Juan Albion
Chicken Sniffer 3rd Class
- Thread starter
- #201
A last minute buyer for Bury only has 50 minutes to do their due diligence. The league won't give them another extension, there have just been too many postponements already.
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[Football] Poor old Bury
- Thread starter Juan Albion
- Start date
A last minute buyer for Bury only has 50 minutes to do their due diligence. The league won't give them another extension, there have just been too many postponements already.
ukpolska
Well-known member
Less than 45 minutes
Poyningsgull
Well-known member
- Apr 12, 2007
- 1,637
Premier League fiddling whilst Rome burns methinks.
Silverhatch
Well-known member
When Bury & Bolton go, it’ll open the floodgates. Accrington chairman reckons there are 8 clubs in dire straits.
Colin Murray said on Fighting Talk the next team up is already to go, for legal reasons he couldn't name them.
BUTTERBALL
East Stand Brighton Boyz
Feel for their supporters, terrible news.
Easy 10
Brain dead MUG SHEEP
What do you suggest the Premier League does about it ?
Postman Pat
Well-known member
Haven't Macclesfield already had issues with unpaid wages etc.. leading to Sol Campbell's resignation?
Some on R5 said the EFL allowed the present owner to take over Bury without the due diligence eing undertaken. If that is true.....but this is just stuff someone said....
Hillian1
( . ) ( . )
Don't worry, SSN have a countdown clock running so we can all do the 10. 9, 8, 7 thing like it's New Years Eve.
Juan Albion
Chicken Sniffer 3rd Class
- Thread starter
- #214
I believe he passed the initial tests but the EFL failed to follow up and do the second part - to make him prove he actually had the money to run the team. Shameful.
Also check out how the millions in debt was sold to the owner's daughter's partner for £70,000. Definitely something fishy going on.
Easy 10
Brain dead MUG SHEEP
Yes this Steve Dale character sounds like a chancer and a right piece of shit. Apparently 43 of the 51 companies he has been associated with have been liquidated, so he should never have been allowed to acquire the club.
The problem the EFL had though is that at the time he bought the club for £1 in December, he was apparently the only deal in town willing to take on Bury and with it circa £9m worth of debt. If the EFL had blocked his takeover back then, they'd likely have gone bust halfway through the season.
As it turns out, all they've done is delayed the inevitable. The seeds of this disaster were sown by the previous owner, when he overstretched in a failed bid to get Bury up to the Championship. He's ruined the club, and it looks like Dale is prepared to let the club die. What he stands to gain from that I guess time will tell.
bomber130
bomber130
- Jun 10, 2011
- 1,908
Given a lot of lower league clubs are in a financial crisis is it not now time to perhaps reduce from 92 teams within our leagues to a smaller number. Do any other leagues in the world have 92 teams through out their divisions (can’t be bothered to research this if I’m honestly).This is only a question not my view.
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Sent from my iPhone using Tapatalk Pro
Cian
Well-known member
Ghouls. Even getting away from Murdoch didn't change them!
It seems all very lazy to just blame the Premier League for hoovering up all the money.
There's so much incompetence, bad management, dubious motives and questionable finance going on, to say it's the Premier League's fault.
I imagine the land that the ground's on is worth a bit (even in Bury). Although the council could refuse planning permission for change of use - not sure how legally watertight that would be.
Ernest
Stupid IDIOT
If the PL gives out money it just encourages owners to spend even more, until clubs don't spend more than they can afford this carries on and clubs like Bury and Bolton have to reset and start again like teams like Accrington, Luton, Newport and others have done