yet been properly registered is not the Trust’s fault.
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Just gone through the latest shareholders list and can’t see any held by the iron trust unless I’ve missed them (there were 52 pages)
Anyone any idea under which name they go under on that list.
Iron Trust – Shareholding 562
Anyone know what happened to the shares owned by the now defunct Official Supporters Club?
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Wot, no Vanarama coverage on Tuesday night?
Schedule suggests otherwise…
https://www.nationalleaguetv.com/schedule
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if there were 7 decent teams in the league we would be 7th.
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Pedantic I know, but 8th, surely?
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All these extremely naive people who invested money into the scheme, invested into SUFC (1988) LTD, a company solely owned by David Hilton, a sole trader and Director, they did not invest in any company associated with Scunthorpe United Football Club.
They have no claim legally against the club. The claim is against the owner of the company they invested in, that company is still trading and a simple google search will point them in the direction.They didn’t. It was advertised via the club, with enquiries to be addressed to the club. One of the benefits was an opportunity to buy a share in SUFC (1899) Ltd.
I didn’t buy one, but those that did are not as naive as you’re claiming, despite buying into something that would have no value should the club go into administration.
Without having looked into the terms and conditions in any detail, nor being a lawyer of any sort, I’d imagine they have a legally binding contract with the club at this point.
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If the trust have £800,000 TJO that should be enough for a down payment for the ground my £1000 would soon follow.
Just to clarify, Scunthorpe United FC Community Sports and Education Trust, which has £897000 funds carried forward in its most recent accounts, is not The Iron Trust.
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Cameron Burgess a regular in the Ipswich L1 promotion side!
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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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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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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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None.
Interesting that the top 3 transfers from the National League all went to Peterborough
Lee Tomlin from Rushden and Diamonds to Peterborough in 2010 for £225,000
Shaun Brisley from Macclesfield to Peterborough in 2012 for £350,000
Jack Taylor from Barnet to Peterborough for £500k in 2020.
Wasn’t Vardy to Leicester considered the record for non-league? On a technicality, Fleetwood had been promoted to the league before he signed for Leicester, but he left well before the new season started.
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