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Feb 21 • 4 tweets • 2 min read
Scunthorpe United offer fans the chance to own a share in the stadium at Glanford Park for £1,899 each. However the football club sold the stadium to a company owned by former owner Peter Swann a couple of years ago. #Confused scunthorpe-united.co.uk/news/2023/febr…
The stadium property was sold to Coolsilk in 2020/21 for a profit of £5.8m giving a total theoretical sale price of about £11m. This sum was written off the loans from Coolsilk to Scunthorpe
If this works in a similar way to Chelsea Pitch owners then could be a way of protecting the property for future generations. More details needed though

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More from @KieranMaguire

Kieran Maguire Profile picture
Feb 21
Arsenal Women’s team publishes 21/22 accounts. Revenue up 62% to £6.9m which puts it ahead of many League One clubs and breaks even for the year, but is there a but?
Main assets are player transfer registrations (£250k) and debtors from other institutions. Company owns no property or equipment assets itself.
In terms of income sources, new WSL 📺 deal (worth £8m a year) quadruples money from that source, fans returning post Covid helps ticket sales but 74% of revenue comes from parent company.
Read 5 tweets
Kieran Maguire Profile picture
Feb 20
Dunfermline lost £530k in 2021/22 taking total losses to over £8.5 million, but support from shareholders means club looking solvent with over £1m in the bank. Image
End of lockdown meant that staff numbers increased in 21/22 Image
Dunfermline spent just £5,000 on player signings in 21/22, taking the total investment in the squad to £50k. There was significant spend on CAPEX in the year too. Image
Read 4 tweets
Kieran Maguire Profile picture
Feb 20
Under the Glazer family Manchester United have generated £7,591,000,000 from ticket sales and have turned the club into a commercial giant. How has the money been spent? ImageImage
The Glazers inherited an annual wage bill of £77m, this has increased five times since 2005 and is now the highest in the PL with the average weekly wage now £178k ImageImage
It's not just the players who have been rewarded, with the board earning £129 million during that period and the highest paid director peaking at just over £4.1m in 2017/18, perhaps as a bonus for...errr...reaching the final of the UEFA Super Cup? ImageImage
Read 8 tweets
Kieran Maguire Profile picture
Jan 3
Carlisle United publish full, transparent and audited accounts for 2021/22 and so get 5 ⭐️from me.
Income is up 16% as matches in front of fans return. Operating profits ⬇️ 75% as increased overheads.
Carlisle had almost £1.7m in the bank at end of 21/22 but also sizeable creditors so the money cannot be spent. Those Mbabbe to Brunton Park rumours are unlikely to crystallise.
Carlisle generated over £600k in cash from day to day activities, but a closer look shows the importance of player trading as almost all of this was cash from player sales.
Read 9 tweets
Kieran Maguire Profile picture
Dec 22, 2022
Peter Swann, the Scunthorpe United owner, is in the middle of legal proceedings against a company called Apollo Bookmakers Ltd
Mr Swann was introduced to Apollo in 2014 and was allowed to gamble on credit. By 2018 he owed £1.6 million.
Mr Swann agreed a settlement of the above debt of £400,000, payable by instalments.
Read 11 tweets
Kieran Maguire Profile picture
Dec 21, 2022
Notts County lost £1.7 million in the National League in 2021/22. Club has total creditors of almost £14 million, is technically insolvent and reliant upon owners to continue trading. No detailed accounts published which is a shame as club takes advantage of small company rules
Notts County bought players for £227k in 2021/22.
Notts County borrowed a fresh £2m in 2021/22 from owners taking total owed to almost £12 million
Read 4 tweets

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