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Post by northwestman on Apr 4, 2019 16:26:17 GMT 1
From the Bury Fans Forum a few minutes ago:- "Steve Dale's business is asset stripping failed businesses, the latest in a long line of failed businesses being Bury FC. He's transferred ownership of the ground into a Limited Company and has now walked. There will be no more money put in from his pocket, if indeed there ever was, hence the players knowing they most likely won't be paid again". Bury fans have finally woken up to something I was on to quite some time ago. Dale has been involved in at least 19 former Companies which have been dissolved. For the record, that list of liquidated businesses forms less than half. There are plenty more in the names of Christian & Cassandra Dale, his kids. www.theguardian.com/football/2018/dec/13/bury-new-owner-steve-dale-financial-misery-historic-club"A club spokesperson told the Guardian that Dale had been retired in recent years because of a severe illness, from which he has been given the all clear." “Mr Dale decided to return to business in a more philanthropic way, helping younger people and others who have lost hope,” a spokesperson said. “Having heard about Bury, he felt he could bring business acumen to the club … and resolve the problems the club has been facing.”
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Post by GrizzlyShrew on Apr 4, 2019 18:46:51 GMT 1
Well I’m guessing they won’t gain anything at this stage of the season, I guess they won’t be able to play for any other club and clubs probably won’t be able to sign them up till their contract at Bury runs out. Sad state of affairs for them, just a pity that such owners are allowed to roam freely around the football world, the FA have a lot to answer for imo.
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Post by northwestman on Apr 4, 2019 18:53:34 GMT 1
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Post by Deleted on Apr 4, 2019 18:57:32 GMT 1
I am probably wrong, can't the PFA pay the wages of the players in the short term?
Of course other non-playing staff are f00ked over.
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Post by LetchworthShrew on Apr 4, 2019 22:20:29 GMT 1
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Post by Mortgagehound on Apr 5, 2019 9:01:17 GMT 1
I am sure the grammar police will be along shortly
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Post by Deleted on Apr 5, 2019 9:38:13 GMT 1
Who would want to be a football club owner, especially one with a past history of financial problems 😕 A very open and honest statement I thought.
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Post by northwestman on Apr 5, 2019 10:04:27 GMT 1
Who would want to be a football club owner, especially one with a past history of financial problems 😕 A very open and honest statement I thought. And yet no mention of the winding up petition or the non payment of players wages. We shall see, but his track record as well documented here doesn't give much cause for optimism. Still, that statement seems to have placated the Bury supporters without saying very much.
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Post by Deleted on Apr 5, 2019 10:19:40 GMT 1
Who would want to be a football club owner, especially one with a past history of financial problems 😕 A very open and honest statement I thought. And yet no mention of the winding up petition or the non payment of players wages. We shall see, but his track record as well documented here doesn't give much cause for optimism. Still, that statement seems to have placated the Bury supporters without saying very much. This question of due diligence always interests me too. If I was to ever consider taking over Bury FC (not in a month of Sunday's I hasten to add) I would go through every account, every piece of paper with a fine tooth comb and then do it again and again! The fact that he alludes to issues that are only now emerging is certainly a worrying one, someone has not done his/her homework very well, if you are to believe what you read.
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Post by northwestman on Apr 5, 2019 10:28:55 GMT 1
And yet no mention of the winding up petition or the non payment of players wages. We shall see, but his track record as well documented here doesn't give much cause for optimism. Still, that statement seems to have placated the Bury supporters without saying very much. This question of due diligence always interests me too. If I was to ever consider taking over Bury FC (not in a month of Sunday's I hasten to add) I would go through every account, every piece of paper with a fine tooth comb and then do it again and again! The fact that he alludes to issues that are only now emerging is certainly a worrying one, someone has not done his/her homework very well, if you are to believe what you read. Don't forget he was sniffing around Widnes RFC recently, who also at one stage couldn't pay their players wages. The fact that an experienced businessman like Mr Dale might not do due diligence on Bury before taking over is somewhat unlikely.
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Post by theshrews81 on Apr 5, 2019 10:51:17 GMT 1
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Post by LetchworthShrew on Apr 5, 2019 11:38:32 GMT 1
This question of due diligence always interests me too. If I was to ever consider taking over Bury FC (not in a month of Sunday's I hasten to add) I would go through every account, every piece of paper with a fine tooth comb and then do it again and again! The fact that he alludes to issues that are only now emerging is certainly a worrying one, someone has not done his/her homework very well, if you are to believe what you read. Don't forget he was sniffing around Widnes RFC recently, who also at one stage couldn't pay their players wages. The fact that an experienced businessman like Mr Dale might not do due diligence on Bury before taking over is somewhat unlikely. You could have offered your consultancy services ..... for cash upfront
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Post by shropshirelad42 on Apr 5, 2019 12:07:56 GMT 1
It's not nice to see any football club in the position of Bury and Bolton. I feel for the 'true' fans of clubs such as these, and sincerely hope they get out of the current predicaments they are in. Hopefully they will appoint chairmen in the future who will get them out of these situations and then to not try to buy success. Can you imagine how we would feel if the Shrews were about to be put into liquidation ?? Thankfully we have Raymond, and although he has some faults he has been a very good chairman and in no way would he let our club get into the state of some other league clubs. If the banks and the Inland Revenue called some of them in to pay their debts I feel sure a lot of them would end up folding. So to some fans who are calling for RW to go so that we can get someone in who will 'spend over our budget', I say......BE CAREFUL WHAT YOU WISH FOR !!! I am sure that when the time is right he will hand over our club to a good and decent person, who hopefully will have been a life long Shrew. COYB
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Post by northwestman on Apr 5, 2019 18:44:09 GMT 1
To an extent, Bury fans have only themselves to blame. A very high percentage of them carried on for a long time accepting the rubbish spouted by the previous Chairman, Stewart Day. And as far as I can see, not one of them on their Board has so far made any worthwhile effort to find out about the questionable business background of their present owner Steve Dale.
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Post by TheFoz on Apr 6, 2019 0:30:55 GMT 1
To an extent, Bury fans have only themselves to blame. A very high percentage of them carried on for a long time accepting the rubbish spouted by the previous Chairman, Stewart Day. And as far as I can see, not one of them on their Board has so far made any worthwhile effort to find out about the questionable business background of their present owner Steve Dale. I can remember a few gloating on here, a few years back. We all said enjoy it while it lasts. I did a basic accounting analysis of Bury vs Shrewsbury’s financial accounts then too. It was remarkable to see the contrast between the two and I was amazed that they hadn’t run into financial difficulty sooner. Feel for the proper fans though. What can they do? Just have to enjoy the ride and hope it doesn’t end in disaster.
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Post by davycrockett on Apr 6, 2019 8:43:46 GMT 1
It's not nice to see any football club in the position of Bury and Bolton. I feel for the 'true' fans of clubs such as these, and sincerely hope they get out of the current predicaments they are in. Hopefully they will appoint chairmen in the future who will get them out of these situations and then to not try to buy success. Can you imagine how we would feel if the Shrews were about to be put into liquidation ?? Thankfully we have Raymond, and although he has some faults he has been a very good chairman and in no way would he let our club get into the state of some other league clubs. If the banks and the Inland Revenue called some of them in to pay their debts I feel sure a lot of them would end up folding. So to some fans who are calling for RW to go so that we can get someone in who will 'spend over our budget', I say......BE CAREFUL WHAT YOU WISH FOR !!! I am sure that when the time is right he will hand over our club to a good and decent person, who hopefully will have been a life long Shrew. COYB Good old Raymond 🏆
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Post by Exkeeper on Apr 6, 2019 8:50:36 GMT 1
It's not nice to see any football club in the position of Bury and Bolton. I feel for the 'true' fans of clubs such as these, and sincerely hope they get out of the current predicaments they are in. Hopefully they will appoint chairmen in the future who will get them out of these situations and then to not try to buy success. Can you imagine how we would feel if the Shrews were about to be put into liquidation ?? Thankfully we have Raymond, and although he has some faults he has been a very good chairman and in no way would he let our club get into the state of some other league clubs. If the banks and the Inland Revenue called some of them in to pay their debts I feel sure a lot of them would end up folding. So to some fans who are calling for RW to go so that we can get someone in who will 'spend over our budget', I say......BE CAREFUL WHAT YOU WISH FOR !!! I am sure that when the time is right he will hand over our club to a good and decent person, who hopefully will have been a life long Shrew. COYB Good old Raymond 🏆 We have to be wary about why our Chairman has recently changed his name..........
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Post by shropshirelad42 on Apr 6, 2019 13:50:26 GMT 1
We have to be wary about why our Chairman has recently changed his name.......... Ah yes !!! Well spotted. These senior moments are becoming worrying . I thought I smelt a rat (not really, just joking) and inadvertently changed his name. What makes it even worse is that I went to the same school as him, albeit two years behind.
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Post by LetchworthShrew on Apr 10, 2019 3:40:29 GMT 1
To an extent, Bury fans have only themselves to blame. A very high percentage of them carried on for a long time accepting the rubbish spouted by the previous Chairman, Stewart Day. And as far as I can see, not one of them on their Board has so far made any worthwhile effort to find out about the questionable business background of their present owner Steve Dale. Maybe they had a lucky escape from Stuart Day ..... jumped from the fire back into the frying pan!!!!
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Post by northwestman on Apr 10, 2019 9:08:24 GMT 1
Their local M.P. James Frith is now involved and has sent a letter on 9th April to Dale which contains the following questions:-
"1. You have a pedigree for turning round failing businesses; has the situation at Bury taken you by surprise and can you expand on any detail facing you now that was not provided to you and your senior team at takeover point? 2. Can you confirm that staff are getting up to date information on the payment of their wages? When can they expect to be paid? 3. What are your plans in the short term to keep the Club operating as a business? 4. If Bury FC is wound up because the debts are too catastrophic are you considering launching a new Phoenix club? 5. Does the Club have the funds available to deal with tomorrow's winding up order? 6. Do you regret that the details of the severity of the Club's debt were not widely known at date of takeover given your commitment to transparency and your welcome intention to make Bury FC a community club, something welcomed across town?"
"You have a pedigree for turning round failing businesses". Is that a euphemism for asset stripping?
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Post by northwestman on Apr 10, 2019 9:51:30 GMT 1
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Post by northwestman on Apr 10, 2019 18:01:12 GMT 1
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Post by essofsteel on Apr 10, 2019 18:01:52 GMT 1
Whatever became of Telford United saviour!! Andy Shaw?
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Post by northwestman on Apr 10, 2019 18:25:57 GMT 1
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Post by Deleted on Apr 10, 2019 19:28:23 GMT 1
So yet another high Court hearing.
Who picks up the tab for these court cases? Not the general tax payer I hope 😕
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Post by northwestman on Apr 12, 2019 7:51:07 GMT 1
It has been reported on the BBC this morning that the Bury players are not intending to play their game on Saturday unless guarantees are made by Dale over their unpaid wages.
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Post by northwestman on Apr 12, 2019 16:00:33 GMT 1
There is a poster on the Bury Board called 'RammyShaker'. He's got Dale's card well marked, but is battling against the same characters who thought the previous Chairman Day was an asset to the Club, and just aren't prepared to look at the hard facts.
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Post by northwestman on Apr 12, 2019 16:30:31 GMT 1
E-mail from Dale to all Bury FC Staff:-
Dear All
I was hoping this week given the result we had at Court was going to be a productive week all pulling together, HOW WRONG COULD I BE
Let's be clear Gigg Lane staff work at Gigg Lane not Carrington so NOBODY turn up there, I will meet with you after the players
Amazing that the BBC were posting the details of my private meeting at Carrington within minutes, one can only wonder at your agenda whoever you are
What I can promise you all I'm no mug or patsy and I welcome the coming days
STEVEN D DALE. Chairman
Very professional! And he's had no result at the High Court. It's just been postponed and Bury are back there on May 15th.
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Post by northwestman on Apr 13, 2019 10:15:49 GMT 1
This thread has finally been acknowledged on the Bury Fans Forum! "A popular Shrewsbury Town forum had a thread on Dale as soon as he took over, the contents of which make for grim reading. It should be noted that elements of Salop’s supporters have been fiercely critical of how Bury have operated financially for years now, and not without good reason" burymeinexile.com/2019/04/12/get-out-of-bury-football-club/
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Post by Deleted on Apr 13, 2019 10:49:40 GMT 1
That website is so strange. Despite so much information to the contrary so many seem to believe the best in those concerned. No wonder they are in such a mess when so many seem incapable of critical thinking.
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