spending your income on fags ?
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.
Boxing day with the family looms. Boo!Is Christmas still a go?
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.
tbf if you were a Bury fan, you'd now take a bid from a consortium involving Pol Pot, Pinochet, Stalin, Mussolini and Farage.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.
tbf if you were a Bury fan, you'd now take a bid from a consortium involving Pol Pot, Pinochet, Stalin, Mussolini and Farage.
But not Sisu !!!tbf if you were a Bury fan, you'd now take a bid from a consortium involving Pol Pot, Pinochet, Stalin, Mussolini and Farage.
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.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.
tbf if you were a Bury fan, you'd now take a bid from a consortium involving Pol Pot, Pinochet, Stalin, Mussolini and Farage.
They’d still probably be a bit wary if it was SCC - Swinson, Clegg and Cable
It’ll be what nick saysThey’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.
Another extension and back to this in a week?
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.It’ll be what nick says
You mean you never used the ‘extenuating circumstances’ line to get an extension?!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)
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
Back in the day, there always seemed to be a massive cull of Grandmothers come deadline day.You mean you never used the ‘extenuating circumstances’ line to get an extension?!
You mean you never used the ‘extenuating circumstances’ line to get an extension?!
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
And the previous owner demolishes their stadium and builds houses on the site, using contracted players as labourers.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
Whip it out at parties
Trouble with that is you've got something similar to the US franchise system
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
Another extension and back to this in a week?
We don’t have a stadium to play in in our home city, I’d say that’s pretty severeA 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
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