Subject: Re: Bury down the pan at the hands of Property Speculators. Wed Aug 28, 2019 3:05 pm
Jethro wrote:
The buying for £1 yeah you are right, they was fecked already,
But any deal where something like that goes through,
Before the EFL rubber-stamped it, they should have made sure that the debt was guaranteed to be paid off,
There's all kinds of shit coming out now about what happened at Bury, we haven't heard the last of it, That's for sure,
The only positive I can see atm, is the local council won't allow Gigg lane , become houses,a supermarket etc, unless another sporting facility is provided,
Brent's being driven up there right now by Nool with a copy of the ice rink plans.
Earwegoagain
Posts : 12371 Join date : 2017-09-09
Subject: Re: Bury down the pan at the hands of Property Speculators. Wed Aug 28, 2019 3:11 pm
VillageGreen wrote:
Jethro wrote:
Listening to Talksport overnight, couldn't sleep but
Dale bought the club for £1 that should have been 1 red flag,
If they did their research on him known asset stripper 2 red flags,
Within 10 weeks of taking over which he did in December, you are meant to prove you have the funds to run the club as of yesterday obviously he still hasn't done that.
but its not just lower down theres problems,
In the championship some clubs are spending 106% of revenue on wages.
Sunderlands takeover was done just on parachute payments, so if they don't get promoted this year they are in trouble,
The EFL need to take a long hard look at themselves today, something needs to be done to make sure, Bolton and others aren't next.
But what can you do,
If you had a salary cap, no team that made it into the premiershite, would be able to compete and we would have the same 6 teams swapping places,
Theres 71/2 other professional teams we need to look after, not just the 20 at the top table,
The Premier League do not care about the lower leagues if the truth be known. All the money that makes its way to the Premier League is obscene, they give the EFL peanuts in real terms.
Perhaps the Premier League clubs could set up an extra cash kitty fund for the EFL and donate two million pounds each per season, the EFL could then distribute that cash when it is necessary.
The EFL need to get their act sorted out and quickly, they need an overhaul.
FFS Village are you some kind of Communist? The premiership clubs can't all afford to pay their staff the living wage! It's not as rosy as you think in the top tier. Anyway you need to think of the shareholders first, then the prima Donna players anyone else can go feck a cleaner, they probably need to turn tricks to pay the bills.
Punchdrunk
Posts : 1939 Join date : 2016-02-18
Subject: Re: Bury down the pan at the hands of Property Speculators. Wed Aug 28, 2019 4:32 pm
Earwegoagain wrote:
Jethro wrote:
The buying for £1 yeah you are right, they was fecked already,
But any deal where something like that goes through,
Before the EFL rubber-stamped it, they should have made sure that the debt was guaranteed to be paid off,
There's all kinds of shit coming out now about what happened at Bury, we haven't heard the last of it, That's for sure,
The only positive I can see atm, is the local council won't allow Gigg lane , become houses,a supermarket etc, unless another sporting facility is provided,
Brent's being driven up there right now by Nool with a copy of the ice rink plans.
Jethro
Posts : 8363 Join date : 2013-01-03 Age : 34 Location : Dorset
Subject: Re: Bury down the pan at the hands of Property Speculators. Wed Aug 28, 2019 6:25 pm
BREAKING Bolton Wanderers confirm takeover of club by Football Ventures has been completed
Punchdrunk
Posts : 1939 Join date : 2016-02-18
Subject: Re: Bury down the pan at the hands of Property Speculators. Wed Aug 28, 2019 6:57 pm
The fat scumbag is now using it as a stick to beat the AFT. Are there any depths he will not plumb?
cmon you know the answer to that.
Chemical Ali
Posts : 7322 Join date : 2011-05-10 Age : 47 Location : Plymouth
Subject: Re: Bury down the pan at the hands of Property Speculators. Wed Aug 28, 2019 8:54 pm
Ryan Lowe is on Sky Sports News' "The Debate" tonight at 2215 to discuss the Bury issues.
Jethro
Posts : 8363 Join date : 2013-01-03 Age : 34 Location : Dorset
Subject: Re: Bury down the pan at the hands of Property Speculators. Thu Aug 29, 2019 3:34 am
Jethro wrote:
BREAKING Bolton Wanderers confirm takeover of club by Football Ventures has been completed
An interesting 22 mins here, Not seen the one Ryan was on yet, but soon as it's uploaded or I find it will share it here,
Jethro
Posts : 8363 Join date : 2013-01-03 Age : 34 Location : Dorset
Subject: Re: Bury down the pan at the hands of Property Speculators. Thu Aug 29, 2019 3:40 am
Lowe defends Bury budget
Not full debate
Jethro
Posts : 8363 Join date : 2013-01-03 Age : 34 Location : Dorset
Subject: Re: Bury down the pan at the hands of Property Speculators. Thu Aug 29, 2019 5:22 am
An international consortium has £7m in the bank and is ready to complete a takeover of Bury, if the EFL agrees to reinstate the club, Sky Sports News understands.
The consortium says it has shown the EFL proof of funds and was in negotiations to buy the club on Tuesday night, before Bury were removed from the Football League.
The EFL made the decision to expel Bury after a proposed takeover by C&N Sporting Risk fell through on Tuesday afternoon, just hours before the 5pm deadline.
Bury were unable to fulfil any of their fixtures at the start of this season after owner Steve Dale failed to prove he could pay off creditors and show adequate operational funding.
However, Dale told Sky Sports News on Wednesday he has two buyers who still want to purchase the club, and has called on the EFL to reverse its decision to remove the club.
Dale added that, if his requests are ignored, he will demand an independent adjudicator is appointed to review the decision, and will ask EFL clubs for support.
Following Bury's expulsion, League One will consist of 23 clubs and three teams will be relegated at the end of the season, rather than the usual four.
Tgwu
Posts : 14779 Join date : 2011-12-11 Location : Central Park (most days)
Subject: Re: Bury down the pan at the hands of Property Speculators. Thu Aug 29, 2019 5:55 am
Posts : 7795 Join date : 2015-04-02 Location : Wormwood Scrubs awaiting the imminent arrival of Johnson..
Subject: Re: Bury down the pan at the hands of Property Speculators. Thu Aug 29, 2019 7:29 am
lol old Nooly really should use the quote button before responding.....
Farm member "Just goes to show what an incredible job James Brent did when he inherited a mess."
Nooly in next post "Don't agree Bigsy, he's as bent as a three speed walking stick. Not quite as dodgy as Day though."
VillageGreen
Posts : 6103 Join date : 2012-01-13 Age : 60 Location : Plymouth
Subject: Re: Bury down the pan at the hands of Property Speculators. Thu Aug 29, 2019 10:43 am
Earwegoagain wrote:
VillageGreen wrote:
Jethro wrote:
Listening to Talksport overnight, couldn't sleep but
Dale bought the club for £1 that should have been 1 red flag,
If they did their research on him known asset stripper 2 red flags,
Within 10 weeks of taking over which he did in December, you are meant to prove you have the funds to run the club as of yesterday obviously he still hasn't done that.
but its not just lower down theres problems,
In the championship some clubs are spending 106% of revenue on wages.
Sunderlands takeover was done just on parachute payments, so if they don't get promoted this year they are in trouble,
The EFL need to take a long hard look at themselves today, something needs to be done to make sure, Bolton and others aren't next.
But what can you do,
If you had a salary cap, no team that made it into the premiershite, would be able to compete and we would have the same 6 teams swapping places,
Theres 71/2 other professional teams we need to look after, not just the 20 at the top table,
The Premier League do not care about the lower leagues if the truth be known. All the money that makes its way to the Premier League is obscene, they give the EFL peanuts in real terms.
Perhaps the Premier League clubs could set up an extra cash kitty fund for the EFL and donate two million pounds each per season, the EFL could then distribute that cash when it is necessary.
The EFL need to get their act sorted out and quickly, they need an overhaul.
FFS Village are you some kind of Communist? The premiership clubs can't all afford to pay their staff the living wage! It's not as rosy as you think in the top tier. Anyway you need to think of the shareholders first, then the prima Donna players anyone else can go feck a cleaner, they probably need to turn tricks to pay the bills.
Point taken !!
Guest Guest
Subject: Re: Bury down the pan at the hands of Property Speculators. Thu Aug 29, 2019 12:06 pm
harvetheslayer wrote:
lol old Nooly really should use the quote button before responding.....
Farm member "Just goes to show what an incredible job James Brent did when he inherited a mess."
Nooly in next post "Don't agree Bigsy, he's as bent as a three speed walking stick. Not quite as dodgy as Day though."
Has he seen the light? lol
Guest Guest
Subject: Re: Bury down the pan at the hands of Property Speculators. Thu Aug 29, 2019 12:19 pm
i do have to question the sanity of the bury manager paul wilkinson for accepting that job under the circumstances they are in walking out on a two year contract with truro that he literally just signed only to end up out of work without so much a taking a training day let alone take home a wage.
Jethro
Posts : 8363 Join date : 2013-01-03 Age : 34 Location : Dorset
Subject: Re: Bury down the pan at the hands of Property Speculators. Thu Aug 29, 2019 12:32 pm
Angry wrote:
i do have to question the sanity of the bury manager paul wilkinson for accepting that job under the circumstances they are in walking out on a two year contract with truro that he literally just signed only to end up out of work without so much a taking a training day let alone take home a wage.
listening to Neil Danns on Talksport the other night , they have all been going in for training the players who were left at Bury, Also after his clash with Dale on the same station, Stephen Dawsons come out and said he's going to have to sell his house now.
Chemical Ali
Posts : 7322 Join date : 2011-05-10 Age : 47 Location : Plymouth
Subject: Re: Bury down the pan at the hands of Property Speculators. Thu Aug 29, 2019 3:45 pm
Looks like the late bid by SJ Global to takeover Bury won't be accepted by the EFL-
Forever Bury @forever_bury · 25m We have just been made aware the EFL have refused to rescind their decision to expel Bury FC from the league. This is a difficult time for us all. However, be assured that we are looking at all of the options available at this moment in time. #EFL#buryfc#togetherasone
Czarcasm
Posts : 10244 Join date : 2011-10-23
Subject: Re: Bury down the pan at the hands of Property Speculators. Thu Aug 29, 2019 4:51 pm
Jethro wrote:
Angry wrote:
i do have to question the sanity of the bury manager paul wilkinson for accepting that job under the circumstances they are in walking out on a two year contract with truro that he literally just signed only to end up out of work without so much a taking a training day let alone take home a wage.
listening to Neil Danns on Talksport the other night , they have all been going in for training the players who were left at Bury, Also after his clash with Dale on the same station, Stephen Dawsons come out and said he's going to have to sell his house now.
My sympathies lie way more with the Joe Soap staff at the club who were probably on £15-20k a year. A lot of the first team were on that much PER MONTH and of course they’ll get new clubs where they’ll be be well paid again.
jabba the gut ecfc
Posts : 370 Join date : 2011-09-07
Subject: Re: Bury down the pan at the hands of Property Speculators. Thu Aug 29, 2019 6:02 pm
Jethro wrote:
Lowe defends Bury budget
Not full debate
I'm afraid this interview touches upon an aspect of the Bury saga which a lot of fans are completely overlooking in the understandable urge to show sympathy for fellow fans experiencing a heartbreaking event. By that I mean the way in which the title of this thread is to a certain degree misleading.
In one important way this is different situation to the ostensibly similar story of the likes of Hereford, Chester, Chesterfield past and even the crises experienced by yourselves and ourselves - i.e that the tale is simply one of sharks and/or incompetents ripping off fans powerless to object to the financial mismanagement of their club.
A fundamental reason why Bury fell into the hands of Steve Dale is the fact they put themselves in the sh*t by repeatedly and radically overspending - signing players they could not afford in order to buy/try to buy promotions, not once, not twice, but three times since the early 2,000s - and each time failed to learn the lesson.
This form of doping with money you don't even have is not a victimless crime - it is a form of cheating that to varying degrees has/had damaging impacts on Bury's rivals, particularly those trying to do what everyone else says football clubs should do and live within their means. The promotion places Bury essentially stole by signing players they couldn't afford to pay meant other sides lost out on promotion, or the revenue and chance of promotion of the playoffs with all the negative consequences failure to get promotion or a playoff place brings - Wycombe and Luton in 2015, Mansfield and ourselves last year.
Not just that, but Bury's wins against the relegated sides contributed to condemning them to the potentially catastrophic consequences of relegation to the non-league void - especially in the case of Yeovil, who lost a critical game in the run-in, with Bury fielding top players they weren't even paying who could and should have been sold in the January window in order to alleviate the club's financial situation.
I don't recall too many Bury fans having any sympathy whatsoever with other fans detrimentally affected by their behaviour during any of the instances of this serial misbehaviour, or asking themselves any questions about the fundamental injustice of the situation at the time. On the contrary most seemed to spit dismissively back at their critics, hurling accusations of jealously and whatnot - "you'd love it if it happened to you" etc.
Notwithstanding the fact they didn't have the money in the first place the sort of doping Bury indulged in not only hopelessly distorts the playing field, but contributes to the insane financial arms race which threatens the existence of those clubs that feel compelled to try and compete, or else condemns the remainder who can't or won't compete to a world without ambition. You can't (correctly) lambast Salford on the one hand and ignore Bury's identical philosophy on the other, just because it's a question of degree. Somewhat ironically an ex-official of some club whose name escapes me was on Five Live yesterday evening discussing the situation and relating how even when they were in the dregs of the Championship Bury were once outbidding his club for players, signing the likes of Leon Clarke on stupid money.
I realise that in the understandable tide of uncritically sympathetic orthodoxy this argument is unlikely to win me any friends and that I'll be accused of callousness and bitterness, so for what it's worth I should make it clear that I'm completely on board with the belief this is a tragic case, that Bury fans deserve sympathy for what they've been through and that the situation highlights critical issues regarding the structure and oversight of English football which have been ignored, or only intermittently touched on by much of the media and EPL fans/plastics in the past.
I am absolutely not saying that Bury fans aren't in any way victims of shysters, or arguing that the historic behaviour of their club and their fans' marked lack of sympathy for the effect such behaviour had on others warrants the death penalty (assuming that is actually the end result, given that at this moment in time all that appears to have happened is that Bury have lost their league place). However the situation is a little more nuanced than many are making it out to be - I'm afraid I find it a bit rich for a legion of Bury fans to appear on the radio bemoaning the damaging impact of English football's financial madness and imbalance of resources when their club has been a prime culprit in said madness and when few of them seemed to be complaining while they were reaping the temporary rewards.
I suppose one positive result of this affair is the fact because Bury suddenly find themselves in the BBC's new back yard their crisis has led to almost unprecedented coverage of the issues lurking beneath the surface of English lower league football for clubs of their size. I haven't watched any TV at all for a while so I'm not sure how London-based BBC News & Current Affairs has covered the situation, but there has been an astonishing level of attention trained on Bury by Salford-based Five Live, stretching from Nicky Campbell on Monday morning to Dotun Adebayo's World Football Phone-In in the small hours of Saturday - a show that rarely discusses even EPL clubs in depth, let alone League 1 minnows. On the day before the EFL's revised deadline, when it seemed Bury would be saved, they were the lead item on all the news bulletins from the morning to the small hours, above even the Amazon rainforest fire, the G7 summit and Brexit.
I'd like to think that this will finally lead to the increased and sustained pressure on the relevant authorities to fundamentally address the structure of English football that many of us have wanted to see for years. Unfortunately I suspect the sympathy and "something-must-be-done" demands from the national media and BBC presenters and pundits will evaporate fairly quickly and they'll go back to creaming themselves over Salford without ever understanding the irony in that position.
PatDunne
Posts : 2614 Join date : 2013-11-21 Age : 63
Subject: Re: Bury down the pan at the hands of Property Speculators. Thu Aug 29, 2019 6:36 pm
There's not a lot I would disagree with there in Jabbas piece.
Earwegoagain
Posts : 12371 Join date : 2017-09-09
Subject: Re: Bury down the pan at the hands of Property Speculators. Thu Aug 29, 2019 7:06 pm
Same here.
Czarcasm
Posts : 10244 Join date : 2011-10-23
Subject: Re: Bury down the pan at the hands of Property Speculators. Thu Aug 29, 2019 7:46 pm
I get what you’re saying Jabbs, even if it’s of course being said firmly with a ‘Trust run club’ slant when you’ve given your opinions.
I do disagree though with your take that Salford and Bury’s philosophies are the same. The end goal may be similar, but the methods implemented to get there are worlds apart - put simply, Bury were spending what they didn’t ever have, whereas Salford have a pretty much unlimited revenue stream. I know people don’t like it but there have always been and always will be clubs that are financially rocket-fuelled, and then there will be Exeter City’s.
The playing field will never be level. Even the FFP rules are laughably akin to Swiss cheese. That is what needs to be severely tightened if any measure of ‘fairness’ is truly sought by the EFL. But to play devils advocate, if a Russian Billionaire wants to come and pump millions into an historically ‘nothing’ club like Bournemouth, why shouldn’t he?
I do feel sorry for Bury’s fans though. Sadly in terms of the size of the club, they were simply not an attractive enough proposition for a real investor to come in. Unlike a Bolton, or a few months back, an Aston Villa.
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Bury down the pan at the hands of Property Speculators.