Wayne's World
Full Member
Excuse my ignorance but does this mean Bury will now start back in the lower leagues as in the National league or have they completed folded as a football club altogether?
Well i don't know the ins and outs of the financial rules and laws etc, but i would imagine that if they liquidate the company which would clear the debts then they would have to start again completely. However, i assume that if they can clear the dates somehow in the next 9/10 months then they could start again higher up the pyramid?Presumably an extra promotion place from the conference or one less relegated. They say they'll come to a ruling on the details (like whether the extra place will be allocated on position or playoff etc) at their September meeting.
There have been suggestions that Bury could be allowed to join League Two next season having sat out this year. But I think that's all just pure speculation and a lot of wishful thinking.
Eddie Davies passed away. He was their main benefactor in the premier league years and bankrolled the signings of Okocha, Djorkeff, Hierro etc. After getting relegated he kept on writing off debt and giving them loans.Bolton "fans" outside the stadium doing fortnight dances and jumping and waving in front of the camera, as their club is on it's deathbed. Sky with their deadline clock. The state of modern football.
People all over twitter saying us and City should have bailed them both out. Sets a bad precedent though doesn't it. What in the feck happened with Bolton? They were a top 10 Premier League club ten years ago.
Well yeah, but with they still have the debt and now have absolutely no way at all of generating any income so liquidation now looks very likely from what i understand.I don’t know if I’m a bit confused here but everyone saying ‘rip bury’ - they’re only being expelled from the football league right? Sad & shameful of course but The club is still alive for now?
I'm guessing they'll be liquidated and a successor club will be formed by the fans, starting at the bottom of the pyramid.I don’t know if I’m a bit confused here but everyone saying ‘rip bury’ - they’re only being expelled from the football league right? Sad & shameful of course but The club is still alive for now?
Very informative cheersEddie Davies passed away. He was their main benefactor in the premier league years and bankrolled the signings of Okocha, Djorkeff, Hierro etc. After getting relegated he kept on writing off debt and giving them loans.
With Bury they have sailed closed to the wind many times and simply not learnt their lesson. Just two years ago they had strikeforce of Beckford, Tom Pope, Ish Miller, Brown all on ridiculous money.
Can understand the stick Steve Dale is getting but their previous owner created much of this mess.
This from 2014:
https://www.theguardian.com/footbal...v/12/bury-high-interest-loans-shadow-recovery
https://www.hitc.com/en-gb/2016/10/...winding-up-petition-and-search-for-gigg-lane/
From 2016. Bury demise HAS NOT happened overnight. Simply been years in the making.
Are you the commentary guy for Weymouth? I'll have definitely listened to you before if so.Ah ok, thanks guys. I'm at work so i am listening to TalkSport (And researching Tonbridge Angels for my commentary on Saturday)
I am but i only started this season, trying to learn as much as i can and get a job doing it somewhere, but i know the chances are slim to none.Are you the commentary guy for Weymouth? I'll have definitely listened to you before if so.
Yeah but amongst all your I'm alright Jack hand washing it still bears mentioning a broader view of the game and the pressures the financial disparity can have on clubs lower down the pyramid, which was the point.Yeah but amongst all your waffle it still isn't Man United, or City's fault, which was the point.
It had a lot of appeal to small investors with small pension pots and people using P2P investment umbrella groups like Lendy (investors who didn't know that £27m of the £152m in the fund were invested in Day's companies) - who saw the "guaranteed" high interest and didn't see that its heart was something that looks very like a Ponzi scheme.The freehold of Appleton Point was sold in May 2015 to E & J Ground Rents No 1 LLP for £850,000, who subsequently leased the basement car park back to Mederco for 999 years at a peppercorn rent. Mederco then sold the car parking spaces to another batch of investors for £9,995 each, again for a guaranteed yield of 9% for five years with an uplifted buy-back after that.
The club will keep going as long as there are people to support it, right? It may have to reform and start from the bottom though.I don’t know if I’m a bit confused here but everyone saying ‘rip bury’ - they’re only being expelled from the football league right? Sad & shameful of course but The club is still alive for now?
Alive but with no assets and no income. So alive is a bit of a moot point.I don’t know if I’m a bit confused here but everyone saying ‘rip bury’ - they’re only being expelled from the football league right? Sad & shameful of course but The club is still alive for now?
That’s where I have sympathy with the workers and the community, but when the fans were on the pitch celebrating promotion they didn’t care that they’d basically cheated another team out of it. It’s very easy to blame the EFL, but this hasn’t exactly been something that has happened for the first time or very quickly either. It’s easy to turn a blind eye when you’re getting new players and winning leagues.Baffling that Bury were spending such big sums on wages considering their income and the division they were in. Giving multiple players over the age of 25, 3 year contracts on wages over £7-8k a week. They were always going to run into trouble, and it seems they have been doing it for years and skirting the line.
Why should other clubs be responsible for a club being run irresponsibly?Yeah but amongst all your I'm alright Jack hand washing it still bears mentioning a broader view of the game and the pressures the financial disparity can have on clubs lower down the pyramid, which was the point.
If it loses the stadium, it would have to move out of town. If it does that, it'll never have quite the same meaning for its fans. It's role in connecting the generations and the community will be hard to reproduce.The club will keep going as long as there are people to support it, right? It may have to reform and start from the bottom though.
You can’t just give money to clubs that have been mis-managed and over spent, it is not fair on the clubs that are run properly. Could you imagine Aldi being told that they have to contribute money to Tesco? No it is down to the fit and proper person test - the kind of people who run these clubs badly should never have been allowed to run them.Disgraceful how it’s reached this stage. EFL and EPL should be doing better also to support these teams. The tons of money being thrown around in football yet nobody can seem to help Bury or Bolton.
Read @jojojo post above.It’s certainly a sad day for football to see such a thing happen to an EFL Club.
Everyone involved in the Club especially the fans, it must be incredibly hard going. It’s not just a case of meh, that’s that then onto the next thing, for thousands supporting Bury has been tradition, a lifestyle, all of a sudden just ripped away from them.
It’s easy to say the big Clubs should have bailed them out considering what was on the line, especially considering 16 of the the 20 premier league teams were happy to pay £250k each to just one man in Richard Scudamore upon leaving his position, yet bailing out a fellow professional football club collectively is a step too far.....
Only problem with that is, it sets a dangerous precedent, don’t worry lower league clubs, stumble into trouble and we’ll bail you out, it’s not a great message to send out.
All in all there has been massive catastrophic failures at Bury because of one or 2 people that is no fault of anybody else.
I genuinely feel for my fellow supporters of football.
It was a scouse boxing promoter/businessman and convicted criminal who was heavily linked to Curtis Warren called Steven Vaughan. He did exactly the same at Barrow AFC, luckily we survived although we were kicked out of the Conference for improper administration. We did warn Chester not to get involved as we warned Bangor City who are in all sorts of troubles under his ownership.Chester is one of my local teams, I'm fairly certain the guy who owned Chester was extremely dodgy.
Steve Vaughan!!!! Boooooo!!!!It was a scouse boxing promoter/businessman and convicted criminal who was heavily linked to Curtis Warren called Steven Vaughan. He did exactly the same at Barrow AFC, luckily we survived although we were kicked out of the Conference for improper administration. We did warn Chester not to get involved as we warned Bangor City who are in all sorts of troubles under his ownership.
Read somewhere that in 17/18 season, the wage to turnover ratio for teams in the Championship was on average 110% which is crazy. These owners are putting money into it hoping to make the big time to get the parachute payments and the TV money from the PL and if it fails, they just can leave the club in a mess.Why should other clubs be responsible for a club being run irresponsibly?
How is it fair to the clubs who make the effort to operate their finances in a proper sustainable manner if somebody else can offer higher wages and spend more on transfers to give themselves an advantage and then be rescued when it goes tits up?
It's only a matter of time before we see more cases like this. Just look at the wage to turnover ratios in the Championship as clubs chase the Premier League dream, it's unsustainable and it's not the fault of the bigger clubs.
Exactly, and that's the average, there's some up around 160-170%.Read somewhere that in 17/18 season, the wage to turnover ratio for teams in the Championship was on average 110% which is crazy. These owners are putting money into it hoping to make the big time to get the parachute payments and the TV money from the PL and if it fails, they just can leave the club in a mess.
http://deva-chat.com/thread/1486/supporter-ownershipSteve Vaughan!!!! Boooooo!!!!
There was a Rochdale fan on Talksport before. Bury is their biggest derby and that game brings in a lot of money, which Rochdale will now lose as well. The amount of business in Bury this will affect, pubs, food outlets which are now going to lose valuable income.
That's a cracking opening post in that thread.
Could they merge with Salford or would that be too much for the fans to cope with?If it loses the stadium, it would have to move out of town. If it does that, it'll never have quite the same meaning for its fans. It's role in connecting the generations and the community will be hard to reproduce.
There will be some kind of club formed. If only because the club was the umbrella for kids teams etc in the area. It might even be called Bury. Who knows, one day it might get a Salford City sort of boom. Hard though, there's not a lot of money floating around in Bury, so in some ways - "once it's gone, it's gone".
Completely. It's absurd. In this day and age it should be impossible for football clubs to lose money.Read somewhere that in 17/18 season, the wage to turnover ratio for teams in the Championship was on average 110% which is crazy. These owners are putting money into it hoping to make the big time to get the parachute payments and the TV money from the PL and if it fails, they just can leave the club in a mess.
Why are there so many crooks involved in football? Actually I probably know the answer to that.That's a cracking opening post in that thread.
Halifax Town too. They got relegated three divisions and couldn’t operate under that name anymore, they’re now FC Halifax.In 1992 when a new Maidstone club was formed after Maidstone United were expelled from the football league (called Maidstone Invicta) they were forced to restart in the Kent counties forth division.
I discovered this researching them for my first commentary of the season.
It's really sad, football clubs are the heart and soul of many towns and communities and bring a certain identity and publicity which they otherwise wouldn't get.Steve Vaughan!!!! Boooooo!!!!
There was a Rochdale fan on Talksport before. Bury is their biggest derby and that game brings in a lot of money, which Rochdale will now lose as well. The amount of business in Bury this will affect, pubs, food outlets which are now going to lose valuable income.
It's sad the way they might go. Through crooks wanting to make a fat buck and thinking the club is just lateral damage. They then leave with no thought to the lives they ruin, as long as they make their money out of it.It's really sad, football clubs are the heart and soul of many towns communities and bring a certain identity and publicity which they otherwise wouldn't get.
I can honestly see a few other smaller clubs going the same way over the next few years tbh.
Honestly don't understand people could think that is an option - how can a true football fan not understand the bond you have with the team you support?People saying they can go and support United or City. No they can't. Bury is their football club, has been all their lives. The EFL should never have allowed this scumbag to buy the club. It isn't just awful for the fans it is for the community, any work they did with the town.
I don't get it either. You put your heart and soul into the club.Honestly don't understand people could think that is an option - how can a true football fan not understand the bond you have with the team you support?