{"id":6530,"date":"2023-08-20T10:39:09","date_gmt":"2023-08-20T10:39:09","guid":{"rendered":"https:\/\/latestnews.top\/2023\/08\/20\/tycoon-behind-wilko-ran-up-huge-debts-on-football-and-horseracing\/"},"modified":"2023-08-20T10:39:09","modified_gmt":"2023-08-20T10:39:09","slug":"tycoon-behind-wilko-ran-up-huge-debts-on-football-and-horseracing","status":"publish","type":"post","link":"https:\/\/latestnews.top\/tycoon-behind-wilko-ran-up-huge-debts-on-football-and-horseracing\/","title":{"rendered":"Tycoon behind Wilko ran up huge debts on football and horseracing"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"js-article-text\" wp_automatic_readability=\"71.89482844356\">\n<h2>Tycoon behind Wilko ran up huge debts on football and horseracing<\/h2>\n<ul class=\"mol-bullets-with-font\">\n<li class=\"class\"><strong>Peter Swann presided over a catastrophic slump at Scunthorpe United\u00a0<\/strong><\/li>\n<li class=\"class\"><strong>Last year he was suing bookmakers Apollo for letting him bet beyond his means\u00a0<\/strong><\/li>\n<\/ul>\n<p class=\"author-section byline-plain\">By <a target=\"_blank\" href=\"https:\/\/www.dailymail.co.uk\/home\/search.html?s=&#038;authornamef=Patrick+Tooher\" class=\"author\" rel=\"noopener\">Patrick Tooher<\/a> and <a target=\"_blank\" href=\"https:\/\/www.dailymail.co.uk\/profile-191\/marcus-townend.html\" class=\"author\" rel=\"noopener\">Marcus Townend<\/a> <\/p>\n<p class=\"byline-section\"><span class=\"article-timestamp article-timestamp-published\"> <span class=\"article-timestamp-label\">Published:<\/span> <time datetime=\"2023-08-19T23:01:46+0100\"> 18:01 EDT, 19 August 2023 <\/time> <\/span> | <span class=\"article-timestamp article-timestamp-updated\"> <span class=\"article-timestamp-label\">Updated:<\/span> <time datetime=\"2023-08-20T11:29:15+0100\"> 06:29 EDT, 20 August 2023 <\/time> <\/span> <\/p>\n<p> <!-- ad: https:\/\/mads.dailymail.co.uk\/v8\/us\/money\/moneymarkets\/article\/other\/para_top.html --> <!-- CWV --><!--[if !IE]><!--> <link href=\"https:\/\/scripts.dailymail.co.uk\/static\/mol-fe\/static\/mol-fe-async-bundle\/7.2.0\/articleDefer.css\" media=\"all\" rel=\"stylesheet\" type=\"text\/css\" \/> <!--<![endif]--> <!--[if IE]>\n<link href=\"https:\/\/scripts.dailymail.co.uk\/static\/gunther\/1.17.0\/registration--.css\" media=\"screen\" rel=\"stylesheet\" type=\"text\/css\" \/>\n<![endif]--> <!--[if !IE]><!--> <link href=\"https:\/\/scripts.dailymail.co.uk\/static\/gunther\/17.18.0\/registration--.css\" media=\"all\" rel=\"stylesheet\" type=\"text\/css\" \/> <!--<![endif]--><!--[if IE]>\n<link href=\"https:\/\/scripts.dailymail.co.uk\/static\/gunther\/1.17.0\/all-ie8-9--.css\" media=\"all\" rel=\"stylesheet\" type=\"text\/css\" \/>\n<link href=\"https:\/\/scripts.dailymail.co.uk\/static\/gunther\/1.17.0\/all1-ie8-9--.css\" media=\"all\" rel=\"stylesheet\" type=\"text\/css\" \/>\n<![endif]--> <!--[if !IE]><!--> <link href=\"https:\/\/scripts.dailymail.co.uk\/static\/mol-fe\/static\/mol-fe-sync-bundle\/9.6.1\/desktop.css\" media=\"all\" rel=\"stylesheet\" type=\"text\/css\" \/> <link href=\"https:\/\/scripts.dailymail.co.uk\/static\/gunther\/17.18.1\/all--.css\" media=\"all\" rel=\"stylesheet\" type=\"text\/css\" \/><link href=\"https:\/\/scripts.dailymail.co.uk\/static\/gunther\/17.18.1\/all1--.css\" media=\"all\" rel=\"stylesheet\" type=\"text\/css\" \/> <!--<![endif]--><!--[if gte IE 8]><!--> <link rel=\"stylesheet\" type=\"text\/css\" media=\"screen\" href=\"https:\/\/scripts.dailymail.co.uk\/static\/mol-fe\/static\/mol-fe-fff\/2.4.1\/styles\/fff.css\" \/> <!--<![endif]-->  <!--[if IE 8]>\n\n<![endif]--> <!--[if IE 9]>\n\n<![endif]--> <!--[if IE]>\n\n<![endif]--> <!--[if !IE]> -->  <!--<![endif]--><\/p>\n<p>   <!-- SiteCatalyst code version: H.20.3.\n    Copyright 1997-2009 Omniture, Inc. More info available at\n    http:\/\/www.omniture.com -->  <\/p>\n<p>         <!-- End SiteCatalyst code version: H.20.3. -->  <!--[if IE]>\n\n<![endif]--> <!--[if !IE]> -->   <!--<![endif]--><!--[if IE]>\n  \n  <noscript><link rel=\"stylesheet\" href=\"https:\/\/scripts.dailymail.co.uk\/static\/gunther\/gunther-2159\/video_bundle--.css\"><\/noscript>\n  \n<![endif]--> <!--[if !IE]> --> <link rel=\"preload\" href=\"https:\/\/scripts.dailymail.co.uk\/static\/videoplayer\/7.2.0\/styles\/mol-fe-videoplayer.min.css\" as=\"style\" onload=\"this.rel=\" stylesheet=\"\" \/> <noscript><link rel=\"stylesheet\" href=\"https:\/\/scripts.dailymail.co.uk\/static\/videoplayer\/7.2.0\/styles\/mol-fe-videoplayer.min.css\" \/><\/noscript>  <!-- <![endif]-->   <!-- CWV --><\/p>\n<div itemprop=\"articleBody\" wp_automatic_readability=\"36.60945709282\">\n<p class=\"mol-para-with-font\">A member of the multi-millionaire family behind Wilko blew a chunk of his fortune running up huge gambling debts.<\/p>\n<p class=\"mol-para-with-font\">Peter Swann, who shared in a \u00a363million payment from the business in 2014, also presided over a catastrophic slump at the local football team he bankrolled.<\/p>\n<p class=\"mol-para-with-font\">His wife Karin Swann, a granddaughter of Wilko founder James Kemsey Wilkinson, sold her share to the other side of the family \u2013 her cousin Lisa Wilkinson, uncle Tony and his wife Christine.<\/p>\n<div class=\"artSplitter mol-img-group\" style=\"style\" wp_automatic_readability=\"7\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\"> <img fetchpriority=\"high\" decoding=\"async\" id=\"i-bd787967b974f922\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/08\/19\/15\/74502385-12423885-image-m-93_1692455687955.jpg\" height=\"414\" width=\"634\" alt=\"Losses: Peter Swann with wife Karin and one of their horses\" class=\"blkBorder img-share\" style=\"max-width:100%\" \/> <\/div>\n<p> <noscript> <img decoding=\"async\" id=\"i-bd787967b974f922\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/08\/19\/15\/74502385-12423885-image-m-93_1692455687955.jpg\" height=\"414\" width=\"634\" alt=\"Losses: Peter Swann with wife Karin and one of their horses\" class=\"blkBorder img-share\" \/> <\/noscript> <\/div>\n<p class=\"imageCaption\">Losses: Peter Swann with wife Karin and one of their horses<\/p>\n<\/div>\n<p class=\"mol-para-with-font\">Swann used part of his payout to bankroll Scunthorpe United. However, the club was last season relegated to the National League North. Fans staged a pitch protest against Swann, who was forced to sell Scunthorpe this year, but he still owns the ground.<\/p>\n<p class=\"mol-para-with-font\">The gambling losses emerged last year when court papers showed he was suing bookmakers Apollo for letting him bet beyond his means.\u00a0<\/p>\n<p class=\"mol-para-with-font\">Apollo allowed him to bet on credit and from 2014 and 2018 it was estimated he had bet in the region of \u00a320million.\u00a0<\/p>\n<p class=\"mol-para-with-font\">Papers stated he would regularly bet between \u00a35,000 and \u00a320,000 on a single event, according to The Athletic magazine. Swann insisted the losses were his own money and unrelated to Scunthorpe.<\/p>\n<p class=\"mol-para-with-font\">He had more luck owning racehorses. One of them, Rhythm N Hooves, scooped a \u00a351,000 prize at this year&#8217;s Royal Ascot.<\/p>\n<p class=\"mol-para-with-font\">There is no suggestion that any of Swann&#8217;s betting money came from Wilko.<\/p>\n<p class=\"mol-para-with-font\">&#8216;We have nothing to do with Wilko and no comment to make,&#8217; he said.<\/p>\n<p class=\"mol-para-with-font\"><span class=\"mol-style-italic\">Additional reporting by Richard Marsden.\u00a0<\/span><\/p>\n<\/div>\n<p>            <!-- ad: https:\/\/mads.dailymail.co.uk\/v8\/us\/money\/moneymarkets\/article\/other\/inread_player.html --><\/p>\n<div class=\"column-content cleared\">\n<div class=\"shareArticles\">\n<h3 class=\"social-links-title\">Share or comment on this article:<br \/>\n                        <\/h3>\n<\/p><\/div><\/div>\n<p class=\"mol-style-italic byline-section justify\">Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.<\/p>\n<p>            <ad-slot position=\"smart_feed\"><\/ad-slot><\/p>\n<p>            <ad-slot position=\"after_article\"><\/ad-slot><\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.dailymail.co.uk\/money\/markets\/article-12423885\/Tycoon-Wilko-ran-huge-debts-football-horseracing.html?ns_mchannel=rss&#038;ns_campaign=1490&#038;ito=1490\" target=\"_blank\" rel=\"noopener\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tycoon behind Wilko ran up huge debts on football and horseracing Peter Swann presided over a catastrophic slump at Scunthorpe United\u00a0 Last year he was suing bookmakers Apollo for letting him bet beyond his means\u00a0 By Patrick Tooher and Marcus Townend Published: 18:01 EDT, 19 August 2023 | Updated: 06:29 EDT, 20 August 2023 A [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[23,10370,226,10371,729,421,427,9132,5068,9853],"acf":{"source_article":"","image_credit":""},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/posts\/6530"}],"collection":[{"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/comments?post=6530"}],"version-history":[{"count":0,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/posts\/6530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/media\/6531"}],"wp:attachment":[{"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/media?parent=6530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/categories?post=6530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/latestnews.top\/wp-json\/wp\/v2\/tags?post=6530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}