Bury | Page 57 | Vital Football

Bury

57harry

Vital Squad Member
But you have to address debt at some point whether you are an individual or a country. At least our national debt is actually coming down as a percentage of GDP ( about 85% now down from 89% at its peak ) whereas the French keep spending money they don't have on lavish pensions and a bloated civil service they can't afford and their debt to GDP ratio will pass 100% in the next few months as a result their borrowing costs will go up further. Italy is getting even worse than that 127% so even countries stick their heads in the sand!
The debt/GDP ratio has more than doubled from 40% in 2008 to about 85 % now.In 2010 this figure was just 60%. The debt interest is approx £B 43 a year.
 

DonnyImp

Vital Squad Member
The owner now seems to say he has funds. Then why were people not payed before?. All those staff that leged it to Plymouth! There must be more to this than meets the eye!.
 

Casperimp

Vital 1st Team Regular
The debt/GDP ratio has more than doubled from 40% in 2008 to about 85 % now.In 2010 this figure was just 60%. The debt interest is approx £B 43 a year.

Agreed but the point I was trying to make is that as a nation we are addressing it and it is going down from the high point of 88.9% 3 years ago! You can build up debt (like we did during the financial crisis as did every country in the world virtually) but at some point you have to start repaying it! The French, Italians, etc aren't. Result will be a whole huge pile of misery the longer you leave it!
 

Casperimp

Vital 1st Team Regular
The owner now seems to say he has funds. Then why were people not payed before?. All those staff that leged it to Plymouth! There must be more to this than meets the eye!.
Probably finally realised he is going to have to pony up some of his own cash or he will have no asset left at all because they will have no league to play in!
 

StrangelyBrown

Vital Squad Member
The debt/GDP ratio has more than doubled from 40% in 2008 to about 85 % now.In 2010 this figure was just 60%. The debt interest is approx £B 43 a year.
Our national debt has been a mess pretty much throughout history- Atlee took it to 250% of GDP during his social revolution (1945-50) and it wasn't until the mid 70's that we got it below where it stands today.

Whilst debt can be serviced by willing investors (at a rate of return deemed worthy of the risk), deficit has to be controlled at some point or the burden of debt becomes impossible to service.

It looks like Bury have reached the point where the debt is not unmanageable and the deficit is incredulously negligent on someone's part.
 

DonnyImp

Vital Squad Member
Dear EFL
Just to let you know the real football season starts today, not that premiership crap. Glad you have finally noticed two clubs who seem to be up the proverbial creek without a device to assist them moving. I do hope you can sort this out by Xmas to give them both a lovely present, maybe another financially viable owner!?.
Yours
A Well Wisher
 

stokeimp

Vital Squad Member
Bury ain't playing this season, just hope Bolton do get sorted.
Only 3 senior pros in the Bolton squad for today, farcical.
Agree, hope they do. But assuming they do, and that they are able to strengthen their team as the season progresses, it means that their opponents in the early part of the season are going to be an unfair advantage since they will be playing against a side which is clearly not of League 1 standard and therefore (presumably) picking up points they may well not have done against a full strength side. Hardly the level playing field the league structure at least attempts to provide