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Post by londonshrew75 on Jul 30, 2019 13:05:29 GMT 1
Ok we all hate Don's for obvious reasons, but putting that aside it's unfair on them regarding where they are fitness wise. If your not ready in any shape or form for the first game of the season you have to be expelled. I'm sorry but the EFL are the organisation that need investigating. How are Bury going to change the mess they are in within a few days. A very very good point made by previous poster regarding season ticket prices. They quite clearly state 23 games, so everyone loses. Each club will have to conpesate its fans
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Post by GrizzlyShrew on Jul 30, 2019 13:07:20 GMT 1
The EFL are not fit to run the league. The EFL board need to follow the lead of the Conference, if a club don’t adhere to their rules they are expelled. Firm, fair and consistent! If the EFL acted this way it would prevent hundreds of local business suffering reckless owners and would hopefully deter such reckless stewardship by so many unfit owners in the first place. Absolutely. They are a compete and utter joke and are making themselves look stupid. Don't play their fixture on Saturday and you are out is the stance they should be taking.
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Post by gainsparkshrew on Jul 30, 2019 13:41:13 GMT 1
The EFL are not fit to run the league. The EFL board need to follow the lead of the Conference, if a club don’t adhere to their rules they are expelled. Firm, fair and consistent! If the EFL acted this way it would prevent hundreds of local business suffering reckless owners and would hopefully deter such reckless stewardship by so many unfit owners in the first place. Absolutely. They are a compete and utter joke and are making themselves look stupid. Don't play their fixture on Saturday and you are out is the stance they should be taking. The official EFL stance is 2 consecutive postponements and you are expelled. However it won't matter, Bury will be wound up in the High Court tomorrow when the HMRC's case against them is due to be held. The very fact that Dale hasn't proved to the EFL that he has the funds,or access to funds, to pay the CVA means that they are insolvent and as such have played right into HMRC hands
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Post by martinshrew on Jul 30, 2019 14:14:51 GMT 1
Hope they get totally ****ed off out of the football pyramid and back to the local leagues. You can claim i should have sympathy with their fans but i don't, they lap up overspending time and time again. Good riddance.
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Post by South Stand Salopian on Jul 30, 2019 14:24:50 GMT 1
Absolutely. They are a compete and utter joke and are making themselves look stupid. Don't play their fixture on Saturday and you are out is the stance they should be taking. The official EFL stance is 2 consecutive postponements and you are expelled. However it won't matter, Bury will be wound up in the High Court tomorrow when the HMRC's case against them is due to be held. The very fact that Dale hasn't proved to the EFL that he has the funds,or access to funds, to pay the CVA means that they are insolvent and as such have played right into HMRC hands So we could be looking at a 23 team league by Friday then if that's the EFL's stance... I'd have mixed feelings about a 23 team league, I would like to see a 24 league team, it's just normal, but i don't like seeing clubs spend money they haven't got even more. It's basically the other 23 league teams which lose out (Matchday revenue plus compensating season ticket holders for a lack of a game). Mansfield and Newport who were so close to promotion last season must be hard done by.
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Post by Deleted on Jul 30, 2019 14:38:57 GMT 1
Hope they get totally ****ed off out of the football pyramid and back to the local leagues. You can claim i should have sympathy with their fans but i don't, they lap up overspending time and time again. Good riddance. Fully agreed. They had their chance to protest when it became apparent what a s**tshow it was turning into with the remortgaging but instead they were happy to attend and cheer on Danny Mayor and Jermain Beckford etc. Good riddance.
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Post by gainsparkshrew on Jul 30, 2019 14:59:33 GMT 1
Hope they get totally ****ed off out of the football pyramid and back to the local leagues. You can claim i should have sympathy with their fans but i don't, they lap up overspending time and time again. Good riddance. Agreed that there were some mouthy ones who bragged about "living the dream" and so forth. However only a small percentage of all football fans post on messageboards,and the mouthy Bury fans were a small percentage of all Bury fans who post. Most Bury fans just want to attend their local club's matches, just like we all do. The question is what,as normal fans with limited incomes, could they have done to stop it?
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Post by venceremos on Jul 30, 2019 15:14:46 GMT 1
Hope they get totally ****ed off out of the football pyramid and back to the local leagues. You can claim i should have sympathy with their fans but i don't, they lap up overspending time and time again. Good riddance. Agreed that there were some mouthy ones who bragged about "living the dream" and so forth. However only a small percentage of all football fans post on messageboards,and the mouthy Bury fans were a small percentage of all Bury fans who post. Most Bury fans just want to attend their local club's matches, just like we all do. The question is what,as normal fans with limited incomes, could they have done to stop it? Fair question and the answer's surely not much. A boycott of home games was many Blackpool fans' strategy and I think Chester fans did something similar to try to squeeze Vaughan out. I think that's probably the only way - don't collude with the regime that's ruining your club. Hard to do but surely better in the long run.
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Post by northwestman on Jul 30, 2019 16:03:32 GMT 1
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Post by northwestman on Jul 30, 2019 16:28:53 GMT 1
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Post by northwestman on Jul 30, 2019 16:34:37 GMT 1
What on earth can be said about that?
I'm sure the Bury fans will have some comments to make in due course.
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Post by martinshrew on Jul 30, 2019 16:36:35 GMT 1
Notice Radcliffe are 8/1 to beat them tonight. Have Bury got a team yet? Not sure if anyone had a nibble but Radcliffe are into 7/5 now.
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Post by Mortgagehound on Jul 30, 2019 16:36:58 GMT 1
What on earth can be said about that? I'm sure the Bury fans will have some comments to make in due course. That is an extremely poorly worded statement. The EFL are absolutely right to demand to see the cash in the bank, otherwise they are delaying the inevitable. I am sure the management team will be disappointed at the content of such a statement.
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Post by northwestman on Jul 30, 2019 16:51:35 GMT 1
What on earth can be said about that? I'm sure the Bury fans will have some comments to make in due course. That is an extremely poorly worded statement. The EFL are absolutely right to demand to see the cash in the bank, otherwise they are delaying the inevitable. I am sure the management team will be disappointed at the content of such a statement. Positively amateurish I agree. Just a ramble. As expected, the Bury fans are less than impressed.
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Post by thesalmon on Jul 30, 2019 17:02:58 GMT 1
Christ... I'm dizzy reading that!
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Post by northwestman on Jul 30, 2019 17:11:23 GMT 1
A flavour of some of the comments made by Bury fans:-
"The EFL have withheld payments to the Club of £569,493 including August payment, not the actions of a body there to help.
Not nice when you don't get paid what you're owed is is Steve? you ****** ******* **** - as if he has the cheek to play that card after depriving hard working people their salaries for months. I despair". " don't this clown's family have a duty of care to stop him making a complete tool of himself?"
"If one of my parents was behaving like an incoherent halfwit in full view of the national media I'd be locking them up for their own good".
"Rapidly losing the will to live. Will this nightmare ever end?"
"Can we get him sectioned?"
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Post by Deleted on Jul 30, 2019 17:14:40 GMT 1
What to make of that....
To be honest I'm just shaking my head in disbelief. It doesn't even come close to being amateurish.
I doubt that the EFL will be very impressed with these latest ramblings.
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Post by Deleted on Jul 30, 2019 17:18:10 GMT 1
"We, as a Club are saddened by recent events from a body who should have the best interest of Clubs as it’s primary objective, clearly this is not the case."
What about other clubs like us Mr Dale?
Shouldn't the EFL ALSO be looking after the interests of other decent clubs, those who are well run, who are financially prudent, and above all else pay off all their debts in FULL?
I'm sure the EFL wish that there was more clubs like us, like Accrington. We stick and play to the rules.
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Post by stuttgartershrew on Jul 30, 2019 18:20:22 GMT 1
Hope they get totally ****ed off out of the football pyramid and back to the local leagues. You can claim i should have sympathy with their fans but i don't, they lap up overspending time and time again. Good riddance. Thats another thing in all this too. Because they have left it so late I doubt there is any time at all to drop them down the divisions to a level that they can finance. I doubt any other league can now accomadate them at this late stage. If it does go tits up, lord knows when Bury FC will play another game. Should have been sorted weeks ago this.
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Post by northwestman on Jul 30, 2019 18:42:15 GMT 1
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Post by accordingtome on Jul 30, 2019 18:51:30 GMT 1
So their first game is suspended and Stanley away possibly in doubt. What about their caraboa cup game in midweek? Is there a different set of rules for that
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Post by northwestman on Jul 30, 2019 19:02:42 GMT 1
So their first game is suspended and Stanley away possibly in doubt. What about their caraboa cup game in midweek? Is there a different set of rules for that I was wondering about that! It's at Sheffield Wednesday on 13th August. 1st things 1st. EFL have to decide whether the Accrington game can go ahead on 10th August. I wonder what Andy Holt thinks about all this!
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Post by South Stand Salopian on Jul 30, 2019 19:10:44 GMT 1
Bury team for tonight v Radcliffe.
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Post by northwestman on Jul 30, 2019 19:25:32 GMT 1
What on earth is Garratt playing at?
Crewe offered him another contract but he wouldn't sign it. Eventually, the offer was withdrawn. Now he's with this bunch.
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Post by frankwellshrews on Jul 30, 2019 20:28:57 GMT 1
Far be it from me to stick up for Bury but there does seem to be something odd about all this.
I'm no insolvency practitioner so please correct me if I'm wrong but my understanding of how the CVA works is that the debt is paid back over time. Bury would have been required to set a budget and include a portion of it as a monthly repayment. The court (and creditors possibly) would then have to scrutinise it and decide if it was achievable.
Presumably part of that process would be gaining some assurance that the budget set would be achievable so if the evidence for the CVA was good enough for the courts, why not the EFL?
Seems like the EFL might have finally been stung into action by the backlash their inaction to date has caused and will finally make an example of someone.
Not that I'm complaining, mind. I will pop champagne if that shower of cheating barstewards (sorry Bury fans, but the people running your club have been a succession of A*******s who are ruining the game) finally gets their comeuppance.
Does seem an odd way to do it though. Surely the safety certificate was the way to get them or just the whole "not paying your players" thing?
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Post by northwestman on Jul 30, 2019 21:14:42 GMT 1
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Post by stfcfan87 on Jul 30, 2019 22:10:03 GMT 1
Far be it from me to stick up for Bury but there does seem to be something odd about all this. I'm no insolvency practitioner so please correct me if I'm wrong but my understanding of how the CVA works is that the debt is paid back over time. Bury would have been required to set a budget and include a portion of it as a monthly repayment. The court (and creditors possibly) would then have to scrutinise it and decide if it was achievable. Presumably part of that process would be gaining some assurance that the budget set would be achievable so if the evidence for the CVA was good enough for the courts, why not the EFL? Seems like the EFL might have finally been stung into action by the backlash their inaction to date has caused and will finally make an example of someone. Not that I'm complaining, mind. I will pop champagne if that shower of cheating barstewards (sorry Bury fans, but the people running your club have been a succession of A*******s who are ruining the game) finally gets their comeuppance. Does seem an odd way to do it though. Surely the safety certificate was the way to get them or just the whole "not paying your players" thing? As I understand it, they've got to find £1 or 2 million to pay off the secured creditors, and whilst they've apparently agreed to pay 25p in a £1 to the unsecured creditors (which somehow I think includes Dale himself?!), have they got the funds to do that? And if they are doing that, what funds do they have to fund the players, staff and stadium for the full season??
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Post by northwestman on Jul 31, 2019 9:27:55 GMT 1
Dale bought Bury from Day for £1. Day seems to have assigned the debt owed by Bury to his Company Mederco Ltd to Dale. Hence Dale is claiming £3,680,000 from Bury as an unsecured creditor. However, RCR Holdings, who have also now been assigned the debt owed by Bury to Mederco Ltd by Mederco's administrators, are claiming £7,111,480.65. To quote the insolvency practitioner Steven Wiseglass 'there are elements of the claim that the debt either belongs to Steven Dale or RCR Holdings Ltd'. As you can see, it gets complicated! www.inquesta.co.uk/wpc_downloader/core/?wpc_action=view&id=1429
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Post by northwestman on Jul 31, 2019 9:35:57 GMT 1
As I understand it, they've got to find £1 or 2 million to pay off the secured creditors, and whilst they've apparently agreed to pay 25p in a £1 to the unsecured creditors (which somehow I think includes Dale himself?!), have they got the funds to do that? And if they are doing that, what funds do they have to fund the players, staff and stadium for the full season?? Don't forget they are also having to find approx £1,500 a week to service the loan secured against the ground. That is not part of the CVA.
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Post by northwestman on Jul 31, 2019 9:45:14 GMT 1
Gallows humour now coming from Bury fans. They've checked that if they start as a phoenix club at Level 10, they qualify for entering the F.A. Vase. The final last year was between Chertsey Town and Cray Valley Paper Mills! They've also researched what happened to Aldershot FC. Wound up by the Court in 1990 but 'saved' by a 19 year old property developer, Spencer Trethewy, who didn't have the funds to keep the Club running, and received a 2 year prison sentence for fraud in 1994. The Club was eventually wound up on 25th March 1992. archive.theshots.co.uk/AldershotFC.inkHowever, Spencer Trethewy (now known as Day) seems to have got back on track! taleoftwohalves.uk/featured/not-run-football-club-spencer-day-storyen.wikipedia.org/wiki/Spencer_Trethewy
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