New owners at the Iron

Scunthorpe United, currently bottom of the National League, have been taken over by a local group headed by former director Simon Elliott and Ian Sharp.

It was rumoured that a potential dead to sell to a London-based property development company had collapsed. Local news reports suggested that players and staff had not been paid for November.

The deal ensures that Glanford Park will revert to the club after having been transferred to the development company of former owner Peter Swann.

The new owners recognise 'we will have to put some investment in.' It is hoped to get local businesses back on board.

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The Political Economy of Football V2

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