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Trust responds to accusations

Image: Glanford Park: Home to Scunthorpe United

The Iron Trust have released a statement after Scunthorpe chairman Peter Swann accused them of leaking details of the club's accounts.

The supporters group revealed its surprise after Swann was angered by the publication of some account details on its website ahead of the club's AGM. Swann said the decision to reveal "privileged shareholder information" was "truly disappointing". The Trust had announced on its own website on Monday that the club had reported an annual loss of B#1,120,862 for the financial year ended June 30, 2014 and a similar deficit was predicted for the following 12 months. But in a statement the Trust insisted it had done nothing wrong. A statement read: "The Iron Trust board notes Peter Swann's statement of November 24 and is surprised to be accused of leaking information and disrespecting shareholders. "The Iron Trust has published a synopsis of Scunthorpe United's accounts every season since we were formed, providing our members and wider fan base an opportunity to put forward informed questions ahead of the club's AGM. "We followed the same procedure this season and refute the allegation that by doing so we leaked the information or disrespected our fellow shareholders. "We have sought to clarify our legal position with corporate law specialists and believe we were following established custom and practice at Scunthorpe United Football Club. "There is nothing in the accounts or relating documents claiming it is privileged, embargoed or confidential information. "The club has never previously sought to limit knowledge of the club's accounts to shareholders prior to an AGM and have never before questioned similar reporting by local media and independent websites. "If a request for this had been communicated to shareholders, we would have complied."

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