Please log in or register. Registered visitors get fewer ads.
Forum index | Previous Thread | Next thread
David Conn on the latest at Bury 21:53 - Aug 27 with 3433 viewsSteve_M

And, given the financial arrangements detailed here, it's hard to see any of the desperate late attempts at a takeover succeeding:

https://www.theguardian.com/football/2019/aug/27/bury-historic-club-football-lea

A moral failure of two owners and a failure of governance by the EFL.

Poll: When are the squad numbers out?
Blog: Cycle of Hurt

2
David Conn on the latest at Bury on 21:57 - Aug 27 with 3369 viewspointofblue

This is a huge issue.

"Although there is widespread sympathy for Bury supporters and deep sentiment for the football heritage, among other clubs and many fans there is also exasperation at the promotion from League Two won last season with an excellent team the club could not afford to pay. Hence the support from clubs for the firm line maintained by the EFL board."

Mansfield, who finished fourth, must feel particularly miffed.

Poll: Who would you play at right centre back on Saturday?

2
David Conn on the latest at Bury on 22:03 - Aug 27 with 3304 viewsNthsuffolkblue

Were the EFL really so desperate to avoid them going bust before that they allowed Dale to take over without any fit and proper persons test?

As poor as the running of some of these clubs has been, so is the running of the EFL.

Poll: Is Jeremy Clarkson misogynistic, racist or plain nasty?
Blog: [Blog] Ghostbusters

1
David Conn on the latest at Bury on 22:09 - Aug 27 with 3254 viewsGuthrum

Just finished reading that and posted it on your other thread!

Good Lord! Whatever is it?
Poll: McCarthy: A More Nuanced Poll
Blog: [Blog] For Those Panicking About the Lack of Transfer Activity

1
David Conn on the latest at Bury on 22:15 - Aug 27 with 3218 viewsTrequartista

Although it is terrible, will they not just pitch up again as Bury United in the Northern Premier playing at the same ground, and to all intents and purposes the same club like Chester City. I don't think Rangers even bothered to pretend they were anyone different when they were liquidated and then re-invented.
[Post edited 27 Aug 2019 22:16]

Poll: Who do you blame for our failure to progress?

0
David Conn on the latest at Bury on 22:21 - Aug 27 with 3147 viewsSuperblue95

David Conn on the latest at Bury on 22:15 - Aug 27 by Trequartista

Although it is terrible, will they not just pitch up again as Bury United in the Northern Premier playing at the same ground, and to all intents and purposes the same club like Chester City. I don't think Rangers even bothered to pretend they were anyone different when they were liquidated and then re-invented.
[Post edited 27 Aug 2019 22:16]


AFC Bury - National League champions 2028/29

My hobbies include being quiet during trips, clapping with songs, and diabetes.
Poll: Englands player of the tournament

0
David Conn on the latest at Bury on 22:22 - Aug 27 with 3152 viewsHipsterectomy

How do these clubs create a Phoenix club then start 3 or 4 leagues below the conference? Aren’t there tons of lower leagues? Shouldn’t they start at Sunday league level?
[Post edited 27 Aug 2019 22:23]

Walter Smith's Barmy Army

0
David Conn on the latest at Bury on 22:23 - Aug 27 with 3134 viewsGuthrum

David Conn on the latest at Bury on 22:15 - Aug 27 by Trequartista

Although it is terrible, will they not just pitch up again as Bury United in the Northern Premier playing at the same ground, and to all intents and purposes the same club like Chester City. I don't think Rangers even bothered to pretend they were anyone different when they were liquidated and then re-invented.
[Post edited 27 Aug 2019 22:16]


Very likely, but any successor club will not have any entitlement to its deceased forbear's historical achievements (e.g. FA Cup wins).

Rangers might pretend otherwise, but everyone knows.

Good Lord! Whatever is it?
Poll: McCarthy: A More Nuanced Poll
Blog: [Blog] For Those Panicking About the Lack of Transfer Activity

1
David Conn on the latest at Bury on 22:24 - Aug 27 with 3119 viewsSwansea_Blue

David Conn on the latest at Bury on 22:15 - Aug 27 by Trequartista

Although it is terrible, will they not just pitch up again as Bury United in the Northern Premier playing at the same ground, and to all intents and purposes the same club like Chester City. I don't think Rangers even bothered to pretend they were anyone different when they were liquidated and then re-invented.
[Post edited 27 Aug 2019 22:16]


I hope so. Gigg Lane is a cracking little historic ground. It’d be a shame to see flats or houses built on it.

Poll: Do you think Pert is key to all of this?

0
Login to get fewer ads

David Conn on the latest at Bury on 22:25 - Aug 27 with 3123 viewsBent_double

David Conn on the latest at Bury on 22:15 - Aug 27 by Trequartista

Although it is terrible, will they not just pitch up again as Bury United in the Northern Premier playing at the same ground, and to all intents and purposes the same club like Chester City. I don't think Rangers even bothered to pretend they were anyone different when they were liquidated and then re-invented.
[Post edited 27 Aug 2019 22:16]


Depends whether the people/companies who hold the mortgage on the ground, if they want their money back they'll probably sell it for housing if they can.

Poll: So what do we think will happen with MM and the Aston Villa job?

0
David Conn on the latest at Bury on 22:26 - Aug 27 with 3105 viewsdavblue

David Conn on the latest at Bury on 21:57 - Aug 27 by pointofblue

This is a huge issue.

"Although there is widespread sympathy for Bury supporters and deep sentiment for the football heritage, among other clubs and many fans there is also exasperation at the promotion from League Two won last season with an excellent team the club could not afford to pay. Hence the support from clubs for the firm line maintained by the EFL board."

Mansfield, who finished fourth, must feel particularly miffed.


Financial results should be provided before the last game of the season, if a club fails them and are in a promotion/ play off place they should be excluded and relegated.

Not sure how feasible that would be but the outline from the start of the season would be made clear.

The championship will have some instances like this, with the amount of money being thrown around there.
0
David Conn on the latest at Bury on 22:26 - Aug 27 with 3109 viewsGuthrum

David Conn on the latest at Bury on 22:22 - Aug 27 by Hipsterectomy

How do these clubs create a Phoenix club then start 3 or 4 leagues below the conference? Aren’t there tons of lower leagues? Shouldn’t they start at Sunday league level?
[Post edited 27 Aug 2019 22:23]


It's up to whatever league (or division thereof) is prepared to take them. Obviously, they are going to pick the highest on offer.

Good Lord! Whatever is it?
Poll: McCarthy: A More Nuanced Poll
Blog: [Blog] For Those Panicking About the Lack of Transfer Activity

1
David Conn on the latest at Bury on 22:29 - Aug 27 with 3065 viewsNthsuffolkblue

David Conn on the latest at Bury on 22:26 - Aug 27 by Guthrum

It's up to whatever league (or division thereof) is prepared to take them. Obviously, they are going to pick the highest on offer.


Indeed. There is a league somewhere that will look at how much value they will offer to the league and say yes.

Presumably having put one more club up a league than they received down.

Poll: Is Jeremy Clarkson misogynistic, racist or plain nasty?
Blog: [Blog] Ghostbusters

0
David Conn on the latest at Bury on 22:30 - Aug 27 with 3057 viewsMullet

David Conn on the latest at Bury on 22:24 - Aug 27 by Swansea_Blue

I hope so. Gigg Lane is a cracking little historic ground. It’d be a shame to see flats or houses built on it.


I found out tonight it's been offered to Salford (the football club not the rugby club) and he's approached any suitably sized sports team in the area weeks ago.

The lad who works for them was in bits tonight. Says staff followed the whole day on Talksport and Twitter as they were being told nothing after weeks of being assured the money was coming and so were their wages.

I'm starting to think Dale was happy to drive the club out of existence from the off so he could strip out everything. Apparently he's had dozens of companies and done it every time. He must be a sociopath or something to be like that.

Poll: If Cook had the full season where would we have finished?
Blog: When the Fanzine Comes Around

1
David Conn on the latest at Bury on 22:30 - Aug 27 with 3052 viewsGuthrum

David Conn on the latest at Bury on 22:24 - Aug 27 by Swansea_Blue

I hope so. Gigg Lane is a cracking little historic ground. It’d be a shame to see flats or houses built on it.


If there's some sort of covenant, or the local authority are not prepared to authorise change of use, then it might be saved. Otherwise it will be sold off as part of the winding up.

Good Lord! Whatever is it?
Poll: McCarthy: A More Nuanced Poll
Blog: [Blog] For Those Panicking About the Lack of Transfer Activity

0
David Conn on the latest at Bury on 22:57 - Aug 27 with 2940 viewsTrequartista

David Conn on the latest at Bury on 22:23 - Aug 27 by Guthrum

Very likely, but any successor club will not have any entitlement to its deceased forbear's historical achievements (e.g. FA Cup wins).

Rangers might pretend otherwise, but everyone knows.


Why shouldn't a successor club be able to continue the club name and history? It's not as though anyone gains an advantage from liquidating a club and starting again 4 divisions lower.

Poll: Who do you blame for our failure to progress?

0
David Conn on the latest at Bury on 23:45 - Aug 27 with 2792 viewsTheBoyBlue

David Conn on the latest at Bury on 21:57 - Aug 27 by pointofblue

This is a huge issue.

"Although there is widespread sympathy for Bury supporters and deep sentiment for the football heritage, among other clubs and many fans there is also exasperation at the promotion from League Two won last season with an excellent team the club could not afford to pay. Hence the support from clubs for the firm line maintained by the EFL board."

Mansfield, who finished fourth, must feel particularly miffed.


Although they should also be glad to still have a club...

Blog: [Blog] The Homer Simpson of the Championship

2
David Conn on the latest at Bury on 23:51 - Aug 27 with 2772 viewspointofblue

David Conn on the latest at Bury on 23:45 - Aug 27 by TheBoyBlue

Although they should also be glad to still have a club...


Very true.

Poll: Who would you play at right centre back on Saturday?

0
David Conn on the latest at Bury on 23:55 - Aug 27 with 2740 viewslinhdi

David Conn on the latest at Bury on 22:03 - Aug 27 by Nthsuffolkblue

Were the EFL really so desperate to avoid them going bust before that they allowed Dale to take over without any fit and proper persons test?

As poor as the running of some of these clubs has been, so is the running of the EFL.


Dale passed the fit and proper test. But the EFL never bothered to ensure that he had adequate funds to support the club. EFL failed to apply their own rules.
0
David Conn on the latest at Bury on 00:01 - Aug 28 with 2723 viewsGuthrum

on 01:00 - Jan 1 by



Didn't know that.

But unsurprising to be at least that far down due to the initial weakness of any successor club.

Good Lord! Whatever is it?
Poll: McCarthy: A More Nuanced Poll
Blog: [Blog] For Those Panicking About the Lack of Transfer Activity

0
David Conn on the latest at Bury on 00:19 - Aug 28 with 2687 viewsGuthrum

David Conn on the latest at Bury on 22:57 - Aug 27 by Trequartista

Why shouldn't a successor club be able to continue the club name and history? It's not as though anyone gains an advantage from liquidating a club and starting again 4 divisions lower.


Because, legally, it's not the same club. It is a completely new one, which just happens to have a simlar name. I'm not sure they are even allowed to use exactly the same title - Hereford lost their "United" and Chester their "City" - as the empty shell of the old club (or the company which owned it) continues to legally exist in some administrative limbo for some time after it ceases trading.

Rangers seem to have got around that by renaming itself RFC 2012 plc just before liquidation and Sevco Ltd, the successor company, subsequently changing its name to Rangers Football Club Ltd. Different Scottish legal practices may have helped.

Good Lord! Whatever is it?
Poll: McCarthy: A More Nuanced Poll
Blog: [Blog] For Those Panicking About the Lack of Transfer Activity

0
David Conn on the latest at Bury on 14:03 - Aug 28 with 2328 viewsRyorry

From that excellent (albeit shocking in its content) article - thanks for posting it btw -

1. 2014 - (previous owner) Day took out a loan with 138% annual interest secured on Gigg Lane.

2. The mortgage was taken out in stages by Day, who in December, as his own property empire was about to collapse into insolvency, sold the club to Steve Dale for £1.

The lender, a firm based in Crosby called Capital Bridging Finance Solutions (“Capital”), is now owed £3.7m. Capital in turn mortgaged Gigg Lane, most homely of football grounds, to a company based in Malta whose own lenders were eight companies registered in the tax haven of the British Virgin Islands. As revealed in the Guardian, large portions of the borrowed money never came to Bury at all, because 40% was paid as “introduction fees” to unnamed third parties.

3. Frith (local MP) has also called for an investigation into the deal by which a company, RCR Holdings, bought for £70,000 any potential claim against Bury by Day’s company Mederco, which is in administration. The Mederco administrator told creditors it was uncertain if a claim could be made, as loans from Mederco did appear to have been converted into shares at the club. Nevertheless, the potential claim was admitted into the Bury CVA as a £7m debt owed to Mederco. RCR’s £7m vote enabled Dale to have the CVA passed with the necessary majority of creditors. RCR’s sole owner and director, Kris Richards, confirmed to BBC Radio Manchester that he is Dale’s daughter’s partner. Dale responded: “All dealings with the CVA have been done in a correct and proper manner.”

Beyond belief really. If the EFL couldn't screen out Day & Dale as unfit and improper given those factors, this renders the EFL themselves as neither a fit nor proper organisation imo.

Poll: Why can't/don't we protest like the French do? 🤔

0
About Us Contact Us Terms & Conditions Privacy Cookies Advertising
© TWTD 1995-2024