Bury (1 Viewer)

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no_loyalty

no_loyalty

Well-Known Member
Bury given 12 point deduction.
 
Nick

Nick

Administrator
They look fucked!

The Club had been set a 5pm deadline on Wednesday 7 August 2019 by the League who were seeking further information into how they planned to meet its commitments in respect of football creditor debts, payment to unsecured creditors as part of the Company Voluntary Arrangement (CVA), alongside source and sufficiency of funding for season 2019/20.

Following extensive discussions and correspondence between the Club’s ownership and the League - the additional information provided lacks the clarity required and as a result of the League not being able to defer the decision any later than today, the Club’s Carabao Cup tie on Tuesday 13 August 2019 will not take place as scheduled in accordance with Carabao Cup rules.

The EFL will continue to concentrate its efforts on working constructively with the Club and Mr Dale to obtain the detail required to avoid any further suspensions.

However, the EFL Board is of the strong opinion that it cannot continue to suspend fixtures indefinitely and, after Wednesday’s deadline for information was passed without a successful resolution, it will now lift the suspension on the notice of withdrawal of membership of the EFL.

Bury were served the notice of withdrawal of membership on 25 July 2019 and it has remained suspended until today (8 August 2019).

As per the League’s Articles of Association, this will now give the Club 14 days (until 23 August 2019) to meet all outstanding requirements of the League’s insolvency policy or its membership of the EFL will be withdrawn.
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14 days else they are out.
 
Liquid Gold

Liquid Gold

Well-Known Member
They are properly done. Where will they end up too? Conference season has started so they probably won’t kick someone out of there. How many leagues down will they have to go. Unfortunately the charlatan in charge still owns the stadium so any Phoenix club would have to play down the local park.
 
CanadianCCFC

CanadianCCFC

Well-Known Member
chiefdave said:
How is their game on Tuesday already off but still no mention of our game against BW. EFL making it up as they go along.
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Yeah the EFL is struggling but you have to appreciate the difficulty of their decisions. They can’t kick clubs out, postpone or forfeit fixtures lightly. They also can’t just financially cover for these clubs.
 
Houchens Head

Houchens Head

Fairly well known member from Malvern
I can't help thinking that the problems that are in football at the moment lay at the feet of companies like Sky TV. They dictate everything in the game, even down to when the referee blows his whistle to start the game, because a fuckin' telly advert is still running! I absolutely HATE Sky TV and love it when I can cheat them by watching their games for free. They pay umpteen millions to the big Premier League clubs but very little to the grass root, blood & guts clubs that really need a cash injection. Ever since they evolved into the world of TV Sport, there have been corporate problems. I detest that company so much!
 
CJ_covblaze

CJ_covblaze

Well-Known Member
Liquid Gold said:
They are properly done. Where will they end up too? Conference season has started so they probably won’t kick someone out of there. How many leagues down will they have to go. Unfortunately the charlatan in charge still owns the stadium so any Phoenix club would have to play down the local park.
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They will probably just play friendlies. You have to apply to be elected into a league before February.
 
D

Deleted member 5849

Guest
If Bury go it'd be a crying shame. Good little club, always done... alright for their size, and FA Cup winners too. Fat lady really does seem set to take the stage, though.
 
W

wingy

Well-Known Member
Houchens Head said:
I can't help thinking that the problems that are in football at the moment lay at the feet of companies like Sky TV. They dictate everything in the game, even down to when the referee blows his whistle to start the game, because a fuckin' telly advert is still running! I absolutely HATE Sky TV and love it when I can cheat them by watching their games for free. They pay umpteen millions to the big Premier League clubs but very little to the grass root, blood & guts clubs that really need a cash injection. Ever since they evolved into the world of TV Sport, there have been corporate problems. I detest that company so much!
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Ditto!!
 
no_loyalty

no_loyalty

Well-Known Member
Another fixture now suspended by the EFL, hope they get new owners soon, and pay off their Football creditors.
 
X

xcraigx

Well-Known Member
ccfc92 said:
Was this owner before or after they started over spending on players wages in 15-16 season?
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After. The previous one spent money like it was going out of fashion and just after getting shot of Bury his empire collapsed owing many millions. He sold on to an acquaintance for £1 who specialises in liquidating businesses. I think I read he has liquidated 30 odd of them in the past.
 
Terry Gibson's perm

Terry Gibson's perm

Well-Known Member
I don’t see why people say the premier league teams could do this and that it isn’t their issue to deal with
 
CanadianCCFC

CanadianCCFC

Well-Known Member
Terry Gibson's perm said:
Why Bury overspent and then find an idiot to take the club on who doesn’t seem to have a pot to piss in, why should Man City it’s ok we will bail you out and if they do it will be the start of premier b teams.
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Yup if man city help bury then owners will be thinking why pay the staff when someone else can pay them for me? Same with the efl and pfa being relied upon too heavily.
 
D

Deleted member 5849

Guest
Terry Gibson's perm said:
Why Bury overspent and then find an idiot to take the club on who doesn’t seem to have a pot to piss in, why should Man City it’s ok we will bail you out and if they do it will be the start of premier b teams.
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We overspent, why should anyone help us?

The reason the top flight has it's USP which allows for the large TV deals is because of the depth of following in this country, which is almost unique. Lose the depth, lose the uniqueness, risk losing the cash.

Seriously, if clubs and fans don't actvtogetger to try and ensure we all survive and thrive, then many of us die.
 
D

Deleted member 5849

Guest
robbiekeane said:
Would this bloke lose any money from selling with the offers on the table? Question to anyone not expecting you to know all the details.

Trying to understand why he wouldn’t just sell
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I assume there's a value in the assets if liquidated that's of worth to him.

He wouldn't be the first. Not long since CRFC were owned by a serial liquidators who nearly did for them.
 
Terry Gibson's perm

Terry Gibson's perm

Well-Known Member
Deleted member 5849 said:
We overspent, why should anyone help us?

The reason the top flight has it's USP which allows for the large TV deals is because of the depth of following in this country, which is almost unique. Lose the depth, lose the uniqueness, risk losing the cash.

Seriously, if clubs and fans don't actvtogetger to try and ensure we all survive and thrive, then many of us die.
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We overspent and dropped below our level to try to deal with it, Bury got promoted.

I would imagine that in China or one of these places the money comes from they haven’t heard of Bury or even know any teams outside of the Prem.

As I said if they bail them out it would be to use as a b team and there doesn’t seem to be any appetite for that.

The efl have failed again though they have once again allowed unsuitable people to take over in their quest to keep 72 clubs at any cost.
 
Grendel

Grendel

Well-Known Member
Deleted member 5849 said:
We overspent, why should anyone help us?

The reason the top flight has it's USP which allows for the large TV deals is because of the depth of following in this country, which is almost unique. Lose the depth, lose the uniqueness, risk losing the cash.

Seriously, if clubs and fans don't actvtogetger to try and ensure we all survive and thrive, then many of us die.
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The top flight gets its big money from its popularity overseas and especially the Far East

It doesn’t need clubs like Bury
 
B

Brighton Sky Blue

Well-Known Member
Grendel said:
The top flight gets its big money from its popularity overseas and especially the Far East

It doesn’t need clubs like Bury
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Nobody has argued for a PL bailout of these clubs, the point was to show how absurd the financial gulf is. Though it has highlighted something else-a league club is set to go bust and you couldn’t give a toss. Presumably though you’d kick up a fuss were we to be expelled for not playing in Cov whereas fans of other clubs could argue it’s ‘our’ fault.

Funny how the mental gymnastics work in your mind
 
Grendel

Grendel

Well-Known Member
Brighton Sky Blue said:
Nobody has argued for a PL bailout of these clubs, the point was to show how absurd the financial gulf is. Though it has highlighted something else-a league club is set to go bust and you couldn’t give a toss. Presumably though you’d kick up a fuss were we to be expelled for not playing in Cov whereas fans of other clubs could argue it’s ‘our’ fault.

Funny how the mental gymnastics work in your mind
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I didn’t say I don’t give a toss

The commercial reality is what it is. Also other clubs have gone to the wall before and I couldn’t remember the football world wailing in collective grief then either and some were before the premier league even started
 
B

Brighton Sky Blue

Well-Known Member
Grendel said:
I didn’t say I don’t give a toss

The commercial reality is what it is. Also other clubs have gone to the wall before and I couldn’t remember the football world wailing in collective grief then either and some were before the premier league even started
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If it didn’t then it should have. We are happy to praise ridiculous overspenders when they succeed and turn a blind eye to their failure. That’s a large part of the problem
 
Grendel

Grendel

Well-Known Member
Brighton Sky Blue said:
If it didn’t then it should have. We are happy to praise ridiculous overspenders when they succeed and turn a blind eye to their failure. That’s a large part of the problem
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I can recall 4 teams going bust is the last 30 years - businesses go bust when they overspend and have no means of financial recovery
 
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