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Most liked posts in thread: Bury FC

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  1. Interested Bystander

    Interested Bystander Important Player
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    Probably because they've tried talking to Dale, who is still holding out for a pot of cash, so they've gone direct to the EFL with proof of funds.
     
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    #145 Interested Bystander, Aug 27, 2019
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  2. Storck

    Storck Regular Starter

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    Doesn’t matter what efl say if Dale doesn’t agree
     
    #147 Storck, Aug 27, 2019
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  3. Idlebantam

    Idlebantam Squad Player
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    3 late bids to save Bury. Hope they are saved
     
    #154 Idlebantam, Aug 27, 2019
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  4. Keefly Bantam

    Keefly Bantam Important Player
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    The current owner blames everyone else for the problems they are in but he bought the club (and its debts) and clearly didn't do any due proper diligence and even recently admitted he didn't even know where Bury was or that it had a football team.

    How the hell did the EFL let him buy the club?
     
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    #155 Keefly Bantam, Aug 27, 2019
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  5. Hulmebantam

    Hulmebantam Squad Player
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    Really sad news about Bury FC. Unfortunately they've just been run into the ground over the last few years.

    There are a lot of lessons to be learned for lower league football teams from this.
     
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    #173 Hulmebantam, Aug 28, 2019
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  6. Aleman

    Aleman Fringe Player

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    The root problem of all this is funding arrangements from TV money. Businessmen good and bad take business risks if the risk/reward profile is acceptable. Different investors have different risk/reward profiles but there are many out there so there is lengthy queue of investors prepared to take big risks if the reward is high enough. The reward to get into the Premier League is huge so investors are prepared to risk £5m, £10m, 20m to get a chance of promotion from the Championship. More recently we find that the extra £5m TV money plus other revenue increases is causing League 1 clubs to gamble £1m, £2m, £3m+ to get into the Championship. The EFL can clamp down a bit on director approvals but investors will still take risks to get rewards. It is the gaps between Championship and PFL revenues that is causing the risk-taking and also that between League 1 and Championship. Clubs struggle with the downside when the gamble fails and will continue to. Too many clubs are gambling but investors alwsy take risks with money to get a profit. That is their living. That is normal. It's the very uneven distribution of TV money that causes them to take the big risks and they won't stop while it remains. So, EFL,Premier League, FA, Sky, BBC, BT, PFA, Minister for Sport, what are you doing to try even out the distribution of TV money that is causing, and will continue to cause, all these problems? Fans need to organise to press home to these organisations that the uneven distribution of money to big greedy clubs is destabilising and unacceptable.
     
    #184 Aleman, Aug 28, 2019
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  7. Storck

    Storck Regular Starter

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    #186 Storck, Aug 28, 2019
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  8. Park bantam

    Park bantam Regular Starter
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    The only good thing to come out of this is the legislative action that is going to follow. So that clubs can’t overspend to gain an unfair advantage on well run clubs. I am gutted for the Bury fans
     
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    #200 Park bantam, Aug 28, 2019
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  9. Storck

    Storck Regular Starter

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    Hope you are not holding your breath for that to happen. By next week it will be old news and fallen off The couple of MPs radar that it is currently on.
     
    #201 Storck, Aug 28, 2019
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  10. Storck

    Storck Regular Starter

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    #208 Storck, Aug 29, 2019
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  11. Stafford Bantam

    Stafford Bantam Captain
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    Two reasons why the EFL may reinstate Bury:
    1. The offer, from SJ Global, came in before the deadline and;
    2. It appears the EFL may have contravened its own regulation 5.3 in expelling Bury, in that "no member may be expelled without the sanction of a special resolution passed at an Annual or Extraordinary General Meeting of The League".
    Ooops.
     
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    #211 Stafford Bantam, Aug 29, 2019
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  12. Stafford Bantam

    Stafford Bantam Captain
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    I agree. The EFL could probably come up with reasonable arguments to discount the late bid, on the basis that the extension was given purely to allow the earlier bid to get over the line. However, such a move would fly in the face of the EFL's comments about trying everything they could to keep Bury in the EFL.
     
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    #213 Stafford Bantam, Aug 29, 2019
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  13. Stafford Bantam

    Stafford Bantam Captain
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    I agree, it should not have been allowed to go on this long; the EFL has to take a long, hard look at itself.

    A failure to fulfil the first fixture of the season should have triggered an Extraordinary General Meeting of the EFL Clubs. By the time the meeting took place, no doubt further fixtures would have been either played and postponed and the Clubs themselves could have voted on whether or not to expel Bury. Same with Bolton.

    Of course, if the EFL had robust systems in place, none of this mess would have been necessary. Bury (and Bolton) have to accept their share of responsibility for the position they are in and should be duly punished. However, I would argue that the single common denominator in these two Clubs' problems, along with those at Blackpool, Coventry, Charlton etc. etc. is a very weak EFL.
     
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    #215 Stafford Bantam, Aug 29, 2019
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  14. Edin Nowhere

    Edin Nowhere Impact Sub
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    Based on StaffordBantams post,

    It appears the EFL may have contravened its own regulation 5.3 in expelling Bury, in that "no member may be expelled without the sanction of a special resolution passed at an Annual or Extraordinary General Meeting of The League".

    Imagine if the legal challenge won, surely a vote of no confidence in the board would follow who have pushed it through "against" their own rules.
     
    #220 Edin Nowhere, Aug 29, 2019
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  15. Storck

    Storck Regular Starter

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    Yep because that is the debt that Bury have to them. That bit is the correct process but not notifying that they are connected to Dale is very naughty, even more so if Dale gave him the cash
     
    #226 Storck, Aug 29, 2019
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  16. Stafford Bantam

    Stafford Bantam Captain
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    It was that £7.1 million 'debt' that got the CVA through for Dale.
     
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    #227 Stafford Bantam, Aug 29, 2019
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  17. Stafford Bantam

    Stafford Bantam Captain
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    I think the MPs are saying the EFL/FA should have had regulations in place that prevented Bury getting into the position they did, rather than suggesting the club, under Steve Dale, should have been allowed to stay in the League.
     
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    #233 Stafford Bantam, Nov 5, 2019
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  18. SimonW

    SimonW Administrator
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    What good is failing them though? That wouldn't have helped Bury because once the purchase has gone through they can't force an owner to sell the club. There is a reason why Bury's owner was willing to let the club goto the wall rather than take offers he felt were below value and that's because the club going to the wall was better financially.

    Chelsea's ban is for signing minors not for any breach in spending though.

    And it's almost impossible for things to be done to control it. Firstly it's like the transfer window change, if everyone does it then it's great but if other countries aren't suddenly there is a massive disadvantage to being stricter on these things. It needs to be a world football thing but getting clubs in the Premier League to agree on FFP regulations and punishments is hard enough, let alone all leagues in every country

    And second you have clubs who will cheat their way around it. Take Man City for example who got around FFP regulations via various sneaky actions including
    • Farmed almost all non-playing staff out to a 3rd party company belonging to the owners who lease it back
    • The owners paid a 3rd party to buy the image rights at an inflated amount allowing them to put money into the club that they aren't allowed to do directly
    • Signed sponsor deals at inflated amounts with companies owned by the owners or the owners family.
    How do you combat clubs being sneaky? And clubs with rich owners for their level will like city do argue that its unfair not letting their owners pick up the bill even though it leaves them on a cliff edge where they couldn't survive without the owner while pushing everyone to spend more than they should to keep up. Doing things like giving them fines or kicking them out of competitions doesn't help as it makes them more reliant on owner bail uts


    That's, why I've said in the past fans, have to take some responsibility. You can be an owner and go in with the intention to run the club right BUT fans don't like clubs being run right as in their eyes that means underinvestment. An owner ends up in that between a rock and a hard place, they spend within means and have the fans on their back or they spend beyond their means and put the club at risk and potentially end up like Bury. It's easy when you love football and the club to get blinkered by the desire for results but across the board fans maybe need to take a bigger picture view and realise having a club is better than winning the league but the club being dead next season. It's a situation people only really bother about when their club gets to the point of going to the wall
     
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    #244 SimonW, Nov 5, 2019
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  19. Bronco

    Bronco Star Player
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    First step on the ladder, well done to them.
     
    #252 Bronco, May 6, 2023
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  20. Bronco

    Bronco Star Player
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    The police presence was way over the top yesterday IMO, is that financed by the council or the club.
     
    #256 Bronco, Jul 9, 2023
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Page 6 of 13
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