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Bury gone (1 Viewer)

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

Well-Known Member
  • Aug 27, 2019
  • #71
hill83 said:
spending your income on fags ?
Click to expand...

More homophobia ffs
 
Reactions: Otis, CanadianCCFC, oucho and 5 others

Grendel

Well-Known Member
  • Aug 27, 2019
  • #72
Sky_Blue_Dreamer said:
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.
Click to expand...

Not in Bolton’s case now
 
Reactions: wantageskyblue

BornSlippySkyBlue

Well-Known Member
  • Aug 27, 2019
  • #73
There’s murmurs on twitter of a fresh bidder approaching the EFL directly with proof of funds.

Sounds like straw clutching to me, but who knows.
 

fellatio_Martinez

Well-Known Member
  • Aug 27, 2019
  • #74
Who cares fam? I'm more interested on Paul Pogba's latest hairstyle. That's real football.
 
Reactions: CanadianCCFC

JAM See

Well-Known Member
  • Aug 27, 2019
  • #75
Johhny Blue said:
Is Christmas still a go?
Click to expand...
Boxing day with the family looms. Boo!
 
Reactions: Jcap

Wyken Sky Blue

Well-Known Member
  • Aug 27, 2019
  • #76
I've gotta talk to my family on Boxing Day now, bastards!

Sent from my G8441 using Tapatalk
 
Reactions: Jcap and Sky Blue Pete

Covstu

Well-Known Member
  • Aug 27, 2019
  • #77
How many threads on this one!

EFL should have stepped in ages ago, if you can pay wages and fulfil fixtures then you default as an owner in my opinion. Bury brought league two and spent well over what they should have, Bolton have been sadly rotten to the core for years.
We may have wankers for owners but they have kept us afloat safely
 

Sky_Blue_Dreamer

Well-Known Member
  • Aug 27, 2019
  • #78
BornSlippySkyBlue said:
There’s murmurs on twitter of a fresh bidder approaching the EFL directly with proof of funds.

Sounds like straw clutching to me, but who knows.
Click to expand...

Sounds like bollocks, and personally if someone's coming in right now with proof of funds it's because they don't want to be properly scrutinised prior to sale. Be wary. Be very, very wary.
 
D

Deleted member 5849

Guest
  • Aug 27, 2019
  • #79
Sky_Blue_Dreamer said:
Sounds like bollocks, and personally if someone's coming in right now with proof of funds it's because they don't want to be properly scrutinised prior to sale. Be wary. Be very, very wary.
Click to expand...
tbf if you were a Bury fan, you'd now take a bid from a consortium involving Pol Pot, Pinochet, Stalin, Mussolini and Farage.
 
Reactions: CanadianCCFC, 6 Generations, hill83 and 1 other person

Grendel

Well-Known Member
  • Aug 27, 2019
  • #80
Deleted member 5849 said:
tbf if you were a Bury fan, you'd now take a bid from a consortium involving Pol Pot, Pinochet, Stalin, Mussolini and Farage.
Click to expand...

They’d still probably be a bit wary if it was SCC - Swinson, Clegg and Cable
 

fatso

Well-Known Member
  • Aug 27, 2019
  • #81
Deleted member 5849 said:
tbf if you were a Bury fan, you'd now take a bid from a consortium involving Pol Pot, Pinochet, Stalin, Mussolini and Farage.
Click to expand...
But not Sisu !!!
 
Reactions: Sky Blue Pete

BornSlippySkyBlue

Well-Known Member
  • Aug 27, 2019
  • #82
Sky_Blue_Dreamer said:
Sounds like bollocks, and personally if someone's coming in right now with proof of funds it's because they don't want to be properly scrutinised prior to sale. Be wary. Be very, very wary.
Click to expand...
Yeah, the timing does seem suspect. Unless a lifelong fan with money to burn who decided at the last minute to step in. But yeah, doubtful.
 

Sky_Blue_Dreamer

Well-Known Member
  • Aug 27, 2019
  • #83
Deleted member 5849 said:
tbf if you were a Bury fan, you'd now take a bid from a consortium involving Pol Pot, Pinochet, Stalin, Mussolini and Farage.
Click to expand...

You're having a laugh aren't you. Letting in a monster like Farage!
 
Reactions: torchomatic and 6 Generations

Sky_Blue_Dreamer

Well-Known Member
  • Aug 27, 2019
  • #84
Grendel said:
They’d still probably be a bit wary if it was SCC - Swinson, Clegg and Cable
Click to expand...

Why? They'd be looking to get them into Europe.
 
Reactions: Spurs 'City Away Kit' Kit

BornSlippySkyBlue

Well-Known Member
  • Aug 27, 2019
  • #85
 

Nick

Administrator
  • Aug 27, 2019
  • #86
Another extension and back to this in a week?
 
Reactions: no_loyalty and Sky_Blue_Dreamer

BornSlippySkyBlue

Well-Known Member
  • Aug 27, 2019
  • #87
They’ve got to draw a line somewhere though. Apparently the EFL are issuing a statement before 7pm tonight.

I imagine there are a few nervous Bury fans at the moment.
 

Sky Blue Pete

Well-Known Member
  • Aug 27, 2019
  • #88
BornSlippySkyBlue said:
They’ve got to draw a line somewhere though. Apparently the EFL are issuing a statement before 7pm tonight.

I imagine there are a few nervous Bury fans at the moment.
Click to expand...
It’ll be what nick says
 

Liquid Gold

Well-Known Member
  • Aug 27, 2019
  • #89
Even if they extend at this stage it could be too late for this season with the fixtures piling up. It might be that they give them a week, if the takeover goes through they start in League Two next year. If not they go bust.
 

Mcbean

Well-Known Member
  • Aug 27, 2019
  • #90
yep - no one wants Bury or Bolton kicked out however on the Bolton front we would only lose one point possibly rather than 3
 
Reactions: Sky Blue Pete

Sky_Blue_Dreamer

Well-Known Member
  • Aug 27, 2019
  • #91
Nick said:
Another extension and back to this in a week?
Click to expand...

Yep. I guess I've always misunderstood the meaning of deadline. If I'd known that I wouldn't have pulled that all-nighter years ago finishing that final piece for uni - I'd have just gone to bed and told em they'd have it sometime in the next six months or so (if I got round to it)
 

BornSlippySkyBlue

Well-Known Member
  • Aug 27, 2019
  • #92
Sky Blue Pete said:
It’ll be what nick says
Click to expand...
I’m not so sure, they can’t keep extending it forever. At what point will they have missed too many games to catch up? Must be pushing it already.

Find out soon I guess.
 

BornSlippySkyBlue

Well-Known Member
  • Aug 27, 2019
  • #93
Sky_Blue_Dreamer said:
Yep. I guess I've always misunderstood the meaning of deadline. If I'd known that I wouldn't have pulled that all-nighter years ago finishing that final piece for uni - I'd have just gone to bed and told em they'd have it sometime in the next six months or so (if I got round to it)
Click to expand...
You mean you never used the ‘extenuating circumstances’ line to get an extension?!
 
C

CCFCSteve

Well-Known Member
  • Aug 27, 2019
  • #94
Covstu said:
How many threads on this one!

EFL should have stepped in ages ago, if you can pay wages and fulfil fixtures then you default as an owner in my opinion. Bury brought league two and spent well over what they should have, Bolton have been sadly rotten to the core for years.
We may have wankers for owners but they have kept us afloat safely
Click to expand...

The problem is in all of these scenarios it’s the fans that pay the price.

The EFL needs to have a mechanism where the ‘golden share’ is removed from owners if they aren’t meeting certain criteria or go into administration ie the owners are just custodians if it. The EFL then runs the process of finding a new owner that can meet the ‘fit and proper’ criteria (for what it’s worth !) and offers best price. Whatever they recover for the golden share then goes back to the owners or the administrators. unfortunately, I’m not sure even this it would resolve the Bolton situation (from my limited understanding) and if it’s done without agreement/retrospectively it will just lead to legal actions etc etc by club owners.

I wonder if they could try to make all owners sign up to something like this in future though. Something has got to be done as the current situation is a mess and the EFL is toothless
 
Reactions: Covstu and fernandopartridge
D

Deleted member 5849

Guest
  • Aug 27, 2019
  • #95
BornSlippySkyBlue said:
You mean you never used the ‘extenuating circumstances’ line to get an extension?!
Click to expand...
Back in the day, there always seemed to be a massive cull of Grandmothers come deadline day.
 
Reactions: BornSlippySkyBlue and Sky_Blue_Dreamer

Sky_Blue_Dreamer

Well-Known Member
  • Aug 27, 2019
  • #96
BornSlippySkyBlue said:
You mean you never used the ‘extenuating circumstances’ line to get an extension?!
Click to expand...

Yeah, but the dog died that many times they thought I was living at the RSPCA!
 

Sky_Blue_Dreamer

Well-Known Member
  • Aug 27, 2019
  • #97
CCFCSteve said:
The problem is in all of these scenarios it’s the fans that pay the price.

The EFL needs to have a mechanism where the ‘golden share’ is removed from owners if they aren’t meeting certain criteria or go into administration ie the owners are just custodians if it. The EFL then runs the process of finding a new owner that can meet the ‘fit and proper’ criteria (for what it’s worth !) and offers best price. Whatever they recover for the golden share then goes back to the owners or the administrators. unfortunately, I’m not sure even this it would resolve the Bolton situation (from my limited understanding) and if it’s done without agreement/retrospectively it will just lead to legal actions etc etc by club owners.

I wonder if they could try to make all owners sign up to something like this in future though. Something has got to be done as the current situation is a mess and the EFL is toothless
Click to expand...

Trouble with that is you've got something similar to the US franchise system
 

MalcSB

Well-Known Member
  • Aug 27, 2019
  • #98
CCFCSteve said:
The problem is in all of these scenarios it’s the fans that pay the price.

The EFL needs to have a mechanism where the ‘golden share’ is removed from owners if they aren’t meeting certain criteria or go into administration ie the owners are just custodians if it. The EFL then runs the process of finding a new owner that can meet the ‘fit and proper’ criteria (for what it’s worth !) and offers best price. Whatever they recover for the golden share then goes back to the owners or the administrators. unfortunately, I’m not sure even this it would resolve the Bolton situation (from my limited understanding) and if it’s done without agreement/retrospectively it will just lead to legal actions etc etc by club owners.

I wonder if they could try to make all owners sign up to something like this in future though. Something has got to be done as the current situation is a mess and the EFL is toothless
Click to expand...
And the previous owner demolishes their stadium and builds houses on the site, using contracted players as labourers.
 
Reactions: CCFCSteve

clint van damme

Well-Known Member
  • Aug 27, 2019
  • #99
hill83 said:
Whip it out at parties
Click to expand...

Why would you be out at a party when you're second to last on match of the day?

You haven't thought this through, exactly the sort of I'll conceived scheme that gets teams in trouble.
 
Reactions: hill83
C

CCFCSteve

Well-Known Member
  • Aug 27, 2019
  • #100
Sky_Blue_Dreamer said:
Trouble with that is you've got something similar to the US franchise system
Click to expand...

I’d rather that than the current situation. I’m not talking about new owners having the ability to take the clubs to alternative locations (not that it stops some current owners !)

My idea is full of holes/loopholes that would need sorting but the alternative, as we are currently seeing, is dodgy owners driving clubs out of business. The EFL needs the ability to intervene earlier to stop these situations getting to this point
 

Grendel

Well-Known Member
  • Aug 27, 2019
  • #101
CCFCSteve said:
The problem is in all of these scenarios it’s the fans that pay the price.

The EFL needs to have a mechanism where the ‘golden share’ is removed from owners if they aren’t meeting certain criteria or go into administration ie the owners are just custodians if it. The EFL then runs the process of finding a new owner that can meet the ‘fit and proper’ criteria (for what it’s worth !) and offers best price. Whatever they recover for the golden share then goes back to the owners or the administrators. unfortunately, I’m not sure even this it would resolve the Bolton situation (from my limited understanding) and if it’s done without agreement/retrospectively it will just lead to legal actions etc etc by club owners.

I wonder if they could try to make all owners sign up to something like this in future though. Something has got to be done as the current situation is a mess and the EFL is toothless
Click to expand...

Do you really think anyone potential owner would buy a club on that basis

I just don’t get the hysteria - businesses in other industries collapse all the time - the fact these are the first in the league for a long time suggests the current system is working surely
 

no_loyalty

Well-Known Member
  • Aug 27, 2019
  • #102
Nick said:
Another extension and back to this in a week?
Click to expand...

EFL are becoming a circus now, I wouldn't want any club to go out of business, but this is really starting to take the piss.
 

Grendel

Well-Known Member
  • Aug 27, 2019
  • #103
People keep feeling sorry for fans but what about creditors who will not get a penny out of this - many who will be mall and faithfully carried on with helping the club

Bolton has been an utter basket case for 7 years - in any other industry it would be shut down. Bury made absurd financial decisions years ago and the only reason Dale is there is the ridiculous mismanagement before

No responsible company will buy these basket cases
 

Sick Boy

Super Moderator
  • Aug 27, 2019
  • #104
mr_monkey said:
A couple of years ago I would have said the writing was on the wall but nowadays we are run so much better and are nowhere near the basket case that sadly Bolton and bury are
Click to expand...
We don’t have a stadium to play in in our home city, I’d say that’s pretty severe
 

chiefdave

Well-Known Member
  • Aug 27, 2019
  • #105
People are confusing two things, the rules of a competition and company law. The EFL can't override company law so the sort of changes people are talking about would require the law changing to create a new category of business that doesn't abide by the same laws everyone else does and can go bust every few years with little to no consequence.
 
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