ccfc92
Well-Known Member
Depends, look at Bournemouth, decent investment in lower leagues and now established in the Premier League.
Bury gone (4 Viewers)
- Thread starter Saddlebrains
- Start date
Depends, look at Bournemouth, decent investment in lower leagues and now established in the Premier League.
fernandopartridge
Well-Known Member
They weren't taken over in such a chronic position though. Bolton and Bury have no players, are pretty much guaranteed to be relegated and it doesn't look like revenue has much chance of improving.
Flying Fokker
Well-Known Member
Bournemouth were in free fall. 35 point deduction until their white knight trotted in.
steve cooper
Well-Known Member
That's right, from memory (which isn't too good now) weren't we trying to get Leon Clarke back a few seasons ago, only to be outbid by Bury? I seem to remember people then sarcastically saying how embarrassing it was to be outbid by the mighty Bury.
robbiethemole
Well-Known Member
After all this fiasco for Bury and Bolton, and to an extent.ourselves, surely the time has come for the EFLto be removed from governance by the Sport Minister, as they threatened to to before.
The EFL are toothless and powerless to stop dodgy owners fucking clubs over without any fear of comeback, leaving the longsuffering fans to deal with the shit of losing their club.
It needs to stop and soon imo.
The EFL are toothless and powerless to stop dodgy owners fucking clubs over without any fear of comeback, leaving the longsuffering fans to deal with the shit of losing their club.
It needs to stop and soon imo.
Grendel
Well-Known Member
Well the EFL have now acted and stopped Dale and his dodgy CVA
NorthernWisdom
Well-Known Member
Yeah. In Bury's case (sad to say!) there really isn't much they could have done. He wasn't approved as owner either, I think? but the previous owner went ahead and sold it to him anyway.
Bury's a case of the kind of owner you just pray never turns up near your club, or you're as good as done for.
fernandopartridge
Well-Known Member
He took over in 2011 by which time they were in recovery and on an upward trajectory. The massive points deduction (27 over two seasons) was in 2008.
Grendel
Well-Known Member
How can the EFL stop owners acting irresponsibly but within the laws of the land?
It’s such a cliche yet is never really explained
Sky Blue Pete
Well-Known Member
Yep that’s right it’s the same with racism
Flying Fokker
Well-Known Member
It’s startling how many clubs have been in administration.
Administration (British football) - Wikipedia
Bolton have been dragging their feet. Why have Bury been given less time?
Administration (British football) - Wikipedia
Bolton have been dragging their feet. Why have Bury been given less time?
NorthernWisdom
Well-Known Member
tbf it's a private club, so they can let in who they like.
The problem is it's the owners who vote on any changes to the regulations and, let's be honest, why on earth would they vote for tougher rules on themselves?
ccfc92
Well-Known Member
They had stabilized slightly, i.e staying in the EFL. But they were very close to going under I believe.
Grendel
Well-Known Member
They can’t have special rules that circumnavigate standard company law regarding administration and liquidation
JAM See
Well-Known Member
fernandopartridge
Well-Known Member
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They'd more than stabilised, they had been promoted back to League 1 and by 2011 their losses were reducing. Certainly not the basket case that either Bolton or Bury is.
They'd more than stabilised, they had been promoted back to League 1 and by 2011 their losses were reducing. Certainly not the basket case that either Bolton or Bury is.
Sky_Blue_Dreamer
Well-Known Member
Football creditors rule. Any other industry they'd just be classed as trade creditors.
oucho
Well-Known Member
I wouldn't expect an immediate statement from the EFL confirming expulsion. I would guess it's more likely that a special board meeting will be held in the next 24-48 hours at which the executive will formally vote to ratify expulsion. Only once that's done, will an announcement be made.
No affinity for Bury whatsoever but this is desperately sad.
No affinity for Bury whatsoever but this is desperately sad.
Evo1883
Well-Known Member
People online asking top clubs to help out, this isn't the issue.
Besides bad ownership the issue really stems from the absurd distribution of wealth through the football pyramid.
100 million for finishing 20th in the Premier league
500k for finishing 25 places below as league 1 champions..
Fucking abysmal
Besides bad ownership the issue really stems from the absurd distribution of wealth through the football pyramid.
100 million for finishing 20th in the Premier league
500k for finishing 25 places below as league 1 champions..
Fucking abysmal
Grendel
Well-Known Member
They are still not allowed to circumvent rules. Bolton will go down tonight unless they are taken over regardless of EFL rules on admin
oucho
Well-Known Member
I don't see how that has contributed to this situation - as a business they have outspent their income, thus generating an unsustainable debt. Doesn't matter what your income is, if you spend beyond it then you'll be in trouble regardless of what the big boys earn.
That's like me spending my income on fags, women and drink (squandering the rest), being unable to pay my mortgage then blaming the billionaires for my house being repossessed.
Mcbean
Well-Known Member
The due diligence has shown the complexities of these clubs ownership and the baggage attached - can you imagine ours !!
My view is that Bury will be bought eventually but Bolton is a basket case - there are people with the money required which is small change - they just need to step up
My view is that Bury will be bought eventually but Bolton is a basket case - there are people with the money required which is small change - they just need to step up
Evo1883
Well-Known Member
The distribution of wealth is abysmal, teams trying to chase it as well.
I don't know how it's comparable to billionaires and the working class..
It's people in the same business receiving a bread crumb whilst others are getting a loaf... Its pathetic
Parachute payments also contribute to teams woes, getting rewarded for failure whilst also putting yourself on a better financial footing than the teams already pushing in the league below
hill83
Well-Known Member
What if spending your income on fags women and drink could potentially get you a giant golden dick and the second to last game on match of the day though?
JAM See
Well-Known Member
I think the point is, you should have NEVER been given a mortgage based on your spending habits.
The EFL 'supposedly' have a fit and proper test to prevent people like 'you' fucking up not just you but all your innocent dependents.
oucho
Well-Known Member
What the F would I do with a golden dick, Hill???
hill83
Well-Known Member
Whip it out at parties
JAM See
Well-Known Member
Au(ch)
Grendel
Well-Known Member
No they don’t - the EFL cannot control behaviour after takeover and also if there’s is one buyer and this so called fit and proper test fails the club dies anyway
hill83
Well-Known Member
Lovely
Sky_Blue_Dreamer
Well-Known Member
But there is a preferential creditors list and an order of priority in who gets paid first. The only way around that was if the football creditor was classified as a secured creditor, who held a charge over a business asset (most likely the player the club bought). For me, they shouldn't be and should be classed as a trade creditor.
Sky Blue 1987
Well-Known Member
The SSN reporter at Bury says the EFL will be having a meeting and a decision should be expected by 7pm at the latest
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Johhny Blue
Well-Known Member
Is Christmas still a go?
