drew
Drew
I guess the EFL just want some evidence the purchase is credible so they can give a stay of execution to allow the deal to be done.
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[Football] Poor old Bury
- Thread starter Juan Albion
- Start date
I guess the EFL just want some evidence the purchase is credible so they can give a stay of execution to allow the deal to be done.
Nottseagull
Well-known member
I didn't know that yesterday the Football League said that a 48-hour extension to tonight's deadline was possible if a buyer was found
https://www.bbc.com/sport/football/49438243
https://www.bbc.com/sport/football/49438243
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,300
how do we know the new owner is going to solve the issue? are we saying anyone will be accepted by EFL just so they can crack on with the rest of their fixtures? seems to me at this point they should be suspended rather than expelled, relegated and see if they are viable as a club for next season.
Nottseagull
Well-known member
That's actually quite a good solution, although it means no income for the club this season whereas if they are expelled from The Football League, then maybe the NPL or North West Counties League
would bend their rules to have such a big club. Can't see them doing that if they're going to be playing in League 2 next season though.
Blue Valkyrie
Not seen such Bravery!
Well at least owners called C&N Sporting Risk should know what they are doing.
They'll be wasting their time if they are. The EFL moved to Preston some time ago.
We over spent every season we were in the Championship .... the last season in particular.
incumbent isn't going to force chairman to do the right thing. It needs to be legislation rather than good intentions.
Given until 5pm on Tuesday to conclude their deal. The company buying them doesn’t look in great shape unless they’re getting a load of investment themselves. El Pres may view it differently.
Andy Holt at Accrington has apparently been helping out one of the parties that were looking at it, but not clear if it’s this lot
Andy Holt at Accrington has apparently been helping out one of the parties that were looking at it, but not clear if it’s this lot
Blue Valkyrie
Not seen such Bravery!
Not long now. What is the latest ?
Juan Albion
Chicken Sniffer 3rd Class
- Thread starter
- #191
Buyers have pulled out. Doomed.
surrey jim
Not in Surrey
Looking grim for them, deal for C&N Sporting to buy the club is off
Juan Albion
Chicken Sniffer 3rd Class
- Thread starter
- #193
“The EFL board has been informed that C&N Sporting Risk will no longer be pursuing their interest in Bury FC. The League announced at the weekend that it was working exclusively with the club and C&N in an attempt to finalise a change of control at the club. However, following a period of due diligence, C&N have opted not to progress matters.
“The League continues to be in discussions with Bury FC in advance of today’s 5pm deadline and will provide a further update as appropriate.”
“The League continues to be in discussions with Bury FC in advance of today’s 5pm deadline and will provide a further update as appropriate.”
Ernest
Stupid IDIOT
Obviously not prepared to put good money after bad
Seasider78
Well-known member
- Nov 14, 2004
- 5,937
All these years on from our plight it is also astonishing that amongst all of the ‘fit and proper’ tests, FFP, accounts being submitted etc rogue owners still have to be power to buy and destroy clubs
Juan Albion
Chicken Sniffer 3rd Class
- Thread starter
- #199
C&N, according to the numbers published over the weekend, never had anything like the money necessary to take over anything (more debt than assets).
This may be delusional but I wouldn't be surprised if a last minute buyer didn't suddenly materialise, either for Bury or Bolton. Obviously I hope so.
Otherwise, a sad day for the two towns.
This may be delusional but I wouldn't be surprised if a last minute buyer didn't suddenly materialise, either for Bury or Bolton. Obviously I hope so.
Otherwise, a sad day for the two towns.