Money was even forwarded by Sharp to help pay November’s wage bill. Simon Elliott and Ian Sharp thought they had a deal in place to buy Scunthorpe on December 1, pending “final due diligence”.
Two local businessmen watched on from the directors’ box against Maidenhead acutely aware of the club’s predicament. Every other chant from home fans on Saturday demanded his exit. Swann, once a popular figurehead with grand plans, is the focal point of supporters’ ire. Debts are building and the time for fresh investment grows urgent. Losses have been made every season since Swann’s arrival at Glanford Park and Scunthorpe continue to lose in the region of £100,000 a month in the National League.
Peter Swann, majority shareholder since 2013, is seeking a way out of a club that is thought to have eaten up over £20 million of his wealth. A winding up petition, served by His Majesty’s Revenue and Customs - the taxman - this week, brought the confirmation that times are parlous. The cupboards appear bare at a club that is up for sale and only a takeover can offer any genuine hope of a recovery. A win against Maidenhead brought much-needed respite
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