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Bury gone (1 Viewer)

  • Thread starter Saddlebrains
  • Start date Aug 27, 2019
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ccfc92

Well-Known Member
  • Aug 27, 2019
  • #36
sb84 said:
Does all this show that any Football club outside of the premier league is not worth investing in? Seems to be a real lack of interested corporations coming in for either Bury or Bolton.
Click to expand...

Depends, look at Bournemouth, decent investment in lower leagues and now established in the Premier League.
 

fernandopartridge

Well-Known Member
  • Aug 27, 2019
  • #37
ccfc92 said:
Depends, look at Bournemouth, decent investment in lower leagues and now established in the Premier League.
Click to expand...

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
  • Aug 27, 2019
  • #38
Bournemouth were in free fall. 35 point deduction until their white knight trotted in.
 
Reactions: Sky Blue Pete
S

steve cooper

Well-Known Member
  • Aug 27, 2019
  • #39
Nick said:
They only got promoted because they spent loads of money they didn't have and couldn't even pay the players that got them promoted.

Who owns the stadium?
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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.
 
Reactions: Sky Blue Pete
R

robbiethemole

Well-Known Member
  • Aug 27, 2019
  • #40
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.
 
Reactions: SkyBlueSid

Grendel

Well-Known Member
  • Aug 27, 2019
  • #41
robbiethemole said:
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.
Click to expand...

Well the EFL have now acted and stopped Dale and his dodgy CVA
 
D

Deleted member 5849

Guest
  • Aug 27, 2019
  • #42
Grendel said:
Well the EFL have now acted and stopped Dale and his dodgy CVA
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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.
 
Reactions: CanadianCCFC

fernandopartridge

Well-Known Member
  • Aug 27, 2019
  • #43
Flying Fokker said:
Bournemouth were in free fall. 35 point deduction until their white knight trotted in.
Click to expand...

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
  • Aug 27, 2019
  • #44
robbiethemole said:
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.
Click to expand...

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
 
Reactions: CanadianCCFC

Sky Blue Pete

Well-Known Member
  • Aug 27, 2019
  • #45
Grendel said:
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
Click to expand...
Yep that’s right it’s the same with racism
 

Flying Fokker

Well-Known Member
  • Aug 27, 2019
  • #46
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?
 
D

Deleted member 5849

Guest
  • Aug 27, 2019
  • #47
Grendel said:
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
Click to expand...
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?
 
Reactions: shmmeee

ccfc92

Well-Known Member
  • Aug 27, 2019
  • #48
fernandopartridge said:
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.
Click to expand...

They had stabilized slightly, i.e staying in the EFL. But they were very close to going under I believe.
 

Grendel

Well-Known Member
  • Aug 27, 2019
  • #49
Deleted member 5849 said:
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?
Click to expand...

They can’t have special rules that circumnavigate standard company law regarding administration and liquidation
 

JAM See

Well-Known Member
  • Aug 27, 2019
  • #50
David Squires on … Bolton, Bury and the threat to our football clubs
 
Reactions: ajsccfc

harvey098

Well-Known Member
  • Aug 27, 2019
  • #51
5pm gone then.

Have their fates been confirmed?
 

fernandopartridge

Well-Known Member
  • Aug 27, 2019
  • #52
[
ccfc92 said:
They had stabilized slightly, i.e staying in the EFL. But they were very close to going under I believe.
Click to expand...

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
  • Aug 27, 2019
  • #53
Grendel said:
They can’t have special rules that circumnavigate standard company law regarding administration and liquidation
Click to expand...

Football creditors rule. Any other industry they'd just be classed as trade creditors.
 

oucho

Well-Known Member
  • Aug 27, 2019
  • #54
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.
 
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Evo1883

Well-Known Member
  • Aug 27, 2019
  • #55
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
 
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Grendel

Well-Known Member
  • Aug 27, 2019
  • #56
Sky_Blue_Dreamer said:
Football creditors rule. Any other industry they'd just be classed as trade creditors.
Click to expand...

They are still not allowed to circumvent rules. Bolton will go down tonight unless they are taken over regardless of EFL rules on admin
 

Evo1883

Well-Known Member
  • Aug 27, 2019
  • #57
'FIT AND PROPER OWNERS'

Bag of cunts that rule over football
 
Reactions: shmmeee

oucho

Well-Known Member
  • Aug 27, 2019
  • #58
Evo1883 said:
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
Click to expand...

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
  • Aug 27, 2019
  • #59
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
 

Evo1883

Well-Known Member
  • Aug 27, 2019
  • #60
oucho said:
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.
Click to expand...

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
 
Reactions: Sky Blue Pete

hill83

Well-Known Member
  • Aug 27, 2019
  • #61
oucho said:
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.
Click to expand...

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?
 
Reactions: GaryMabbuttsLeftKnee, Sky Blue Pete and Evo1883

JAM See

Well-Known Member
  • Aug 27, 2019
  • #62
oucho said:
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.
Click to expand...

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.
 
Reactions: Sky Blue Pete

oucho

Well-Known Member
  • Aug 27, 2019
  • #63
hill83 said:
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?
Click to expand...
What the F would I do with a golden dick, Hill???
 

hill83

Well-Known Member
  • Aug 27, 2019
  • #64
oucho said:
What the F would I do with a golden dick, Hill???
Click to expand...

Whip it out at parties
 
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JAM See

Well-Known Member
  • Aug 27, 2019
  • #65
hill83 said:
Whip it out at parties
Click to expand...
Au(ch)
 
Reactions: hill83

Grendel

Well-Known Member
  • Aug 27, 2019
  • #66
JAM See said:
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.
Click to expand...

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
 
Reactions: oucho

hill83

Well-Known Member
  • Aug 27, 2019
  • #67
JAM See said:
Au(ch)
Click to expand...

Lovely
 
Reactions: JAM See

Sky_Blue_Dreamer

Well-Known Member
  • Aug 27, 2019
  • #68
Grendel said:
They are still not allowed to circumvent rules. Bolton will go down tonight unless they are taken over regardless of EFL rules on admin
Click to expand...

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.
 
S

Sky Blue 1987

Well-Known Member
  • Aug 27, 2019
  • #69
oucho said:
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.
Click to expand...

The SSN reporter at Bury says the EFL will be having a meeting and a decision should be expected by 7pm at the latest


Sent from my iPhone using Tapatalk
 

Johhny Blue

Well-Known Member
  • Aug 27, 2019
  • #70
Is Christmas still a go?
 
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