Bury

Not looking good at all here -> https://www.efl.com/news/2019/august/efl-statement-bury-fc/

Potential for only one team to get relegated from League Two. Hopefully it's the current team that occupies that spot.

Wilkinson is doing well he hasn't lost a game or even dropped a point yet

As harsh as it sounds, and looking at the bigger picture, football needs to be sent a message, and Bury going pop may be the wake up call the game needs.

And I don’t even feel bad about saying that. They got promoted last season and presumably over spent heavily in order to do so.

Feel sorry for Wilko, though.

so in effect they have until the 23rd August now.......fking about with everyone elses season for a bit longer....make a deadline and fking stick to it EFL.

Quoted from moosey_club

so in effect they have until the 23rd August now.......fking about with everyone elses season for a bit longer....make a deadline and fking stick to it EFL.

And even on the 23rd they’ll refer it to VAR and stretch it out even longer  

Quoted from Civvy at last

And even on the 23rd they’ll refer it to VAR and stretch it out even longer  

VAR .....is that Value Added Relegation ?

Not saying it's ethical, but let's get looking at potential signings. Goes for Bolton too

Quoted from WOZOFGRIMSBY

Not saying it's ethical, but let's get looking at potential signings. Goes for Bolton too

Think its too late.
Best ones already gone, mostly to Plymouth

Quoted from WOZOFGRIMSBY

Not saying it's ethical, but let's get looking at potential signings. Goes for Bolton too

The football world is dog eat dog. Nobody pined for us to get back into the league, there’s always someone waiting to take your place, or players. It’s fair game regarding their players. I take it they didn’t hold on to that Mayer guy? Apologies if spelt wrong, can’t be a#sed to google.

Staff have taken over their website and released a statement saying a good offer has been received and pleading with the owner to accept.

Quoted from Brazilnut

VAR .....is that Value Added Relegation ?

Video Assisted Receivership

Quoted from jamesgtfc

Staff have taken over their website and released a statement saying a good offer has been received and pleading with the owner to accept.

Can`t imagine anyone at GTFC having the balderdash

Now Gtfc are above Scunthorpe should radio hull prioritise covering our games ahead of Scunthorpe

Quoted from IlkleyMariner

Now Gtfc are above Scunthorpe should radio hull prioritise covering our games ahead of Scunthorpe

Yeah position shouldn't matter.

We're the bigger club. Bo11ocks to the caravan dwellers

4th game v Gillngham on Saturday called off now.

Got until Aug 23rd or they will be expelled.

https://www.bbc.co.uk/sport/football/49330590

Enough is surely enough, the EFL are at danger of making themselves look complete and utter Wallys.

If Bury do get thrown out of the FL it isn't the end of the world as a phoenix like club will arise from the ashes and will generate interest like Hereford did when hey did similar.

Have lost all sympathy now, it's just making a mockery of the game. Shouldn't have been promoted last season anyway. Regulations really do need tightening up on this issue.

Absolute insanity at Bury

Their gone if he's hanging out for 3.2m nobody gonna pay that for no players minus 12 points and a backlog of 4 maybe 5 games.

I thought they had a buyer and the this extension was to allow the new buyer some time?

Throw them out, enough is enough.

Another game (their 5th) now suspended by the EFL. Looks like time is fast running out for them.

https://www.bbc.co.uk/sport/football/49356357

With their owner clinging on for £3.6m it's looking increasingly likely that the only way forward will be as a phoenix club rising from the ashes.

Bury are buried !!! ASAP  - total EFL  mess up !!

https://twitter.com/talkSPORT/status/1162330968604237824

Saga rolls on, absolute joke...

bloody hell..

I listened to that on my way home. Absolute car crash radio. Felt for both the player and Dale tbh. Both claiming the other isn't telling the truth. Someone's lying!

Quoted from mariner chopper

https://twitter.com/talkSPORT/status/1162330968604237824

Saga rolls on, absolute joke...

And doesn't that stirring little excrement Jim White love it! As if he gives a toss about Bury FC he just likes the drama, I recall him getting the Belgian chap who is the Charlton owner on a couple of times and leading him to the slaughter too

Quoted from Ipswin

And doesn't that stirring little excrement Jim White love it! As if he gives a toss about Bury FC he just likes the drama, I recall him getting the Belgian chap who is the Charlton owner on a couple of times and leading him to the slaughter too

Jim White is a sycophant, I cannot stand his brown nose approach to most guests, it’s usually embarrassing. Simon Jordan is superb on that show, even if he has swallowed a dictionary, and Bob Mills is decent too as he always gives the lower leagues some air time, but that Jim White is unlistenable.

Put that aside, this Dale character sounds like a complete conman.

Feel for the Bury fans.  If the club gets expelled they are going to have to begin again right at the bottom of the pyramid.

After the high of promotion last year, it must be sickening to be going through this.

What is in it for this bloke who owns Bury?? Is he a fan?? What is actually in it for him?? All I keep hearing him saying is "I've saved a football club"

Quoted from Mariner Timsky

What is in it for this bloke who owns Bury?? Is he a fan?? What is actually in it for him?? All I keep hearing him saying is "I've saved a football club"

He also said they won’t go out of business, but that is very different from the club staying in the league.

I thought the PFA was acting as a sort of guarantor for the players’ wages? The accusation from Dawson seems a bit disingenuous to me. Dale may be a pi11ock but it does not make him a crook and it seemed as though the name of the game from the first minute for all the people on there was “get Dale”.

Quoted from TheRonRaffertyFanClub

. Dale may be a pi11ock but it does not make him a crook and it seemed as though the name of the game from the first minute for all the people on there was “get Dale”.

That's the way Jim White works

Quoted from TheRonRaffertyFanClub

I thought the PFA was acting as a sort of guarantor for the players’ wages? The accusation from Dawson seems a bit disingenuous to me. Dale may be a pi11ock but it does not make him a crook and it seemed as though the name of the game from the first minute for all the people on there was “get Dale”.

But do you think Dawson is lying? Either way, for Dale, who presumably has money, to say “the PFA have paid the players “ seems to be majorly ducking his own responsibilities, and like Dawson said, anything they do get from the PFA is a loan. I think he also said it’s only 50% of their wages too (apologies if I have this wrong).

Anyway, it’s a right mess.

Monthly agreement on wages:
50% Steve Dale
50% PFA
= 100% wages

Dale states he has paid his monthly 50% since the CBA. Which is his share. Maybe not as SD says.

He has a seperate agreement to pay back the PFA at a later date.

Quoted from Meza

Monthly agreement on wages:
50% Steve Dale
50% PFA
= 100% wages

Dale states he has paid his monthly 50% since the CBA. Which is his share. Maybe not as SD says.

He has a seperate agreement to pay back the PFA at a later date.

If this is true, there is some irresponsible journalism here and Sky and white should be called to account.
There is far too much press power all round and incorrect or biased reporting is not acceptable
A combination of press power and Premiership dominance is ruining football for the true fan.

Whilst Clee and Gy Borough are in competition with the Mariners, they do at least still have a pure approach to sport.

Quoted from Meza

Monthly agreement on wages:
50% Steve Dale
50% PFA
= 100% wages

Dale states he has paid his monthly 50% since the CBA. Which is his share. Maybe not as SD says.

He has a seperate agreement to pay back the PFA at a later date.

The 50% from the PFA is only a loan and the player has to pay it back.

Kicked out the EFL Cup now and had their 6th game suspended by the league.

Owner Steve Dale has also alegedly turned down another offer to buy the club.

Time is fast running out for them unfortunately.

https://www.bbc.co.uk/sport/football/49410172

Debbie Jevons has just said on Sky that in the event of Bury going under only one team will be relegated from league two this year

Deal close to be being agreed. Hold fire on us only Needing to finish second worst.

Quoted from psgmariner

Deal close to be being agreed. Hold fire on us only Needing to finish second worst.

So yet again football will learn nothing. Clubs will continue to spend wildly, and fans will always assume there’s a knight in shining armour ready to save their club.

Quoted from Heisenberg

So yet again football will learn nothing. Clubs will continue to spend wildly, and fans will always assume there’s a knight in shining armour ready to save their club.

Agree.

That’s why I am thankful we owe money to Fenty rather than ripping off creditors by going in to admin or worse.

Can you remember when Scunny's assistant manager (Chris Lucketti) was appointed manager at Bury & he was sacked exactly 8 weeks later?

Well he's still owed £91,132.36 by Bury.

Chris Brass was appointed a year before Lucketti and he last exactly 13 weeks.

He's still owed £90.930.28.

Steven Dale who bought Bury FC for £1 in February is listed as being owed £3.68 million on the CVA agreement. The CVA was agreed at repayment of 25p for every £1 owed. So, Steven Dale would have been entitled to £920,000.

I wonder how much of his own money above the £1 purchase cost he's actually put in?

Quoted from GollyGTFC

Can you remember when Scunny's assistant manager (Chris Lucketti) was appointed manager at Bury & he was sacked exactly 8 weeks later?

Well he's still owed £91,132.36 by Bury.

Chris Brass was appointed a year before Lucketti and he last exactly 13 weeks.

He's still owed £90.930.28.

Enough’s enough now, they need chucking out. A deadline is a deadline in my eyes, it doesn’t seem right that they could get an extension. Dale is now asking for fans to pledge money, just a few hours before the deadline, it’s preposterous!

Quoted from GollyGTFC

Steven Dale who bought Bury FC for £1 in February is listed as being owed £3.68 million on the CVA agreement. The CVA was agreed at repayment of 25p for every £1 owed. So, Steven Dale would have been entitled to £920,000.

I wonder how much of his own money above the £1 purchase cost he's actually put in?

He'll have taken more out than he's put in. The Bury fans view him as the classic asset stripper, and he's set up two different companies to hold various assets "To protect them from asset stripping" Of course....One of said companies is to look after the clubs memorabilia, and given they won the FA Cup twice in three years during Victorian times, if there's shirts / medals in that lot they'll be worth a lot of money, ditto and silverware from days of yore.

It will end in tears, and I think it has to. As long as they're in hock to the one man (now where have I heard that before?) they'll always be in debt. Get thrown out of the league and come back again, as I've said before. It's really the only way to make any kind of go of things, a la Hereford.

Their biggest listed creditor is RCR Holdings. They are owed £7,111,480.65. RCR Holdings were registered with Companies House on 16th July 2019- 2 days before the Bury FC CVA meeting was reconvened & concluded following an earlier adjournment.

This debt along with the £3.68m than Steven Dale is claiming originate from money that the previous owner (Stewart Day) loaned the club from another of his businesses. That business was liquidated and the administrator sold the BUry FC debt to RCR Holding for a value of 1/100 of the debt. So RCR Holding paid £71,114.81 for the debt.

Who are RCR Holding? Good question. They only have 1 director- Kris Richards and the registered office of the company is 113 Robinson Street, Oldham which is a rather grotty end terrace property in an undesirable part of town.

Technically, as the CVA was agreed, RCR Holding are going to be repaid £1,777,870.16 for a debt they acquired for just over £70,000.

Late this afternoon the  EFL are now saying that they are having talks with a buyer. BUT qualify this with 3 big obstacles:  chaotic balance sheet, Dale’s demands (presumably very unrealistic) and the lack of time to achieve anything.

Looks like a NO then?

GollyGTFC, I understand there are companies that buy up blocks of dept at the equivalent of a penny for a pound, so a £100 pound dept costs £1, they then hope to get this d pt paid his making a tidy return.

They’ll get a reprieve because the EFL haven’t got the stones to chuck anyone out.

Nobody wants Dale to find a buyer more than them as it would require them to actually do something other than arrange fixtures and organise the annual Portugal urine-Up.

Not being mean but how many chances did Rushden and Diamonds and Darlington get before they were shut down. Bury seem to have had reprieve after reprieve.

Quoted from Stew0_0

Not being mean but how many chances did Rushden and Diamonds and Darlington get before they were shut down. Bury seem to have had reprieve after reprieve.

A Non-League club goes out of business and it's not important even if they were very recently in the EFL. An EFL club goes under and it's a disgrace and it's all the EFL's fault & it's not fair on the fans blah blah blah.

Quoted from Gaffer58

GollyGTFC, I understand there are companies that buy up blocks of dept at the equivalent of a penny for a pound, so a £100 pound dept costs £1, they then hope to get this d pt paid his making a tidy return.

The issue is that this company was purely set up to acquire the debt and then had control of the CVA process through their share of the total debt. They are able to make a tidy profit whilst HMRC have had a settlement imposed on them that sees the public purse lose out to the tune of £830,000.

So am I right in thinking Dale bought the club for £1, put very little oh his own money into the club but now will be paid between £900k and £3m once it is sold?

Quoted from Mighty_Mariner

So am I right in thinking Dale bought the club for £1, put very little oh his own money into the club but now will be paid between £900k and £3m once it is sold?

He'll receive whatever he gets for the club itself (he was demanding £800,000 until recently) & £920,000 as the CVA is serviced at a minimum.

Quoted from Mighty_Mariner

So am I right in thinking Dale bought the club for £1, put very little oh his own money into the club but now will be paid between £900k and £3m once it is sold?

Presumably some bury fan chose to sell the club to Mr Dale and now does not want to accept responsibility for his actions.

Also presumably the EFL were consulted on the fit and proper person test for Mr Dale so they are implicated.

At the end of the day the fans suffer and the power brokers move on to their next dirty trick.
We will probably never find out the truth, but the fact remains that Bury gained promotion by paying unsustainable wages and should be let go.

I think the EFL have done all that they reasonably could. I keep reading on twitter that the EFL "should give an extension". No. Bury were served with their 14 day notice period 4 weeks ago. They already had an extension when it was suspended for 14 days. At some point you have to say "enough is enough" and expel them.

The punishment for insolvency events needs tightening up. Automatic demotion.

Loans from companies owned by club owners should be banned also. Bury FC owe around £11m to one of the previous owners companies.

I saw recently that last season, against the rules of gate income to wages, Bury were paying about two and a half times the wages the average division 2 side were.

Quoted from Mallyner

I saw recently that last season, against the rules of gate income to wages, Bury were paying about two and a half times the wages the average division 2 side were.

Exactly
That’s why they have gone bust

Possible resolution.

https://twitter.com/JWTelegraph/status/1164991449148076032?s=20

All depressingly predictable.

Their completely fecked anyways how the hell they gonna get through to the next transfer window with like three players and a six game backlog?

Sounds like this consortium want another extension to determine viability rather than a straight buy out and all is rosey again

Quoted from GollyGTFC

I think the EFL have done all that they reasonably could. I keep reading on twitter that the EFL "should give an extension". No. Bury were served with their 14 day notice period 4 weeks ago. They already had an extension when it was suspended for 14 days. At some point you have to say "enough is enough" and expel them.

The punishment for insolvency events needs tightening up. Automatic demotion.

Loans from companies owned by club owners should be banned also. Bury FC owe around £11m to one of the previous owners companies.

I seem to recall that the Glaziers borrowed the money to buy Manure !

Quoted from Stew0_0

Not being mean but how many chances did Rushden and Diamonds and Darlington get before they were shut down. Bury seem to have had reprieve after reprieve.

It's groundhog day when Portsmouth had loads of debt got relegated with players on 60k a week and everyone was lenient with them.  Nothing has changed since then.  I hate clubs that get away with things when other clubs are working within the rules.  Yes the fans suffer but they will get the club back Darlo have.... Halifax have  its time to expell them.

Let’s be honest, if Bury has been relegated to the National League last season and were now Non-League then nobody (fans or media) would give a shite.

Quoted from Meza

It's groundhog day when Portsmouth had loads of debt got relegated with players on 60k a week and everyone was lenient with them.  Nothing has changed since then. I hate clubs that get away with things when other clubs are working within the rules.[b][/b]  Yes the fans suffer but they will get the club back Darlo have.... Halifax have  its time to expell them.

Yes you can feel sorry for the fans, but the its no different from ball tampering in cricket, its against the rules (laws). If the club is sold to a viable owner/consortium the club can continue but they should be sent to the bottom of the pile - four or five leagues down the pyramid...

Quoted from Meza

It's groundhog day when Portsmouth had loads of debt got relegated with players on 60k a week and everyone was lenient with them.  

Not forgetting the particular irony that they'd previously screwed us out of a £100k payment when we were relegated from the Championship

Quoted from Limerick Mariner

Yes you can feel sorry for the fans,

I don't in the least. I doubt they were complaining whe they were cheating their way to promotion. I feel more sympathy for, say, the Mansfield fans.

Quoted from KingstonMariner

I don't in the least. I doubt they were complaining whe they were cheating their way to promotion. I feel more sympathy for, say, the Mansfield fans.

I think that’s asking a lot of the average fan to understand and appreciate the economics of a football club (or any conventional business for that matter). Equally, we’re never really privy to the financial details until accounts are released some considerable time after the events.

I speak entirely hypothetically here, but if we win promotion this season and then it transpires that we spent 200% of turnover on wages, is that the fault of the fans? Supporters are generally happy when all is good on the pitch, and unhappy when it’s not.

Bury fans are no different to us in that respect, and in that sense I feel for them. Could it be us? If football continues in its general direction then it probably will be, sooner rather than later.

Be careful what you wish for.

Quoted from Poojah

I think that’s asking a lot of the average fan to understand and appreciate the economics of a football club (or any conventional business for that matter). Equally, we’re never really privy to the financial details until accounts are released some considerable time after the events.

I speak entirely hypothetically here, but if we win promotion this season and then it transpires that we spent 200% of turnover on wages, is that the fault of the fans? Supporters are generally happy when all is good on the pitch, and unhappy when it’s not.

Bury fans are no different to us in that respect, and in that sense I feel for them. Could it be us? If football continues in its general direction then it probably will be, sooner rather than later.

Be careful what you wish for.

I think you’re underestimating people. Not everyone is an ostrich like consumer. If you start signing players a cut above what you’re used to you have an inclination about something. People have access to all sorts of information these days and it only takes a few to find company accounts even if it is a year after the event. And in Bury’s case this has been going on for years.

Takeover off. Bury facing expulsion in less than an hour.

3 more potential buyers in the mix now !!

not being horrible but could these be potential time wasters to delay the verdict?  

Quoted from Meza

not being horrible but could these be potential time wasters to delay the verdict?  

Especially considering the group who were apparently close to a takeover took one look in detail at Bury's finances and said thanks but no thanks. Makes you wonder what these other potential buyers see in taking on a small club with massive debts...

Quoted from Meza

not being horrible but could these be potential time wasters to delay the verdict?  

Bloody tyre kickers🤣👍

Bury expelled from the league!

Feel for the fans

Sad times. For Bury and for football outside the bubble of the Premier League.

We're all in this together.  All of the clubs outside of the elite are 1-2 bad seasons and 1-2 bad decisions away from this fate.  

It could be Grimsby in the not-too-distant past/future.....

Support your local side. Was drilled into me by my dad. We all need to realise the value of our teams and what it means and says about our tiwns and cities. I fear there will be others.

Not read any of the posts, but doesn't look good for the ground itself either as £3.7m in loans, secured on Gigg Lane.  Probally be sold off by the liquidators to some property developers.  

At least if it was rented off the council, a pheonix club would have perhaps been able to secure the ground to play on.  Sad times.

Quoted from Poojah

Sad times. For Bury and for football outside the bubble of the Premier League.

Really? We'll ignore the fact that Bury cheated last season.

Darlington, Scarborough, Halifax, Chester and Rubbish & Dustbins have all gone out of business and been expelled from their division after dropping out of the league. No body cared. But because Bury were still in the EFL it's some sort of disaster and tragedy. It's not. They cheated. If they continued in L1 it would have set a much more dangerous precedent than them being expelled.

I can a number of other clubs being expelled in the next few years.  We need to keep our house in order.

At least John does that, whatever else we think about the running of things.

Interestingly, only one team will be relegated from League 2 this season as a knock/on effect .

So that might have just saved Scunny!!

Quoted from GollyGTFC

Really? We'll ignore the fact that Bury cheated last season.

Darlington, Scarborough, Halifax, Chester and Rubbish & Dustbins have all gone out of business and been expelled from their division after dropping out of the league. No body cared. But because Bury were still in the EFL it's some sort of disaster and tragedy. It's not. They cheated. If they continued in L1 it would have set a much more dangerous precedent than them being expelled.

Spot on.

Best start looking at what players they have available, we need a new midfielder and possibly defender.
Might sound harsh to look at what players they got but its dog eat dog

Quoted from monkeyboy

Best start looking at what players they have available, we need a new midfielder and possibly defender.
Might sound harsh to look at what players they got but its dog eat dog

Too late all the good players got signed up ages ago

Quoted from GollyGTFC

Really? We'll ignore the fact that Bury cheated last season.

Darlington, Scarborough, Halifax, Chester and Rubbish & Dustbins have all gone out of business and been expelled from their division after dropping out of the league. No body cared. But because Bury were still in the EFL it's some sort of disaster and tragedy. It's not. They cheated. If they continued in L1 it would have set a much more dangerous precedent than them being expelled.

Feel for their fans, but this ⬆️

Do I feel for Bury as a club? No.
Do I feel for the fans? 100% yes.
It's a sensitive subject and by the sounds of it, it isn't going to be that easy just to create a phoenix club.

Supporters are the lifeblood of any club. They basically are the club and they are all still here so Bury will live on.

Arguably we or Fenty went the right way about keeping our house in order albeit it cost us our league status for six long seasons but hopefully our bills get paid. It would have been easy to overstretch our finances living outside our means but having an accountant on board (like him or not) has helped to keep finances in check.

Yep, I'm back (could not stay away) with exciting times ahead I hope, best forward line I have seen in a long,long time.

Hanson is the real deal and the best I have seen here for years, he wins everything in the air and is no dummy on the floor loads of awareness lay offs and flick ons.

Both Mosses and the excellent Green have more space and time such is Hansons imense presence, they are all big strong and have pace the young flyers like Akheem,Clifton and very impressive Max Wright are loving the inspiration.

Young Max Wrights reaction after he cut that ball back for Hanson to slot home as typical of the fantastic spirit in the side they all look up to Hanson even on the bench. They know he is a bit special.

Finally Mosses what a superb athelete he already as become a favorite so unpredictable you get that feeling evertime he gets the ball something is going to happen.

His celebration is worth the entrance fee alone lol.

lol I have not even mentioned the superb Hess, Waterfall, Whitlock, The viking and  Pollock and co all look sound and play.

M.J. and his management team have added to the squad superbly.

We will be a handful for anyone in this division.

Trying not to get to carried away as it is so early but as a long suffering town fan you get the feelng this is different a bit special.

                                                                                                                      UTM.