Bury

[CambridgeDon]

One thing that's really grated on me in all this is its timing. The EFL knew what was going on and should have intervened earlier: this deadline should have been given to them well in advance of the new season. As it is, Bury are expelled when the season is under way, 23 other clubs with financial pressures of their own will now have one less home game and, arguably, one EFL L2 club would not have been relegated. 

You could hardly make up a worse way of dealing with this crisis. 

[JRC]

7 minutes ago, Nofinikea said:

Hahaha hahaha....

How many companies has he liquidated?  

Stroll on.

You only make money liquidating a business if you can sell the underlying assets for more than the debt. Bury's only asset is mortgaged so will go to the finance firms holding the mortgage. There's no doubt they traded insolvently all the time he was there and that will have been shown at the CVA.  He may have thought there was a way he could make money from it but he won't have. Liquidating a business doesn't mean the business has debt or doesn't pay off all the debt it owes, it means you don't think it can trade profitably in the future and cease trading. The accusation against Dale is he's an asset stripper and buys a business to sell underlying assets more valuable than the value of the business. Dale won't get anything from Bury ... although he'll lose his one pound investment. As a punt on something not working he won't lose much financially but I suspect he'd rather not have got involved because the publicity will make future business opportunities very scarce.

[JRC]

5 minutes ago, Jacko51 said:

I wonder if any of the Bury fans bothered to contact the EFL about their concerns?

A very small number did and raised questions with Day. Most didn't.

[melv]

Wonder where he planned for Bury to play their home games at?    https://www.burytimes.co.uk/sport/17863435.bury-bidder-fears-club-finished-takeover-collapse/?fbclid=IwAR2pqMiIk3_OOijAFpz9lE1tkkqTRqaHLjQL5yBSYMNMKLGx5ukZ1I5rGd8

[JRC]

14 minutes ago, Jacko51 said:

This situation at Bury has been developing for much longer than Dale's tenure and if the fans had bothered to look at the club's accounts at Companies House they would have know ages ago that the club was going down the pan financially.  Losing £2 million quid plus a year on the gates they were getting should have had them asking serious questions.  They don't appear to have done so.

They've run loses of up to 50% of revenue in recent seasons and as debt piled on debt it just got worse.

[JRC]

1 minute ago, melv said:

Wonder where he planned for Bury to play their home games at?    https://www.burytimes.co.uk/sport/17863435.bury-bidder-fears-club-finished-takeover-collapse/?fbclid=IwAR2pqMiIk3_OOijAFpz9lE1tkkqTRqaHLjQL5yBSYMNMKLGx5ukZ1I5rGd8

Nuneaton 😉

[whotobeakiller]

The saddest fact is that both Manchester Utd and Manchester City could have pulled together for the sake of football and funded a package to keep their smaller local rival Bury going as a Football league club

 

You reap what you sow...these giant clubs are destroying smaller clubs and killing them off...even taking over smaller clubs chances real chance of winning a Wembley trophy  via the Checkatrade

 

The game is filled with over egonistic business men and players all out to milk as much as possible for the love of their bank balance wealth...it makes you sick

 

And lastly the game is slowly creating a unsustanable gap between realistic admission prices and what working class supporters can afford. My criticism of the Shananan's (whom should know better) is that they have retained a £22 walk up admission price instead of reducing to a more reasonable £17-20. If it is the middle class fan she wants it is the middle class fan she will get

[RailwayRowdy]

23 minutes ago, Jacko51 said:

This situation at Bury has been developing for much longer than Dale's tenure and if the fans had bothered to look at the club's accounts at Companies House they would have know ages ago that the club was going down the pan financially.  Losing £2 million quid plus a year on the gates they were getting should have had them asking serious questions.  They don't appear to have done so.

Jacko, I cannot and would not argue against your general comments.

But in reality, how many football fans are likely to do the things you suggest ? The vast majority of supporters just want to go and watch their team, not turn into some sort of Crime Watch reporter.

As you and Nofinikea have correctly pointed out that we as Vale fans are deeply indebted to the stirling efforts of B&G, but for the vast majority of support of any club problems only become apparent after the writing is already daubed on the wall in thick white emulsion.

Therefore, I feel it is harsh to criticise these ardent supporters who, for whatever reason, but their faith in the club ownership until real and obvious problems come to light. 

But you and Nofinikea are correct, that if it wasn’t for the critical viewpoint of some of our support the Bury situation could indeed be ourselves.

Of that I have no doubt.

[Jacko51]

2 minutes ago, RailwayRowdy said:

Jacko, I cannot and would not argue against your general comments.

But in reality, how many football fans are likely to do the things you suggest ? The vast majority of supporters just want to go and watch their team, not turn into some sort of Crime Watch reporter.

Perhaps more fans should.

[RailwayRowdy]

8 minutes ago, Jacko51 said:

Perhaps more fans should.

Perhaps so. But also, perhaps, unrealistic to expect it to happen. 

[Jacko51]

18 minutes ago, Nofinikea said:

Yes, that was the general consensus BOTH times B&G mobilised at Vale Park.  As I said before, thankfully they had more fortitude than that defeatist sentiment.

The great advantage Black and Gold had was that our previous owner seriously underestimated them - shown by his "How's your little protest going" to one of them.

[JRC]

18 minutes ago, Nofinikea said:

Yes, that was the general consensus BOTH times B&G mobilised at Vale Park.  As I said before, thankfully they had more fortitude than that defeatist sentiment.

Where would Black & Gold have found 16 million? Bratt and Bell took us into liquidation with relatively small debts. Smurtwaite owed Smurtwaite money... and came out of the whole deal at least breaking even and saddling our new owners with a much bigger cost than any realistic valuation of the club. He's gone but he's got 5 million reasons to be cheerful.

[pensioner]

1 hour ago, melv said:

Wonder where he planned for Bury to play their home games at?    https://www.burytimes.co.uk/sport/17863435.bury-bidder-fears-club-finished-takeover-collapse/?fbclid=IwAR2pqMiIk3_OOijAFpz9lE1tkkqTRqaHLjQL5yBSYMNMKLGx5ukZ1I5rGd8

could it be Vale Park ?  After all he thinks he still has an interest in Vale (the deluded Cnut)

[Fosse69]

11 minutes ago, pensioner said:

could it be Vale Park ?  After all he thinks he still has an interest in Vale (the deluded Cnut)

Weatherfield Red Rec would be closer, better chance of sponsorships

[pensioner]

1 hour ago, Jacko51 said:

Perhaps more fans should.

Perhaps luminaries like the Nevilles who are now coming out of the woodwork should have taken a lead - Their parents were a Director and secretary so were in prime positions to see what was going on - its not just been going on for 18 months or so - its years and years of consecutive bad management.  With the focus the Neville brothers could have raised it would have been far more effective than what was achieved at Vale .  Does anyone not think if the outraged Nevilles had got there Arz in gear they could have drummed up support with their contacts ..... Well they had no interest in Bury then , like most other Bury people and businesses. They are now tutting and blowing claiming how outraged they are when they wouldn't lift a finger -its just another bit of advertising for them.    Total twonks who were never interested in Bury until it was too late.  Never mind they can live happily ever after in Salford ...... Until the bubble bursts