Bury | Page 65 | Vital Football

Bury

Impartiality

Vital 1st Team Regular
Wasn't it the Donny Chairman who hired someone to burn their stand down and the numpty left his phone or some other identifiable means at the scene of the crime. Same guy who was involved in dodgy horse racing - Flockton Grey? or something wasn't it.
The charming Ken Richardson was the chairman, he got 4 years for it. Was he at some point connected with Lincoln?
 

berksimps

Vital 1st Team Regular
It is actually far worse than just another game postponed - various disciplinary referrals as well:

https://www.efl.com/news/2019/august/efl-statement-rotherham-united-v-bury-fc/
Brinksmanship gone mad.

How completely unfair on other clubs who have traded within their means. Either, one of those other clubs should have gone up from League 2, or Plymouth should have stayed in League1.

Time to call it a day. Very sorry for the long standing supporters but the Club owners appear to have taken little or no responsibility and have let them down woefully.

No more deadlines: need to set a precedent for what happens in the future.
 

Impala

Vital Squad Member
Over a week off for Rotherham - their game at Pompey on 24th is off due to the local festival that weekend.
As much as you hope this has a happy ending, they can't reschedule many more games surely.
 

RedImp73

Vital Reserves Team
No more deadlines: need to set a precedent for what happens in the future.
Correct. Get rid now and then at least everyone knows where they stand. I also wonder if Plymouth/Mansfield who might have stayed up or gone up have any grounds to take action against the EFL over this?

All in all it's been a complete shambles and simply highlights that the EFL isn't fit for purpose.
 

clanfordimp

Vital Squad Member
Correct. Get rid now and then at least everyone knows where they stand. I also wonder if Plymouth/Mansfield who might have stayed up or gone up have any grounds to take action against the EFL over this?

All in all it's been a complete shambles and simply highlights that the EFL isn't fit for purpose.
Plymouth weren't good enough to stay in League 1 and Mansfield weren't good enough to get promoted to League 1.
No one should benefit from the awful mess that is Bury FC..
 

domski2017

Vital Reserves Team
Dale was given such an easy ride on Radio 5 this week it was embarrassing journalism. Not helped that the Bury representatives could not articulate what has happened. The reason the debt us so low is because of the CVA. He has added nothing and now wants compensation for the abuse and turd posted through his daughters letter box. Given he is alleged to be an Asset stripper he is neither bright or very good at it!
 

Spilsby52

Vital Squad Member
Plymouth weren't good enough to stay in League 1 and Mansfield weren't good enough to get promoted to League 1.
No one should benefit from the awful mess that is Bury FC..
Yes Plymouth were not good enough to stay up and that is irrelevant. Every club in League two last year though was affected in some way by Bury having a team they couldn't afford. If Bury had been forced to sell Mayor and others in January or at the start of the season another club may have been relegated, others in playoffs etc. No one will benefit from Burys demise but plenty of clubs potentially lost out because of them last season.
 

buckielugger

Vital 1st Team Regular
And all of that is exactly why the League AGM should have been the very final deadline.
Then Bury could have been kept down in Lge2 and Mansfield up instead.
Or even Bury sent down into Conference.
And Yeovil reprieved (not Notts as they too could not have proven financial stability at the time of AGM).
 
woefully. No more deadlines: need to set a precedent for what happens in the future.
Unfortunately we live in an litigious society and that is what Dale is holding out for. Whilst I'm no fan of how the FA/EFL have conducted matters with Bury, Bolton and Notts, they do have to play this by the book to prevent any comeback from Dale.
 

SalfordImp

Vital Football Legend
And all of that is exactly why the League AGM should have been the very final deadline.
Then Bury could have been kept down in Lge2 and Mansfield up instead.
Or even Bury sent down into Conference.
And Yeovil reprieved (not Notts as they too could not have proven financial stability at the time of AGM).

Agree, a consistent level playing field for every team on and off the pitch.
 

Scotimp

Vital Football Legend
It seems strange that the winding up court and the creditors accepted the CVA proposal when there was no money on the horizon to cover it. Did all parties know that Dale had no intention of funding it himself, or was the agreement predicated on the sale of the club from the outset? At what point do the creditors tire of waiting for their money, and what impact does his own presence as a major creditor have on everything? It all looks immaterial now anyway.

It also seems strange that Dale can be so belligerent in his comments towards the EFL when he has openly admitted he has no intention of funding the club. How can he claim to have provided all the financial information the EFL has asked for when Bury have no financial wherewithal to demonstrate? Is that predicated on the sale of the club too? The EFL should never accept that if so.

The sale of the club seems highly unlikely to happen because it has to be the least financially viable professional football club in Britain. What does Dale stand to gain with a takeover, and where would he be if the club were to go under?
 
What does Dale stand to gain with a takeover, and where would he be if the club were to go under?
There is a suggestion he bought some of the debt from the previous owner at a knockdown price.

If that's true then in the event of a sale he gets paid out by the new owner.

However, you'd think under those circumstances he'd be desperate to sell.

On the other hand one of his first acts was to set up a new company called Bury FC Heritage and what assets the club had that weren't already mortgaged were transferred to that company, the shares of which are in his own name.
 

westbanker

Vital Reserves Team
There is a suggestion he bought some of the debt from the previous owner at a knockdown price.

If that's true then in the event of a sale he gets paid out by the new owner.

However, you'd think under those circumstances he'd be desperate to sell.

On the other hand one of his first acts was to set up a new company called Bury FC Heritage and what assets the club had that weren't already mortgaged were transferred to that company, the shares of which are in his own name.
As I understand it he bought the club, including the debt for £1, the CVA nets him 25% of that debt circa £1.9m. As you say he moved everything that he could to another company, so he’ll lose £1 if the club goes under but retain whatever assets he transferred. Sounds like a win win for him whatever happens.
 

NottyImp

Vital Football Legend
As I understand it he bought the club, including the debt for £1, the CVA nets him 25% of that debt circa £1.9m. As you say he moved everything that he could to another company, so he’ll lose £1 if the club goes under but retain whatever assets he transferred. Sounds like a win win for him whatever happens.
John Blunt, who helped found the Sword Bank and the South Sea company made an awful lot of money in 1720 by buying the national debt from the government and selling shares in it. Those investors who did not sell at the top of the market, sadly, did not.