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Most liked posts in thread: Bury FC

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  1. Storck

    Storck Regular Starter

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    I’m guessing they will have taken numerous legal advices and will probably have a rule somewhere to allow for expulsion mid season without an egm
     
    #222 Storck, Aug 29, 2019
  2. Stafford Bantam

    Stafford Bantam Captain
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    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    #223 Stafford Bantam, Aug 29, 2019
  3. Storck

    Storck Regular Starter

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    #224 Storck, Aug 29, 2019
  4. Stafford Bantam

    Stafford Bantam Captain
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    And then stuck it in the CVA valued at £7.1 million.
     
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    #225 Stafford Bantam, Aug 29, 2019
  5. Bronco

    Bronco Star Player
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    #229 Bronco, Aug 29, 2019
  6. Stafford Bantam

    Stafford Bantam Captain
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    #231 Stafford Bantam, Nov 5, 2019
    Last edited: Nov 5, 2019
  7. Storck

    Storck Regular Starter

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    MPs talk some rubbish. The club wasn’t capable of showing they could finish the season and no one bought them in the allocated time.
     
    #232 Storck, Nov 5, 2019
  8. Storck

    Storck Regular Starter

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    I agree that there should be reguations in place but imagine the up roar if we were pushing for promotion at Christmas this year and the EFL/FA say to us we can not sign anyone and have to send some players out because we are 'over' spent. We would go mental at them and more so if we didn't then get promotion.
     
    #234 Storck, Nov 5, 2019
  9. hippo

    hippo Impact Sub
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    Yes I think that's exactly what they're saying. It's a bit ironic therefore to criticise the EFL when they've finally applied the the regulations and kicked Bury out.
     
    #235 hippo, Nov 5, 2019
  10. Storck

    Storck Regular Starter

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    Again that wouldn't stop the problem but stick a plaster over the issue after, the club could still be left in dire straights
     
    #237 Storck, Nov 5, 2019
  11. Dennis

    Dennis Captain
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    It would depend how the individual director was sanctioned. Directors who choose to ignore the SCMP rules now might well think twice in the future especially if the sanction meant that they would then fail the Owners & Directors test.
     
    #238 Dennis, Nov 5, 2019
  12. Storck

    Storck Regular Starter

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    They only have to take the test when buying a club. If they already own it then it isn't applied
     
    #239 Storck, Nov 5, 2019
  13. Dennis

    Dennis Captain
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    I already know that. It would require further changes to the O&D test to make it work properly.

    I'll stop here because it's beginning to feel like drawing teeth.
     
    #240 Dennis, Nov 5, 2019
  14. Bigrod

    Bigrod Captain
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    There is a recruitment embargo on Chelsea, as l understand it. From my point of view the EFL/FA/Premiership have to take measures to stop clubs from getting an unfair advantage. Bury had an unfair advantage last season, on the basis that they employed players they could not afford. I would be utterly furious if I was a Mansfield supporter!
     
    #241 Bigrod, Nov 5, 2019
  15. Offcomedun

    Offcomedun Important Player
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    It's the same as when Bolton went up from L1. They were in obvious financial difficulty, had previous for not paying players or other clubs what they were due etc. They were on a 'one in, one out' transfer embargo then totally sidestepped it by bringing in loans of high waged players and the EFL let them get away with it. They financed their promotion with borrowing they couldn't afford and it all came crashing down last season.
    It's been obvious for several seasons that Bury were playing with fire financially, but the EFL did nothing. Then they let Day sell the club to another charlatan who took them from bad to worse. This was an obvious missed opportunity for the EFL to check that the new owner was kosher.
    I think the MPs are spot on over this. The EFL rules on club ownership and spending are totally inadequate and even then aren't properly enforced. It must be heartbreaking for Bury fans to powerlessly watch their club get kicked out of the leagues when it was obvious to them that the owners were incompetents/fraudsters and the EFL did nothing to intervene.
     
    #242 Offcomedun, Nov 5, 2019
  16. Storck

    Storck Regular Starter

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    and at the time of the spending the Bury fans weren’t complaining either just like when we spent big in the PL not many fans would have been happy if Rochmond’s signing were blocked by the league
     
    #243 Storck, Nov 5, 2019
  17. Dennis

    Dennis Captain
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    In the current EFL set-up, very little could have been done differently in the end game. If an owner of a club, even one on the verge of being liquidated, doesn't want to sell, he can't be forced to sell. It's his call as to whether it makes financial sense to sell or liquidate. Personally, I think he underestimated how the EFL would respond in this particular situation. Short of implementing some kind of golden share arrangement, there is little the EFL can do at that point. And something similar could happen again to another club.

    But tightening up the rules around SCMP, the O&D test, the rules on having adequate funding in place could have avoided the situation from developing in the first place. Better to tighten up the rules and avoid the situation arising where a club is operating beyond its means by improving the governance and pinning personal responsibility on those who have made poor decisions or flouted existing EFL rules. The fans might not have wanted to stay in the bottom division and would clearly have wanted promotion. But unfortunately and not through the fans' decisions, the club's financing was unsustainable, and overspending on the playing side to secure promotion resulted in the demise of the club. That's the stage where things have to improve and not simply focus on the end game.
     
    #245 Dennis, Nov 6, 2019
  18. Storck

    Storck Regular Starter

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    wonder what they have to prove by end of March and where their home ground is going to be
     
    #247 Storck, Feb 21, 2020
  19. bantam65

    bantam65 Important Player
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    How far down the football leagues will they have to start?
     
    #253 bantam65, May 6, 2023
  20. Bronco

    Bronco Star Player
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    Sadly I believe you'll be proved correct many times in the coming season.
     
    #258 Bronco, Jul 9, 2023
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