jacksdad
Midland League Division Two
Posts: 246
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Post by jacksdad on Aug 21, 2019 16:02:03 GMT 1
A really interesting article....never thought I hear myself say that about anything in The Daily Telegraph!! Tranmere's Chairman Palios makes very valid points about "the EFL being the guardian of the pyramid in this country, most of the clubs in the pyramid, which is essentially a massive part of the fabric of this country. It grew out of communities, it grew out of churches and of working men's clubs, and 130 years later, it still plays a massive role" The let's bury our heads in the sand Board of the EFL should take note. It also beggars belief that the EFL were warned over two years ago about the perilous state of a number of clubs in the EFL from ( a respected ?) independent third party and clearly chose to completely ignore the heads up on what was likely to happen in the not too distant future and low and behold....guess what's happened. F**king numpties..
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Post by The Shropshire Tenor on Aug 21, 2019 16:34:24 GMT 1
I’m pretty sure that cycling’s governing body (UCI) requires teams to lodge a bank guarantee or bond each season, as a condition of being granted a competition licence, to cover the cost of riders and staff contracts, so if a team goes bust the riders/staff get paid.
If such a system were to be introduced by the EFL then there would be no doubts about a club being able to complete a season.
The process involved in getting a bank or insurance company to issue a bond or guarantee would weed out the clubs who don’t have sufficient resources before they are accepted into competition.
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Post by South Stand Salopian on Aug 21, 2019 16:56:50 GMT 1
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Post by zenfootball2 on Aug 21, 2019 17:27:38 GMT 1
A really interesting article....never thought I hear myself say that about anything in The Daily Telegraph!! Tranmere's Chairman Palios makes very valid points about "the EFL being the guardian of the pyramid in this country, most of the clubs in the pyramid, which is essentially a massive part of the fabric of this country. It grew out of communities, it grew out of churches and of working men's clubs, and 130 years later, it still plays a massive role" The let's bury our heads in the sand Board of the EFL should take note. It also beggars belief that the EFL were warned over two years ago about the perilous state of a number of clubs in the EFL from ( a respected ?) independent third party and clearly chose to completely ignore the heads up on what was likely to happen in the not too distant future and low and behold....guess what's happened. F**king numpties.. a classic case of groupthink
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Aug 21, 2019 17:58:03 GMT 1
On radio 4 now
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Post by venceremos on Aug 21, 2019 18:24:20 GMT 1
It beggars belief that the Class of ‘92 were prepared to pump resources into a Mickey Mouse outfit who will never command any decent following when a local club, with strong connections to the Neville family are on their last legs. Why does it beggar belief? Salford were starting from part time non-league. Bury would have been a much more complicated investment and their financial problems haven't emerged overnight. And why should the Nevilles, or anyone else, have any sort of obligation to invest in Bury and not any other club? You could as easily say Beckham should have bought Leyton Orient rather than set up a new MLS club in Miami.
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Post by Exkeeper on Aug 21, 2019 18:37:08 GMT 1
It beggars belief that the Class of ‘92 were prepared to pump resources into a Mickey Mouse outfit who will never command any decent following when a local club, with strong connections to the Neville family are on their last legs. Why does it beggar belief? Salford were starting from part time non-league. Bury would have been a much more complicated investment and their financial problems haven't emerged overnight. And why should the Nevilles, or anyone else, have any sort of obligation to invest in Bury and anot any other club? You could as easily say Beckham should have bought Leyton Orient rather than set up a new MLS club in Miami. Apparently, Neville Neville caused some of the problems at zBury and his wife was Secretary of the club right up until earlier this week. I was not aware that Beckham’s family were similarly involved with Leyton Orient. I still fail to see the attraction with Salford, surely there is a limit to how far they can progress. We all saw what happened to Andy Shaw’s big ideas to take a club, with a very limited fan base, up the pyramid at a fast rate of knots.: and yes, I realise that we are talking a different scale of financial backing here, but the fan base will always remain limited.
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Post by supermac11 on Aug 21, 2019 19:18:05 GMT 1
It beggars belief that the Class of ‘92 were prepared to pump resources into a Mickey Mouse outfit who will never command any decent following when a local club, with strong connections to the Neville family are on their last legs. It's part of their master plan to buy everything in Greater Manchester (various part of the city centre, a university, a football club...)
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Post by Pilch on Aug 21, 2019 19:26:44 GMT 1
It beggars belief that the Class of ‘92 were prepared to pump resources into a Mickey Mouse outfit who will never command any decent following when a local club, with strong connections to the Neville family are on their last legs. It's part of their master plan to buy everything in Greater Manchester (various part of the city centre, a university, a football club...) so the new owner came in picked his own kit moved ground wants championship football buys up local property, hotels , houses, land even rents them back out to the players oh wait a minute, I see we are talking about Salford, I though we were on about Shrewsbury
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Post by northwestman on Aug 21, 2019 20:17:30 GMT 1
Gallows humour from a Bury fan who claims a helicopter has been spotted hovering over Gigg Lane:-
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Post by northwestman on Aug 21, 2019 21:20:37 GMT 1
An e-mail from James Frith, M.P for Bury North, to Debbie Jevans of the EFL, has been sent asking for a further extension.
Looks like he's thinking of using Parliamentary Privilege to make a few observations about Day and Dale.
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Post by staffordshrew on Aug 21, 2019 21:45:13 GMT 1
That display of a desparate, passionate person trying to get the present chairman to sell up shows why we should be signing the guys petition. Bury should be demoted, punished, whatever, but Bury should not be buried forever.
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Post by South Stand Salopian on Aug 21, 2019 22:25:07 GMT 1
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Post by thesensationaljt on Aug 21, 2019 22:44:12 GMT 1
The Bury farce affects us all. It's gone on for so long, with them punching above their weight. The EFL have been a disgrace. They need investigating more than Bury.
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Post by venceremos on Aug 21, 2019 23:01:20 GMT 1
Why does it beggar belief? Salford were starting from part time non-league. Bury would have been a much more complicated investment and their financial problems haven't emerged overnight. And why should the Nevilles, or anyone else, have any sort of obligation to invest in Bury and anot any other club? You could as easily say Beckham should have bought Leyton Orient rather than set up a new MLS club in Miami. Apparently, Neville Neville caused some of the problems at zBury and his wife was Secretary of the club right up until earlier this week. I was not aware that Beckham’s family were similarly involved with Leyton Orient. I still fail to see the attraction with Salford, surely there is a limit to how far they can progress. We all saw what happened to Andy Shaw’s big ideas to take a club, with a very limited fan base, up the pyramid at a fast rate of knots.: and yes, I realise that we are talking a different scale of financial backing here, but the fan base will always remain limited. And Bury’s won’t? Salford is a growing city with a 33% bigger population than the borough of Bury and is more centrally located. Tough to build support but greater potential than Bury. And I don’t see why the Neville brothers should be expected to have felt any obligation to choose Bury for a football investment based on the connection their parents had with it.
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Post by venceremos on Aug 21, 2019 23:02:41 GMT 1
That diet’s not going to help for long.
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Post by stfcfan87 on Aug 21, 2019 23:04:50 GMT 1
Why does it beggar belief? Salford were starting from part time non-league. Bury would have been a much more complicated investment and their financial problems haven't emerged overnight. And why should the Nevilles, or anyone else, have any sort of obligation to invest in Bury and anot any other club? You could as easily say Beckham should have bought Leyton Orient rather than set up a new MLS club in Miami. Apparently, Neville Neville caused some of the problems at zBury and his wife was Secretary of the club right up until earlier this week. I was not aware that Beckham’s family were similarly involved with Leyton Orient. I still fail to see the attraction with Salford, surely there is a limit to how far they can progress. We all saw what happened to Andy Shaw’s big ideas to take a club, with a very limited fan base, up the pyramid at a fast rate of knots.: and yes, I realise that we are talking a different scale of financial backing here, but the fan base will always remain limited. Neville Neville caused a lot of the problems at Bury?? Really? That's not something I've read about before, I thought it was Day with his spending, property deals and large interest loans that use the stadium as the collateral?
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Post by staffordshrew on Aug 21, 2019 23:13:33 GMT 1
There's people out on the streets every night with a far worse diet than that, mind you, some of them don't last too long. Not many care about them though.
But in Manchester, mayor Andy Burnham has an initiative to get them off the streets and get the banks to allow them to have a bank account, so that they can get jobs and get paid. All the things we all take for granted.
How about something similar throughout the country Mr Boris Johnson?
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Post by trojanskin on Aug 21, 2019 23:18:59 GMT 1
Apparently, Neville Neville caused some of the problems at zBury and his wife was Secretary of the club right up until earlier this week. I was not aware that Beckham’s family were similarly involved with Leyton Orient. I still fail to see the attraction with Salford, surely there is a limit to how far they can progress. We all saw what happened to Andy Shaw’s big ideas to take a club, with a very limited fan base, up the pyramid at a fast rate of knots.: and yes, I realise that we are talking a different scale of financial backing here, but the fan base will always remain limited. Neville Neville caused a lot of the problems at Bury?? Really? That's not something I've read about before, I thought it was Day with his spending, property deals and large interest loans that use the stadium as the collateral? Think it was Neville that introduced Day to the club, so he is responsible in that sense.
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Post by staffordshrew on Aug 21, 2019 23:20:54 GMT 1
Why does it beggar belief? Salford were starting from part time non-league. Bury would have been a much more complicated investment and their financial problems haven't emerged overnight. And why should the Nevilles, or anyone else, have any sort of obligation to invest in Bury and anot any other club? You could as easily say Beckham should have bought Leyton Orient rather than set up a new MLS club in Miami. Apparently, Neville Neville caused some of the problems at zBury and his wife was Secretary of the club right up until earlier this week. I was not aware that Beckham’s family were similarly involved with Leyton Orient. I still fail to see the attraction with Salford, surely there is a limit to how far they can progress. We all saw what happened to Andy Shaw’s big ideas to take a club, with a very limited fan base, up the pyramid at a fast rate of knots.: and yes, I realise that we are talking a different scale of financial backing here, but the fan base will always remain limited. Is there any evidence supporting that?
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Post by staffordshrew on Aug 21, 2019 23:26:25 GMT 1
Neville Neville caused a lot of the problems at Bury?? Really? That's not something I've read about before, I thought it was Day with his spending, property deals and large interest loans that use the stadium as the collateral? Think it was Neville that introduced Day to the club, so he is responsible in that sense. Ah, so Nev Nev may be guilty of being conned by an alledged conman. that isn't really quite the same as "caused a lot of the problems".
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Post by accordingtome on Aug 22, 2019 6:51:58 GMT 1
That diet’s not going to help for long. she'll need a Tom tit soon so when she unlocks herself Day will sell the railings in a fire sale
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Post by northwestman on Aug 22, 2019 7:28:15 GMT 1
Good post by a Bury fan. I've raised the same issues myself, and now it looks like the local MP is also going to do so in the House of Commons in due course:-
"Who actually owned the shares in Bury FC during Day's era? Was it Day, or was it Mederco?
If it was Day, then how could loans by Mederco to BFC be capitalized into shares held by Day? I do wonder if part of the £7m claim by Mederco is because they dispute the legality of the capitalization of shares.
Also, the £3.6m Dale is claiming is based on the transferring of the debt owed to Day by BFC to Dale. But historically all money lent to BFC was by Mederco , not by Day himself".
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Post by northwestman on Aug 22, 2019 7:41:07 GMT 1
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Post by Exkeeper on Aug 22, 2019 8:07:14 GMT 1
Apparently, Neville Neville caused some of the problems at zBury and his wife was Secretary of the club right up until earlier this week. I was not aware that Beckham’s family were similarly involved with Leyton Orient. I still fail to see the attraction with Salford, surely there is a limit to how far they can progress. We all saw what happened to Andy Shaw’s big ideas to take a club, with a very limited fan base, up the pyramid at a fast rate of knots.: and yes, I realise that we are talking a different scale of financial backing here, but the fan base will always remain limited. Neville Neville caused a lot of the problems at Bury?? Really? That's not something I've read about before, I thought it was Day with his spending, property deals and large interest loans that use the stadium as the collateral? I am certainly accusing Mr Neville of nothing untoward., just picking up on comments from the thousands of posts from Bury fans on various message boards over the last 12 months. I guess what they meant was the bit about introducing Day to the club. Mrs Neville appears to have shown outstanding loyalty to their local club by remaining in her post as secretary despite the owners doing their best to ruin the club and I admire her for that.
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Post by Minormorris64 on Aug 22, 2019 11:03:18 GMT 1
Just a bit of Financial History in this debate and all the abuse directed at the EFL, this "problem" was in evidence a long time ago...23 years ago to be precise..
TURNOVER £1,235,231
LOSS £820,264
RETAINED LOSSES C/F in 1997 £3,208,727 with Shareholders Funds of £2,431,161 So theoretically a Deficit of £777,566 in 1997, which equates to £1,434,987 in todays money
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Post by trojanskin on Aug 22, 2019 12:45:55 GMT 1
Think it was Neville that introduced Day to the club, so he is responsible in that sense. Ah, so Nev Nev may be guilty of being conned by an alledged conman. that isn't really quite the same as "caused a lot of the problems". I was merely providing the link & did not suggest he caused a lot of the problems. Someone else has made that claim. Lol.
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Post by tvor on Aug 22, 2019 13:20:18 GMT 1
So Dale is expecting a £2million settlement in return for his 'time and resources'. That has to be the final nail in the coffin of any potential buy out deal before Friday.
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Post by tvor on Aug 22, 2019 14:54:07 GMT 1
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Post by Minormorris64 on Aug 22, 2019 15:02:02 GMT 1
I think this situation is past the caring phase, they should both be expelled and their results expunged
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