Bury FC

[football]

www.bbc.co.uk/sport/football/49451896

[66738]

Sad for them. Truely a wake up call for football.

[Million Dollar Babies]

Aug 27, 2019 23:11:13 GMT 1 @spezial said:

Aug 27, 2019 23:10:09 GMT 1 Million Dollar Babies said:

Its official, kicked out

Fucking hell

Bolton have got the same 14 days as Bury have just had to conclude a sale otherwise they will face the same fate

Difference there is that the administrator said he would start to close the company down if they didn't have something sorted today. See what tomorrow brings

[Million Dollar Babies]

Does this mean an extra team to be promoted from the conference this season?

Good news for Halifax if so

[jim59]

Apparently they had viable offers but the potential purchasers all objected to the current owner trying to recoup his money?

Surely in these circumstances there should be a rule allowing the EFL to disqualify an owner effectively freezing them out and ringfencing their loss. The Revenue would have to agree maybe a law change is required specifically for football clubs..

[ACW]

Aug 27, 2019 23:15:17 GMT 1 66738 said:

Sad for them. Truely a wake up call for football.

Sadly, it won't be.

[keithAM11532]

Aug 27, 2019 23:15:17 GMT 1 66738 said:

Sad for them. Truely a wake up call for football.

Sad for the fans. I am not sure its a wake up call for football though. You could say the reverse is true, its about time the EFL started getting tougher and maybe that will make future want to get rich quick chairmen think twice.

[Galpharmer]

Aug 27, 2019 23:18:39 GMT 1 Million Dollar Babies said:

Does this mean an extra team to be promoted from the conference this season?

Good news for Halifax if so

Nope. Only 1 to go down from League 2. 3 down from League 1. No change in promotion.

[jim59]

Any news on Bolton?

[Million Dollar Babies]

Aug 27, 2019 23:21:43 GMT 1 jim59 said:

Any news on Bolton?

14 days to sort a deal out or its the end for them too

[Deleted]

Aug 27, 2019 23:18:45 GMT 1 jim59 said:

Apparently they had viable offers but the potential purchasers all objected to the current owner trying to recoup his money?

Surely in these circumstances there should be a rule allowing the EFL to disqualify an owner effectively freezing them out and ringfencing their loss. The Revenue would have to agree maybe a law change is required specifically for football clubs..

The onus is on the EFL to stop these kind of owners taking control in the first place. It's obviously not working so quite understandable that Debbie Jevons has put her foot down and made a point of disqualifying Bury as an EFL member. 

[Hank Hill]

Sad situation. This is the worst case scenario of bad ownership, and why the 50+1 rule in German football is a good idea to keep the fans/owner balance in check.

[BLUE&WHITE]

I'm conflicted. I dont want this to happen to any team or the fans of any team, particularly historical ones such as bury.

However I am laughing my tits off that Steve Dale in return for being a greedy, selfish twat has now essentially got fuck all.

[BLUE&WHITE]

Aug 27, 2019 23:33:56 GMT 1 Hank Hill said:

Sad situation. This is the worst case scenario of bad ownership, and why the 50+1 rule in German football is a good idea to keep the fans/owner balance in check.

What's that?

[rjn2000]

Aug 27, 2019 23:35:16 GMT 1 BLUE&WHITE said:

Aug 27, 2019 23:33:56 GMT 1 Hank Hill said:

Sad situation. This is the worst case scenario of bad ownership, and why the 50+1 rule in German football is a good idea to keep the fans/owner balance in check.

What's that?

Quite sensible, all things considered.

en.m.wikipedia.org/wiki/50%2B1_rule

[Deleted]

Aug 27, 2019 23:34:57 GMT 1 BLUE&WHITE said:

I'm conflicted. I dont want this to happen to any team or the fans of any team, particularly historical ones such as bury.

However I am laughing my tits off that Steve Dale in return for being a greedy, selfish twat has now essentially got fuck all.

He will get something though won’t he. Get the feeling this was all part of the plan, he now has some land to sell and boom profit made

[parkyp]

Actually lost for words...

[impact]

Aug 27, 2019 23:23:19 GMT 1 Million Dollar Babies said:

Aug 27, 2019 23:21:43 GMT 1 jim59 said:

Any news on Bolton?

14 days to sort a deal out or its the end for them too

If that's right then I ask again - why are they being treated more leniently? Or more to it, why have Bury been treated harsher?

Would it really have harmed the EFL to give Bury more time? Even if it was auto relegation for a couple more weeks to get something done.

[sapphireblue]

Aug 27, 2019 23:46:56 GMT 1 @underdog said:

Aug 27, 2019 23:34:57 GMT 1 BLUE&WHITE said:

I'm conflicted. I dont want this to happen to any team or the fans of any team, particularly historical ones such as bury.

However I am laughing my tits off that Steve Dale in return for being a greedy, selfish twat has now essentially got fuck all.

He will get something though won’t he. Get the feeling this was all part of the plan, he now has some land to sell and boom profit made

Won't the land now be “owned“ by the administrator on behalf of the creditors?

[DATM Travel Agent]

Aug 27, 2019 23:48:46 GMT 1 impact said:

Aug 27, 2019 23:23:19 GMT 1 Million Dollar Babies said:

14 days to sort a deal out or its the end for them too

If that's right then I ask again - why are they being treated more leniently? Or more to it, why have Bury been treated harsher?

Would it really have harmed the EFL to give Bury more time? Even if it was auto relegation for a couple more weeks to get something done.

Bury have already had their 14 days. Their "Notice of Withdrawal" expired on Friday and was then extended to 5pm today.

[impact]

This sums it all up tbh. It's not a wake-up call for football - Leeds, Pompey and all those others haven't proven to be. It should be a wake-up call for the fucking useless body that is the EFL, but can anyone really see it happening?

[impact]

Aug 27, 2019 23:53:02 GMT 1 DATM Travel Agent said:

Aug 27, 2019 23:48:46 GMT 1 impact said:

If that's right then I ask again - why are they being treated more leniently? Or more to it, why have Bury been treated harsher?

Would it really have harmed the EFL to give Bury more time? Even if it was auto relegation for a couple more weeks to get something done.

Bury have already had their 14 days. Their "Notice of Withdrawal" expired on Friday and was then extended to 5pm today.

So again, why is it different? Both clubs can't finish the season, both clubs don't have buyers. Hasn't the Bolton saga been going on for even longer than Bury? So why have Bury had 14 days fewer?

[DATM Travel Agent]

Aug 27, 2019 23:54:55 GMT 1 impact said:

Aug 27, 2019 23:53:02 GMT 1 DATM Travel Agent said:

Bury have already had their 14 days. Their "Notice of Withdrawal" expired on Friday and was then extended to 5pm today.

So again, why is it different? Both clubs can't finish the season, both clubs don't have buyers. Hasn't the Bolton saga been going on for even longer than Bury?

They're different cases though. The EFL had been satisfied sufficiently that the deal was close enough to completion that Bolton would be able to get things done and get through the season, so the suspension of the "Notice of Withdrawal" wasn't lifted. That wasn't the case for Bury, so the suspension was lifted and they were served their Notice of Withdrawal.

[DATM Travel Agent]

Aug 27, 2019 23:54:04 GMT 1 impact said:

This sums it all up tbh. It's not a wake-up call for football - Leeds, Pompey and all those others haven't proven to be. It should be a wake-up call for the fucking useless body that is the EFL, but can anyone really see it happening?

In a word, no. The EFL keep talking about the integrity of the competition and have on several occasions attempted to absolve themselves of all responsibility by stating that they're only "competition organisers". Now they can't even organise a 72 team competition. So what fucking purpose does the EFL serve?

[htfc1908]

Bolton may not get to 14 days as the wages are due at the end of the week and the administrators say unless it's sorted by then they will liquidate!
I fear that this could become a regular occurance now that one has gone it's no longer the unthinkable.

[Deleted]

Aug 27, 2019 23:50:33 GMT 1 sapphireblue said:

Aug 27, 2019 23:46:56 GMT 1 @underdog said:

He will get something though won’t he. Get the feeling this was all part of the plan, he now has some land to sell and boom profit made

Won't the land now be “owned“ by the administrator on behalf of the creditors?

From what I’ve read no as he has a cva agreed with the creditors. He just doesn’t have the cash to run the club or is unwilling to put his money in

[impact]

Aug 27, 2019 23:59:46 GMT 1 DATM Travel Agent said:

Aug 27, 2019 23:54:55 GMT 1 impact said:

So again, why is it different? Both clubs can't finish the season, both clubs don't have buyers. Hasn't the Bolton saga been going on for even longer than Bury?

They're different cases though. The EFL had been satisfied sufficiently that the deal was close enough to completion that Bolton would be able to get things done and get through the season, so the suspension of the "Notice of Withdrawal" wasn't lifted. That wasn't the case for Bury, so the suspension was lifted and they were served their Notice of Withdrawal.

Different, yes, but also pretty similar.

Maybe it's the cynical side of me coming out but it doesn't surprise me that the "bigger" club has had more time.

[DATM Travel Agent]

Aug 28, 2019 0:12:46 GMT 1 impact said:

Aug 27, 2019 23:59:46 GMT 1 DATM Travel Agent said:

They're different cases though. The EFL had been satisfied sufficiently that the deal was close enough to completion that Bolton would be able to get things done and get through the season, so the suspension of the "Notice of Withdrawal" wasn't lifted. That wasn't the case for Bury, so the suspension was lifted and they were served their Notice of Withdrawal.

Different, yes, but also pretty similar.

Maybe it's the cynical side of me coming out but it doesn't surprise me that the "bigger" club has had more time.

Because they went some way to meeting the criteria that were set by the EFL and they were led to believe that a deal was imminent. Bury never came close to meeting the criteria and until this afternoon, a deal never seemed to be close. That's why Bolton were given more time. Not because they're a "bigger" club.

[Killer]

Aug 27, 2019 23:34:57 GMT 1 BLUE&WHITE said:

I'm conflicted. I dont want this to happen to any team or the fans of any team, particularly historical ones such as bury.

However I am laughing my tits off that Steve Dale in return for being a greedy, selfish twat has now essentially got fuck all.

That's not how it works. If it did he wouldn't have gotten involved at all. 

A 7m loan was sold to a company with connections to a partner of his daughter for 70k, which wanted 1.7m in the CVA. 

www.theguardian.com/football/2019/aug/23/bury-company-debt-cva-steve-dale-daughter

An old Bury shareholder has just been on Talksport saying he'll pay for a forensic accountant to 'get people behind bars'.

[buckers]

Aug 27, 2019 23:54:55 GMT 1 impact said:

Aug 27, 2019 23:53:02 GMT 1 DATM Travel Agent said:

Bury have already had their 14 days. Their "Notice of Withdrawal" expired on Friday and was then extended to 5pm today.

So again, why is it different? Both clubs can't finish the season, both clubs don't have buyers. Hasn't the Bolton saga been going on for even longer than Bury? So why have Bury had 14 days fewer?

The administrators at Bolton are actually trying to sell the club to two buyers with money (and the hotel which is a massive part of the deal). Steve Dale at bury is a chancer. He has no interest in the club, just what he can make out of it. The ground and all the surrounding land is now his from what I’ve been told.

Steve Dale has been involved with 51 limited companies. 47 of them are out of business through liquidation. You don’t need to be a genius to see what that c*** is about.