Most liked posts in thread: Bury FC

Ah,so that was it.

 

I said that yesterday. Would they have to stop everything each time this person goes on holiday

 

Concerned they don't really have the funds myself.

Trying to raise more capital maybe?

However, it's 5pm today and that doesn't seem to be moving at this moment.

 

Statement from C & N

 

Looking like the end for little Bury.
The company which was attempting to buy Bury Football Club, C&N Sporting Risk, says it is "unable to proceed" with its takeover of the League One club.

Bury, who had been given until 17:00 BST on Tuesday to complete the deal, now face expulsion from the English Football League.

The Shakers would become the first team to drop out of the EFL since Maidstone's liquidation in 1992.

The EFL said it "continues to be in discussions" ahead of the deadline.

"The league announced at the weekend that it was working exclusively with the club and C&N in an attempt to finalise a change of control at the club," the governing body said in a statement.

"However, following a period of due diligence, C&N have opted not to progress matters.

"The league continues to be in discussions with Bury FC in advance of today's 5pm deadline and will provide a further update as appropriate."

 

I'd take Stephen Dawson to hold the midfield for us. Leads by example plenty of bite in the tackle, plenty of experience.

 

Does that mean 6 will be promoted from League Two next season?!!!

Surely even we cannot mess that opportunity up!!!!!!!

 

No it doesn’t

 

Ok, care to enlighten?

1 relegation from the Championship?

 

Well 5 O’clock has been and gone, and still no statement either way from the EFL. Bury’s prospective buyers are out. If a deal is not completed at Bolton 8n the next few hours, they go into liquidation tomorrow, it is that tight.

 

Stating the obvious here. But they’re both gone, there’s no white knight coming over the horizon. Sadly...Someone needs to rip the plaster off.

 

The never said there would be a statement at 5. If the deadline for paperwork etc was 5 it could till tomorrow before there is anything

 

Peterborough chairman on talksport just now saying he knows there is a buyer with the funds that wants to buy Bury. Why are they only coming forward now when the deadline has passed then?

 

All they want is a club to support

 

They can form a new club. That's not hard to do and honestly might be best for them considering the state of what the currently club is meant to be in.

 

Because maybe the current owner was wanting silly money.

I can afford to buy your house outright but if you wanted silly money for it I wouldn't.

The current owner brought the club for £1 so why should any potential owner pay the money he is wanting and also cover the 2.7m debt?

 

Means nothing that.

They were 4 bids on Friday. So seems like the owner looked at the best one for him because I always questioned if C & N could really afford Bury.

So now 3 things:

ELF end this because it's becoming a joke really for Div 1 & football.
Does the current owner accept a low deal that might not suit or benefit him.
If the ELF, owner accept the deal will the new potential buyers have the funds.

Think the ELF will make a stand as this has been dragging.

 

The famous parachute money! Sunderland and Huddersfield plus other could of been brought that way.