Bury FC

[66738]

Aug 27, 2019 23:20:39 GMT 1 keithAM11532 said:

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.

Yeah, you’re quite right. It should read: Surely a wake up call for football? Probably not.

[E4b]

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?

Them Administrators will shortly becoming Liquidators and yes the funds from land and assets will I’m sure be swallowed up by creditors, solicitors fees, liquidators fees etc.

[lochnessterrier]

Awful news for the fans, and sadly I think this could be the start of many to follow. The financial imbalance in football will only get wider and the lower league clubs are just not a viable business model.

[Metch]

www.theguardian.com/football/2019/aug/27/bury-historic-club-football-league-financial-ruins

A sorry mess that should not be allowed to happen, a tale of our times.

[Mecha Corte]

It would seem the last two owners of Bury FC have brought about their demise - the current one who would appear to have jumped in purely as an asset stripper and the previous (who I believe was a Town fan ?) and went mad with the cheque book, like so many fans at all other clubs demand of their owner, bringing in players like Harry Bunn, Stephen Dawson and Neil Danns on wages the club couldn't afford - its alleged popular explayer Dawson returned for his second stint with Bury on £6,000 PW, £1/3M a year for a club with gates of 3,000.
When the money quickly ran out the solution was to remortgage the stadium for £1.6M, it's also claimed that 40% of this was taken in arrangement fees, nice work if you can get it and that only £200,000 actually went into the clubs coffers. No repayments were made and interest is £1,500 a day.

A group of fans have pledged to raise funds to pay foresnsic accountants to sieve through this mess with the hope that at least those involved can be made to pay, quite possibly with jail sentences, for destroying a 134 year old football club that has twice won the FA Cup.

Perhaps the "Potless Phil" mob ought to take a step back and think - HTFC might be a bit shite right now but when you die you're dead for a long time.

[Deleted]

Aug 27, 2019 21:32:50 GMT 1 @bluewhiteblackgold said:

Aug 27, 2019 21:23:09 GMT 1 midlander said:

Works pretty well in a few European leagues. Everyone knows the budgets as they are published as well.

 
I'm interested in this.

Do you have links to documented evidence of salary capping? 

Seems to work in Australia too.

[Nickhudds.UTT]

Very very sad but surely now a new group can apply to start bury fc again on non league ladder next season.
Could be exciting tbh.
As a footy nut i would gladly attend one of first games to support them.

RIP Bury FC. Long live the memorys.

[rastrick32]

I think the real villain here is Stewart Day. He has played very fast and very loose in all his business dealings. The debts from his failing businesses are huge.

Steve Dale is a vulture who feeds off the carcasses of dying companies. Seemingly, what he does isn't illegal but it is certainly immoral and maybe legislation should be put in place to drive these shysters out of business.


Sat in the middle, we have our friends, the EFL. They don't know their prick from their kneecap. Toothless, blind and patently powerless to control dubious ownership of their members.

[rastrick32]

Aug 28, 2019 7:42:42 GMT 1 Nickhudds.UTT said:

Very very sad but surely now a new group can apply to start bury fc again on non league ladder next season.
Could be exciting tbh.
As a footy nut i would gladly attend one of first games to support them.

RIP Bury FC. Long live the memorys.

That's the way forward Nick. In fact, it is now the only option for them. Good luck to them.

[Headless Chicken]

This is sounding potentially more of an issue around the broader rules of being able to set-up a fairly small limited company, directors who should be disqualied and dodgy dealings.

Will be interesting to see what's uncovered and what's done about it.

[Headless Chicken]

Aug 28, 2019 7:42:42 GMT 1 Nickhudds.UTT said:

Very very sad but surely now a new group can apply to start bury fc again on non league ladder next season.
Could be exciting tbh.
As a footy nut i would gladly attend one of first games to support them.

RIP Bury FC. Long live the memorys.

There will surely be a pheonix club 👍

[terriertim]

PHOENIX BURY FC ?
DEAD AND BURYED FC ?
BURY FOR THE MEMORIES FC ?

Sad to see em go but todays news - tomorrows chip wrapper but a sober warning to all clubs who appont chairmen who think they can put little in and get max out.......sound familiar ?

Who is next -  Bolton ? -  Coventry ?

[Chips Longhorn]

Aug 28, 2019 8:03:07 GMT 1 terriertim said:

PHOENIX BURY FC ?
DEAD AND BURYED FC ?
BURY FOR THE MEMORIES FC ?

Sad to see em go but todays news - tomorrows chip wrapper but a sober warning to all clubs who appont chairmen who whink they can put little in and get max out.......sound familiar ?

Who is next -  Bolton ? -  Coventry ?

Who is to say it wont be town ? And if it was and some prick on the internet from another club was saying " todays news tomorrows chip wrapper" might you be a little pissed off ( thats if you were a town fan which is doubtful )

Also your analysis is wrong . Its not a fable about putting little in and getting max out . Its a fable about spending money you dont have. Which judging by all your rants on here is exactly what youd do if you were chairman . The irony .

[bogart]

Instead of the EFL trotting out the same old rubbish maybe they should take a long hard look in the mirror. They could not organise the proverbial in a brewery!
Looking at the programme from my first visit to Gigg Lane April 5 1969 1-1 result.

[teddytheterrier]

How come Bolton have been allowed to play games and Bury haven't?

[leroy212]

Aug 28, 2019 8:25:41 GMT 1 teddytheterrier said:

How come Bolton have been allowed to play games and Bury haven't?

And how come they get another 14 days, when the administrator there said they might start winding up today

[terriertim]

Aug 28, 2019 8:12:55 GMT 1 Chips Longhorn said:

Aug 28, 2019 8:03:07 GMT 1 terriertim said:

PHOENIX BURY FC ?
DEAD AND BURYED FC ?
BURY FOR THE MEMORIES FC ?

Sad to see em go but todays news - tomorrows chip wrapper but a sober warning to all clubs who appont chairmen who whink they can put little in and get max out.......sound familiar ?

Who is next -  Bolton ? -  Coventry ?

Who is to say it wont be town ? And if it was and some prick on the internet from another club was saying " todays news tomorrows chip wrapper" might you be a little pissed off ( thats if you were a town fan which is doubtful )

Also your analysis is wrong . Its not a fable about putting little in and getting max out . Its a fable about spending money you dont have. Which judging by all your rants on here is exactly what youd do if you were chairman . The irony .

oh dear chips how wrong you are on so many levels..for such a "clever" man you assume so much sweetie ..and such an angry man ! -  chillax dude -  Bury have been a shite club for many a year......never going to be anything than a "filler" club for the lower leagues. Badly run and badly supported and as in life the weakest go to the wall. I do feel sorry for their supporters as the chance of a comeback with what they have to offer is slim....and your opinion counts for diddly squat really. Only a clown would spend beyond their means but sadly the Bury circus has closed down now. Make me wonder if the same was happening to Weeds or Sadford if you would show such shallow sentiment ?

[Chips Longhorn]

Thanks for rebutting all my points and taking me to the cleaners . You are indeed a skilled mass debater

[bogart]

Aug 28, 2019 8:37:43 GMT 1 leroy212 said:

Aug 28, 2019 8:25:41 GMT 1 teddytheterrier said:

How come Bolton have been allowed to play games and Bury haven't?

And how come they get another 14 days, when the administrator there said they might start winding up today

Like I said re the reference to the brewery trip.

[ambryboy]

It's all about the sodding Premier League these days and sadly the ripples from the demise of Bury won't last long as the media continue to salivate over the big six clubs. Football as we recognise it is dying and I feel that the days of father takes son (or daughter) to their local footy team are beginning to fade away. I am increasingly falling out of love with the game which saddens me as it's been a big part of my life for 47 years.

[Farsley Terrier (UK product)]

www.theguardian.com/football/2019/aug/27/bury-historic-club-football-league-financial-ruins?CMP=share_btn_tw

shocking

[leroy212]

Aug 28, 2019 9:24:03 GMT 1 Farsley Terrier (UK product) said:

www.theguardian.com/football/2019/aug/27/bury-historic-club-football-league-financial-ruins?CMP=share_btn_tw

shocking

That is bad! Surely has to be investigated for some sort of dodgy financial dealings

[Chips Longhorn]

Aug 28, 2019 9:29:36 GMT 1 leroy212 said:

Aug 28, 2019 9:24:03 GMT 1 Farsley Terrier (UK product) said:

www.theguardian.com/football/2019/aug/27/bury-historic-club-football-league-financial-ruins?CMP=share_btn_tw

shocking

That is bad! Surely has to be investigated for some sort of dodgy financial dealings

Stewart Day is the fat guy from hudd who left all the student digs investors high n dry. Bankrolled a push for the championship but picked clarky as.manager so predictably they got relegated . The Dale.guy is just a vulture who looked to cream off the pickings . Both despicable characters in their own right but allowed to do it by the football league

[terriertim]

Aug 28, 2019 8:41:58 GMT 1 Chips Longhorn said:

Thanks for rebutting all my points and taking me to the cleaners . You are indeed a skilled mass debater

Your welcome -  learnt it all from you
Loving the schoolboy puerile humour -  so fresh !

[otterman]

Apologies if this is a naive question, but what is the relationship between the EFL and the FA with regards to such situations.
The FA are awash with money as is the premier league ( yet another huge and separate bureaucracy ).
Surely the FA should be setting up a rescue fund such as exists in the travel and banking sectors to intervene?
All comments welcome.

[themanfromatlantis]

Aug 28, 2019 7:31:38 GMT 1 Mecha Corte said:

It would seem the last two owners of Bury FC have brought about their demise - the current one who would appear to have jumped in purely as an asset stripper and the previous (who I believe was a Town fan ?) and went mad with the cheque book, like so many fans at all other clubs demand of their owner, bringing in players like Harry Bunn, Stephen Dawson and Neil Danns on wages the club couldn't afford - its alleged popular explayer Dawson returned for his second stint with Bury on £6,000 PW, £1/3M a year for a club with gates of 3,000.
When the money quickly ran out the solution was to remortgage the stadium for £1.6M, it's also claimed that 40% of this was taken in arrangement fees, nice work if you can get it and that only £200,000 actually went into the clubs coffers. No repayments were made and interest is £1,500 a day.

A group of fans have pledged to raise funds to pay foresnsic accountants to sieve through this mess with the hope that at least those involved can be made to pay, quite possibly with jail sentences, for destroying a 134 year old football club that has twice won the FA Cup.

Perhaps the "Potless Phil" mob ought to take a step back and think - HTFC might be a bit shite right now but when you die you're dead for a long time.

If Bolton go the same way, then I'd expect the story will retain the headlines for a little longer & therefore there may be some positive outcomes from this sad state of affairs.

With regards to ownership, the problem with the EFL & how they supposedly vet the owners is that these are people that historically have been placed into these positions through longevity and hierarchy (or at least that's how it used to be). The game itself has become far more money orientated & these owners are (probably) far more business savvy than the EFL board. That's how shysters are allowed to pull the wool over their eyes. Plus of course, once the owner is in situ, what powers do the EFL have over the background accounts, if the clubs are using clever accounting to hide the gaps. Can they demand an open book view? Probably not.

The Bury fans will be understandably cut through about their club today, but did they do enough to try and temper what was going on on the last few yrs? They were riding high getting promoted, but on a smaller scale it was not dissimilar to clubs in the Championship punting on getting into the big money league.

Football has been teetering on the brink for years, we're lucky to have been immune to that in more recent yrs, but the Rubery ownership & administration was only a couple of steps away from where Bury are today.

Football should also look at investing in the governance rather than the marketing and pandering to TV & betting companies. Remember when it was Division 1, 2, 3 & 4? Then the money & marketing came in, the PL (& the commencement of the commercial divide) was formed. Then they decided that league one, two & three wasn't enough, so they re-badged the 2nd division as the Championship.

I hope that something positive comes out of this & I'm sure Bury will re-build if there's the will and some degree of properly targeted investment.

[ambryboy]

Aug 28, 2019 10:05:38 GMT 1 themanfromatlantis said:

Aug 28, 2019 7:31:38 GMT 1 Mecha Corte said:

It would seem the last two owners of Bury FC have brought about their demise - the current one who would appear to have jumped in purely as an asset stripper and the previous (who I believe was a Town fan ?) and went mad with the cheque book, like so many fans at all other clubs demand of their owner, bringing in players like Harry Bunn, Stephen Dawson and Neil Danns on wages the club couldn't afford - its alleged popular explayer Dawson returned for his second stint with Bury on £6,000 PW, £1/3M a year for a club with gates of 3,000.
When the money quickly ran out the solution was to remortgage the stadium for £1.6M, it's also claimed that 40% of this was taken in arrangement fees, nice work if you can get it and that only £200,000 actually went into the clubs coffers. No repayments were made and interest is £1,500 a day.

A group of fans have pledged to raise funds to pay foresnsic accountants to sieve through this mess with the hope that at least those involved can be made to pay, quite possibly with jail sentences, for destroying a 134 year old football club that has twice won the FA Cup.

Perhaps the "Potless Phil" mob ought to take a step back and think - HTFC might be a bit shite right now but when you die you're dead for a long time.

If Bolton go the same way, then I'd expect the story will retain the headlines for a little longer & therefore there may be some positive outcomes from this sad state of affairs.

With regards to ownership, the problem with the EFL & how they supposedly vet the owners is that these are people that historically have been placed into these positions through longevity and hierarchy (or at least that's how it used to be). The game itself has become far more money orientated & these owners are (probably) far more business savvy than the EFL board. That's how shysters are allowed to pull the wool over their eyes. Plus of course, once the owner is in situ, what powers do the EFL have over the background accounts, if the clubs are using clever accounting to hide the gaps. Can they demand an open book view? Probably not.

The Bury fans will be understandably cut through about their club today, but did they do enough to try and temper what was going on on the last few yrs? They were riding high getting promoted, but on a smaller scale it was not dissimilar to clubs in the Championship punting on getting into the big money league.

Football has been teetering on the brink for years, we're lucky to have been immune to that in more recent yrs, but the Rubery ownership & administration was only a couple of steps away from where Bury are today.

Football should also look at investing in the governance rather than the marketing and pandering to TV & betting companies. Remember when it was Division 1, 2, 3 & 4? Then the money & marketing came in, the PL (& the commencement of the commercial divide) was formed. Then they decided that league one, two & three wasn't enough, so they re-badged the 2nd division as the Championship.

I hope that something positive comes out of this & I'm sure Bury will re-build if there's the will and some degree of properly targeted investment.

Happier times indeed but sadly consigned to history as the march of the PL is unstoppable now thus cutting off the supply of much of football's revenues to all but a handful of teams.

[Deleted]

Aug 28, 2019 10:05:38 GMT 1 themanfromatlantis said:

Aug 28, 2019 7:31:38 GMT 1 Mecha Corte said:

It would seem the last two owners of Bury FC have brought about their demise - the current one who would appear to have jumped in purely as an asset stripper and the previous (who I believe was a Town fan ?) and went mad with the cheque book, like so many fans at all other clubs demand of their owner, bringing in players like Harry Bunn, Stephen Dawson and Neil Danns on wages the club couldn't afford - its alleged popular explayer Dawson returned for his second stint with Bury on £6,000 PW, £1/3M a year for a club with gates of 3,000.
When the money quickly ran out the solution was to remortgage the stadium for £1.6M, it's also claimed that 40% of this was taken in arrangement fees, nice work if you can get it and that only £200,000 actually went into the clubs coffers. No repayments were made and interest is £1,500 a day.

A group of fans have pledged to raise funds to pay foresnsic accountants to sieve through this mess with the hope that at least those involved can be made to pay, quite possibly with jail sentences, for destroying a 134 year old football club that has twice won the FA Cup.

Perhaps the "Potless Phil" mob ought to take a step back and think - HTFC might be a bit shite right now but when you die you're dead for a long time.

If Bolton go the same way, then I'd expect the story will retain the headlines for a little longer & therefore there may be some positive outcomes from this sad state of affairs.

With regards to ownership, the problem with the EFL & how they supposedly vet the owners is that these are people that historically have been placed into these positions through longevity and hierarchy (or at least that's how it used to be). The game itself has become far more money orientated & these owners are (probably) far more business savvy than the EFL board. That's how shysters are allowed to pull the wool over their eyes. Plus of course, once the owner is in situ, what powers do the EFL have over the background accounts, if the clubs are using clever accounting to hide the gaps. Can they demand an open book view? Probably not.

The Bury fans will be understandably cut through about their club today, but did they do enough to try and temper what was going on on the last few yrs? They were riding high getting promoted, but on a smaller scale it was not dissimilar to clubs in the Championship punting on getting into the big money league.

Football has been teetering on the brink for years, we're lucky to have been immune to that in more recent yrs, but the Rubery ownership & administration was only a couple of steps away from where Bury are today.

Football should also look at investing in the governance rather than the marketing and pandering to TV & betting companies. Remember when it was Division 1, 2, 3 & 4? Then the money & marketing came in, the PL (& the commencement of the commercial divide) was formed. Then they decided that league one, two & three wasn't enough, so they re-badged the 2nd division as the Championship.

I hope that something positive comes out of this & I'm sure Bury will re-build if there's the will and some degree of properly targeted investment.

The bottom line is every club is responsible for how it is run. I feel for the fans at bury and Bolton and I have no doubt many more clubs are sailing close to the wind.whatever some people think about the current state of things at town I don't think we will be one of them. nearly happened once and should be gratefull we are still here. utt

[bogart]

Aug 28, 2019 9:29:36 GMT 1 leroy212 said:

Aug 28, 2019 9:24:03 GMT 1 Farsley Terrier (UK product) said:

www.theguardian.com/football/2019/aug/27/bury-historic-club-football-league-financial-ruins?CMP=share_btn_tw

shocking

That is bad! Surely has to be investigated for some sort of dodgy financial dealings

Who do you suggest investigates. The EFL no way. The FCA another useless group who need a kick up the arse. It is all an old boys act, acted out in some tax free haven.

[bogart]

Aug 28, 2019 9:29:36 GMT 1 leroy212 said:

Aug 28, 2019 9:24:03 GMT 1 Farsley Terrier (UK product) said:

www.theguardian.com/football/2019/aug/27/bury-historic-club-football-league-financial-ruins?CMP=share_btn_tw

shocking

That is bad! Surely has to be investigated for some sort of dodgy financial dealings

Who do you suggest investigates. The EFL no way. The FCA another useless group who need a kick up the arse. It is all an old boys act, acted out in some tax free haven.