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Would he be allowed to be involved with 2 football clubs though? and both in the same league.

 

He’s involved in an advisory capacity to help sort out the mess. He’s not going to have an Interest beyond that.

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Football is rapidly becoming a web of entangled dodgy businessmen. There isn't an industry on the planet with less regulation.

 

There is always the football leagues fit and proper test.:whistling:

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Football is rapidly becoming a web of entangled dodgy businessmen. There isn't an industry on the planet with less regulation.

 

There is always the football leagues fit and proper test.:whistling:

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Football is rapidly becoming a web of entangled dodgy businessmen. There isn't an industry on the planet with less regulation.

 

Oh come on. UK fire regulations and Bangledesh factory regulations are both obviously worse.

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And while all this **** is going on what are the EFL doing? #EFL have just commissioned some frames of players previously from the lower leagues who played for England recently & presented them to Gareth Southgate. They’re doing a spiffing job

 

https://t.co/eRdnXDg6ja

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And while all this **** is going on what are the EFL doing? #EFL have just commissioned some frames of players previously from the lower leagues who played for England recently & presented them to Gareth Southgate. They’re doing a spiffing job

 

https://t.co/eRdnXDg6ja

 

The fit and proper test, with its weaknesses, is the only control. It comes at the front end of the process. So once the owner is in control, and the club is in competition, then the club under the control of the owner has to comply with the rules. Those rules include financial fair play. The sanctions in competition only apply to the club. But of course the club is a corporate entity and a sports club, whilst the owner is a separate individual. There is nothing the Football League can do to remove the owner. All they can do is penalize the club, the owners property, for breaching the competition rules. So the situation, from the fan's point of view, the community interest, can become absolutely hopeless. It happens quite regularly, and a reason is that lower league clubs are not really viable businesses and owners take over for non business reasons or reckless business reasons. I really like Bury, the fans Bury, and I hope they get through this somehow.

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That might be the case but if said scumbag called a ref an f in cheat he’d face a massive fine. Owners should have to lodge bonds of say 500k with the EFL to safeguard people’s income.

They can do something they just don’t want to.

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That might be the case but if said scumbag called a ref an f in cheat he’d face a massive fine. Owners should have to lodge bonds of say 500k with the EFL to safeguard people’s income.

They can do something they just don’t want to.

 

That incident would be dealt with by the FA though and not by the EFL. Two separate organisations.

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That incident would be dealt with by the FA though and not by the EFL. Two separate organisations.

 

The point I was making was that these scumbag owners are bringing the game into disrepute and the authorities don’t appear to care

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That might be the case but if said scumbag called a ref an f in cheat he’d face a massive fine. Owners should have to lodge bonds of say 500k with the EFL to safeguard people’s income.

They can do something they just don’t want to.

 

Yes that could get organised one way or another. I guess it needs some way of scaling. It has to cope with diverging budgets e.g. Bolton Wanderers and Bury levels of budgets.

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An in-depth analysis of how Bury accrued their debts by the ever-excellent David Conn -

 

https://www.theguardian.com/football/2019/jun/18/bury-inside-story-financial-ruin-winding-up-petition-loans-car-park

 

It's just staggering and shocking.

 

A reminder. If anyone can help fans have set up a Go Fund Me page for Bury here - https://uk.gofundme.com/save-bury-football-club

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It also shows the state of the financial structures behind property in this country, also highlighted by the lack of progress in cladding removal.

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It does but generally these are excuses when the investment was inherently risky/flawed and sometimes a scam in the first place. Investors have found out that their deposits have been propping up a football club losing money hand over fist. These funds aren't designed to be sold to the general public and any IFA doing so would be in serious bother.

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Bury were back in court today to face May’s adjourned winding up order by HMRC.

 

Proceedings adjourned for a further six weeks after intervention by the local MP. However, HMRC were allowed by the judge to add a further £350,000 to Bury’s debt.

 

They’re still alive, but for how much longer ? Possibly just 6 weeks.

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It appears the Bury owe HMRC in excess of £1 million. How on earth has the Football League allowed them to accrue such a debt? I thought they were supposed to monitor clubs’ finances so that this didn’t happen?

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They're going to need someone with a lot of cash with those sort of debts. It is beginning to look serious.

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They're going to need someone with a lot of cash with those sort of debts.

 

Norman Smurfthwaite. He's got a lot of cash now he's fleeced us! :wink:

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