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Post by northwestman on Aug 23, 2019 12:10:10 GMT 1
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jacksdad
Midland League Division Two
Posts: 246
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Post by jacksdad on Aug 23, 2019 12:26:47 GMT 1
Debbie Jevans was interviewed on 5Live this morning and it was painful to listen to...she avoided answering many of the questions particularly about "fit and proper" ownership tests. She was also at pains to stress how she feels for Bury fans in these difficult times yet never mentioned or considered the impact this whole situation is having on all the other League 1 and 2 clubs and the possible implications it's likely to have if it isn't resolved fairly quickly. She said numerous times how well run The Football League is and that instances like this are very rare occurrences... When the subject of Bolton was brought up she came across as dismissive and implied that there isn't a problem because Bolton are fulfilling their fixtures. I did get the impression that she has little faith or expectation that Dale will be able to provide the necessary assurances regarding future finances..... She just needs to pull the trigger and put Bury out of their suffering with this death by a thousand cuts
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Post by Minormorris64 on Aug 23, 2019 12:51:40 GMT 1
I think these two words suffice and a damn fine tune to boot
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Post by indalo on Aug 23, 2019 13:11:10 GMT 1
Debbie Jevans was interviewed on 5Live this morning and it was painful to listen to...she avoided answering many of the questions particularly about "fit and proper" ownership tests. She was also at pains to stress how she feels for Bury fans in these difficult times yet never mentioned or considered the impact this whole situation is having on all the other League 1 and 2 clubs and the possible implications it's likely to have if it isn't resolved fairly quickly. She said numerous times how well run The Football League is and that instances like this are very rare occurrences... When the subject of Bolton was brought up she came across as dismissive and implied that there isn't a problem because Bolton are fulfilling their fixtures. I did get the impression that she has little faith or expectation that Dale will be able to provide the necessary assurances regarding future finances..... She just needs to pull the trigger and put Bury out of their suffering with this death by a thousand cuts To a simple soul like me it appears that the people running the EFL are completely out of their depth. Seems to be the case these days that anyone , however limited their ability , can get any job they like so long as they are fluent in the language of corporate bo*****s and can avoid answering any questions. For the sake of the game EFL needs to grow a pair and pull the trigger now . Time for all the well run clubs to form a breakaway league but I suspect there are not enough of them for it to be viable.
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Post by northwestman on Aug 23, 2019 13:19:07 GMT 1
Debbie Jevans was interviewed on 5Live this morning and it was painful to listen to...she avoided answering many of the questions particularly about "fit and proper" ownership tests. She was also at pains to stress how she feels for Bury fans in these difficult times yet never mentioned or considered the impact this whole situation is having on all the other League 1 and 2 clubs and the possible implications it's likely to have if it isn't resolved fairly quickly. She said numerous times how well run The Football League is and that instances like this are very rare occurrences... When the subject of Bolton was brought up she came across as dismissive and implied that there isn't a problem because Bolton are fulfilling their fixtures. I did get the impression that she has little faith or expectation that Dale will be able to provide the necessary assurances regarding future finances..... She just needs to pull the trigger and put Bury out of their suffering with this death by a thousand cuts The fact that Jevans was not prepared to expand on the reasons for her departure as CEO of the RFU in 2015, while the RFU, despite a new communications strategy, refuses to comment on the affair does nothing to mask the widespread feeling that something was amiss behind the scenes. Jevans had reportedly fallen out with members of the RFU and received a £150,000 pay off when she left. Such individuals always get jobs elsewhere though!
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Deleted
Deleted Member
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Post by Deleted on Aug 23, 2019 13:43:22 GMT 1
Now being discussed on the Jeremy Vine show. Tugging on the heartstrings time.
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Post by llanymynechshrew on Aug 23, 2019 13:47:48 GMT 1
Plenty of do gooders jumping on the band wagon. No mention of them cheating their way to promotion. if they give Dale the money he is asking for (2.7m) what do they really think he will do with it.
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jacksdad
Midland League Division Two
Posts: 246
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Post by jacksdad on Aug 23, 2019 13:59:30 GMT 1
I can't see many Bury fans putting their hands in their pockets to give Dale a penny, he's loathed by them.....and rightly so!
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Post by indalo on Aug 23, 2019 14:32:24 GMT 1
Plenty of do gooders jumping on the band wagon. No mention of them cheating their way to promotion. if they give Dale the money he is asking for (2.7m) what do they really think he will do with it. Stomach churning for many true football fans , should have had Northwestman on there to get the real story out in the open.
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Post by venceremos on Aug 23, 2019 15:41:00 GMT 1
Plenty of do gooders jumping on the band wagon. No mention of them cheating their way to promotion. if they give Dale the money he is asking for (2.7m) what do they really think he will do with it. I think it's unfair to dismiss those donors like that. The way this is being presented in the media is dreadful - impoverished club at the heart of its community compared to the corporate giants of the Premier League down the road. Why don't they ask how this came about? Why don't they ask how it is that other clubs in similar circumstances have managed their finances, so why can't Bury? As I said earlier, people have been duped and are now being conned out of cash. I don't blame them. This whole saga is being portrayed as the poor little guy going to the wall. It's a shameful deceit.
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Post by gainsparkshrew on Aug 23, 2019 15:46:53 GMT 1
Debbie Jevans was interviewed on 5Live this morning and it was painful to listen to...she avoided answering many of the questions particularly about "fit and proper" ownership tests. She was also at pains to stress how she feels for Bury fans in these difficult times yet never mentioned or considered the impact this whole situation is having on all the other League 1 and 2 clubs and the possible implications it's likely to have if it isn't resolved fairly quickly. She said numerous times how well run The Football League is and that instances like this are very rare occurrences... When the subject of Bolton was brought up she came across as dismissive and implied that there isn't a problem because Bolton are fulfilling their fixtures. I did get the impression that she has little faith or expectation that Dale will be able to provide the necessary assurances regarding future finances..... She just needs to pull the trigger and put Bury out of their suffering with this death by a thousand cuts The fact that Jevans was not prepared to expand on the reasons for her departure as CEO of the RFU in 2015, while the RFU, despite a new communications strategy, refuses to comment on the affair does nothing to mask the widespread feeling that something was amiss behind the scenes. Jevans had reportedly fallen out with members of the RFU and received a £150,000 pay off when she left. Such individuals always get jobs elsewhere though! Isn't this Jevans woman just the acting Chair of the EFL and not in the full blown position ?
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Post by ssshrew on Aug 23, 2019 15:50:17 GMT 1
Well she certainly seems to be acting!!!
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Post by gainsparkshrew on Aug 23, 2019 15:51:04 GMT 1
Plenty of do gooders jumping on the band wagon. No mention of them cheating their way to promotion. if they give Dale the money he is asking for (2.7m) what do they really think he will do with it. I think it's unfair to dismiss those donors like that. The way this is being presented in the media is dreadful - impoverished club at the heart of its community compared to the corporate giants of the Premier League down the road. Why don't they ask how this came about? Why don't they ask how it is that other clubs in similar circumstances have managed their finances, so why can't Bury? As I said earlier, people have been duped and are now being conned out of cash. I don't blame them. This whole saga is being portrayed as the poor little guy going to the wall. It's a shameful deceit. The last thing that Bury fans want is a handout from either United or City and they certainly don't want local businesses handing over money to Dale.
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Post by ssshrew on Aug 23, 2019 16:09:45 GMT 1
That’s if local businesses have any money if they haven’t been paid.
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Post by South Stand Salopian on Aug 23, 2019 16:59:32 GMT 1
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Post by South Stand Salopian on Aug 23, 2019 17:14:57 GMT 1
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Post by Stowmarket Shrew on Aug 23, 2019 17:43:50 GMT 1
Looks like Burexit day has come earlier than even Boris expected! ;-)
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Post by northwestman on Aug 23, 2019 17:49:53 GMT 1
Let's see if they stick to this with Burnham, Frith and a fair % of the media all leaning on them.
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Post by venceremos on Aug 23, 2019 18:12:14 GMT 1
Let's see if they stick to this with Burnham, Frith and a fair % of the media all leaning on them. The pressure's unfair and making it very difficult for the EFL to take the tough action they should be taking. Where was all this political and media attention when Maidstone or Aldershot sank? I don't recall any. Ultimately, it's one small, badly run football club and, if it's as important to its community as everyone is saying, then its community won't allow it to die. They'll survive in a real sense, even if that's within a new company and starting again from non-league.
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Post by Mortgagehound on Aug 23, 2019 18:14:33 GMT 1
The Fat lady is having a gargle and slowly walking to the stage................
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Post by ssshrew on Aug 23, 2019 18:36:18 GMT 1
Let's see if they stick to this with Burnham, Frith and a fair % of the media all leaning on them. The pressure's unfair and making it very difficult for the EFL to take the tough action they should be taking. Where was all this political and media attention when Maidstone or Aldershot sank? I don't recall any. Ultimately, it's one small, badly run football club and, if it's as important to its community as everyone is saying, then its community won't allow it to die. They'll survive in a real sense, even if that's within a new company and starting again from non-league. The pressure should have nothing to do with it. Precedents have been set with Maidstone and Aldershot and that should be that. The old football league management obviously had a lot more bottle. If media views overcome the fact that this man is not a fit and proper person - something which the EFL appear to be the last to realise - then it’s not just Bury and Bolton who are unfit but the governing body as well. Clubs like us and Accrington, together with many other well run clubs, should be really worried as to the future if this is how the EFL carry on.
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Deleted
Deleted Member
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Post by Deleted on Aug 23, 2019 18:39:20 GMT 1
Why is it that asset stripping capitalists always want community led socialism when it goes tits up.
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Post by ssshrew on Aug 23, 2019 18:49:09 GMT 1
So they don’t have to spend their own money!!!
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Post by South Stand Salopian on Aug 23, 2019 19:26:56 GMT 1
Hang on people...
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Post by exiledshaker on Aug 23, 2019 20:12:46 GMT 1
Hi guys, I thought I'd try to explain the murky goings on at Bury, I'm no legal expert but this is my take on it.... the word "allegedly" may crop up a few times! Steven Derek Dale bought the club from former conman Stewart Day in December 2018 for the sum of £1, since then he has invested nothing. At his first press conference he admitted that he wasn't a football fan, he also wasn't from Bury. Some would ask the question "so why buy a football club?"... the answer lies in his business speciality, buying ailing companies, selling any assets then liquidating them. So far I think he has 40+ on his record at company house. Things now get a little more interesting.... Stewart Day out a loan secured on the ground with Capitol Bridge Finance (CBF) at a stupid rate of interest... something like 138% meaning that they, CBF, basically owned the ground. I won't go into too much detail about the fact that, allegedly, 40% of that loan went to an unnamed person as an "introductory fee" but that Bury FC Ltd was required to pay the whole loan back! Since then a new company, RCR Holdings Ltd suddenly appeared in June 2019 with one owner/director, allegedly Dales daughters boyfriend. RCR then purchased the debt from CBF for a fraction of the amount outstanding but then listed themselves as creditors under the newly agreed CVA for far more than they actually paid, millions more! Even with the agreed CVA payment of 25p in the pound they stand to make a substantial profit. There is more but too cut it short, some allege that Dale was an associate of Day & was brought in to close the club to try to prevent any inspection of the paper trail that would result in discovery of the shady goings on if the club was sold, due diligence & all that. IMO Dale is doing what he set out to do, liquidate the club & get his (Days?) hands on the ground. His media interviews are nothing less than pathetic, ignore them... they are nothing but BS. Something seriously dodgy is going on here... Have a good season guys, maybe we'll see you in 10 years or so. EDIT: Article by David Conn, the Guardian www.theguardian.com/football/2019/aug/23/bury-company-debt-cva-steve-dale-daughter
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Post by tvor on Aug 23, 2019 21:50:08 GMT 1
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Deleted
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Post by Deleted on Aug 23, 2019 21:55:58 GMT 1
I am intrigued way the supporters trust at Bury giving up their shares and what their current role is.
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Post by South Stand Salopian on Aug 23, 2019 22:18:55 GMT 1
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Post by South Stand Salopian on Aug 23, 2019 22:25:06 GMT 1
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Post by Scarecrow on Aug 23, 2019 22:27:54 GMT 1
Regardless of if they are bought out they should automatically be relegated to league two at the very least otherwise if they manage to get a team together in January then its an unfair advantage to teams who play at Gigg lane earlier on in the year.
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