Your point being?
Bury - EFL to discuss re-entry to L2 | and Bolton - sold
- Thread starter jojojo
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Don’t understand? Do you want Phil to put money into Bury just because he’s a millionaire?
So if he goes around giving all his EARNED money to struggling clubs, he wouldn't be a multimillionaire.
Read his interview.... he's clearly pissed at Dale and it's personal for him because of parents involvement with the club.
Maybe he should have just said "ah feck em"?
I think your missing my point.
Everyone knows there's a gulf in money. The pros/cons of having all the money in the Premier League is a discussion for another thread.
But I'm talking about money trickling down the ladder to third and fourth tier. Where there isn't a spotlight on how owners run clubs and how they spend the money. Doubling everyone's pool of money isn't going to solve anything. It creates an inflation effect where players can demand a better salary, and clubs will pay better players more money chasing success. It's naïve to think that these clubs will put aside money for 'hard times/relegation bounces' when immediate success is the name of the game.
Bury's average wage is £2.4kp/w (middle ground for league 1). Introducing more cash into this league, someone like Jermaine Beckford can request £4kp/w. Then League 2 players can also request an increase, or go sit on the bench at Bury, so the average salary in League 2 rises to £2kp/w. Your more likely to create a fifth tier of pro football (where a players are paid an average full time wage and clubs struggle to stay afloat) than bridge the gap in money.
https://www.footy.com/footballers-vs-the-fans/#efl-league-two
It would be better to introduce a wage cap for each tier, mandatory salary cuts for relegation or shorter contract lengths in the lower leagues. All of which come with their own problems or would mean teams relinquishing some of their power.
It's not an easy problem, and throwing money at it isn't the solution.
Another aspect is the laughable 'fit and proper' owner checks.
Blackpool were in the same boat too around that time in the 80's. Previous owners racked up debts and tried to sell the ground for supermarket site before the council stopped it. They got so low down the leagues, you had to get voted back in the football league back then. Then eventually the club was sold for £1 to the Oystons would you believe.
Will this dossier from a Campbell provide more proof than the last one?
Rather than Premier League clubs paying to keep lower League clubs sustainable, I'd prefer to see limits on the number of youth and reserve players big clubs can stockpile.
Rather than having all the talented kids and youth coaches at a handful of top flight clubs, have quotas so more of them are dispersed around the leagues and the quality of the product will improve.
Smaller clubs will receive greater transfer fees for their more developed stars as the Chelseas and Uniteds of the league can't just hoover up bucket loads of them when they're under 16.
Rather than having all the talented kids and youth coaches at a handful of top flight clubs, have quotas so more of them are dispersed around the leagues and the quality of the product will improve.
Smaller clubs will receive greater transfer fees for their more developed stars as the Chelseas and Uniteds of the league can't just hoover up bucket loads of them when they're under 16.
That rule change that capped the fee big clubs would have to pay for players under a certain age (not sure if it was 16 or 18) was an utter disgrace.
Take an example from Wycombe.
We sold Ibe to Liverpool, decent fee upfront, and then a big fee as a sell on as part of the 15m sale to Bournemouth.
Probably 20-25 times the maximum we'd receive now.
BBC are reporting that they have been sold
Hearing on Sky Sports News, it is some London consortium. The reporter said maybe betting.
Still a bit vague
Still a bit vague
That's coming direct from Dale, one of the BBC Manchester people has been talking to him for weeks and he says:
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Whether Dale is to be taken seriously - I guess we'll find out in the next couple of days.
Glad to hear it, at least there's hope for the Bury fans.
Did they mention a figure?
Wrong approach IMO. Too much talent will go to waste. If anything they should be compensated further for said players.
These players shouldn't be deprived of top level coaching so they can stay in kick and rush sides further down the leagues
Nothing yet.
Well he has more than enough, and it would help. It'd be nice of him.
I don't think he'd be interested in doing that, but he could give significant help to Bury FC.
I would think they do, but i'm not sure. What has happened at Bury and Bolton shows how important due diligence is, and how the fit and proper test is not fit for purpose
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The fit and proper test would fail a fit and proper test (if the latter test was fit and proper).
fingers crossed.
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C&N Sporting Risk appears to be the buyer
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If the big clubs are stockpiling less players, they'll stockpile less coaches too. Work on changing the mentality of coaching and tactics in the lower divisions and instead of talent going to waste, see talent thriving below and driving up the standard above.
Statement from the potential purchasers. Not a done deal, but something.
Wonder would the way to go be any new buyer of a club, they put 2million in to a holding fund given to English fa, this money would need to be given before takeover is complete, that in the case of them not being able to afford wages there would be that money to fall back on
Can people stop saying this? Previous owner was up shit creek and sold to new owner. Newsflash: private companies can be bought and sold.
Due dilligence was NOT the problem here, they both knew what shit they were getting the club into.
Fit and proper was NOT passed. If anything, the FA have been on Dale's back because he did NOT pass it. It does not preclude someone buying a club though, all the FA can action is removal of the club's registration, they can't stop a private transaction happening.
What this highlights though is how vulnerable clubs are to this sort of unscrupulous scum. Given their role in the community and the emotional investment involved, the government would do well at looking at specific conditions when the asset being bought/sold is a football club. Easier said than done, mind. Defining which companies are/aren't part of a football club must be a minefield.
The EFL have given the potential new owners until 5pm Tuesday (Monday being a bank holiday) to take over. The buyers insist they need to complete the due diligence process so they know what they're buying - assets and all debts. So, whilst there's hope, it's certainly not a done deal.
The EFL statement
The response from the potential buyer C&N Sporting Risk is that it might be impossible for them to do the necessary work in the time given.
https://www.burytimes.co.uk/news/17...-fears-prospective-new-bury-owners-need-time/
The EFL statement
The response from the potential buyer C&N Sporting Risk is that it might be impossible for them to do the necessary work in the time given.
https://www.burytimes.co.uk/news/17...-fears-prospective-new-bury-owners-need-time/
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Bolton facing liquidation on Wednesday. Sad to see.
Bolton's EFL future under renewed threat after takeover deal collapses - http://www.bbc.co.uk/sport/football/49470865
Bolton's EFL future under renewed threat after takeover deal collapses - http://www.bbc.co.uk/sport/football/49470865
Looks grim from the sound of the Bolton administrator's statement:
https://www.bwfc.co.uk/news/2019/au...on-joint-administrator-for-bolton-wanderers4/
I guess that's their last shot at getting the sides to actually come up with a solution.
The sale has dragged on for weeks, so it always felt very fragile. The fact that is was also caught up in legal action (including the Bassini/Anderson case that's still ongoing) and the split of assets club/hotel being interlinked in terms of viability, but legally separate businesses with separate administrators.
Sale "almost" agreed on Friday, collapsed on Saturday. Rays of hope on Sunday. Anybody's guess if the vested interests can actually deliver a satisfactory answer to the EFL next week. No wonder the EFL and the administrators are talking about pulling the plug.
https://www.bwfc.co.uk/news/2019/au...on-joint-administrator-for-bolton-wanderers4/
I guess that's their last shot at getting the sides to actually come up with a solution.
The sale has dragged on for weeks, so it always felt very fragile. The fact that is was also caught up in legal action (including the Bassini/Anderson case that's still ongoing) and the split of assets club/hotel being interlinked in terms of viability, but legally separate businesses with separate administrators.
Sale "almost" agreed on Friday, collapsed on Saturday. Rays of hope on Sunday. Anybody's guess if the vested interests can actually deliver a satisfactory answer to the EFL next week. No wonder the EFL and the administrators are talking about pulling the plug.
Portsmouth was in a similar situation to Bolton a few years ago and managed to bounce back
This doesn't look very good though
This doesn't look very good though
Bury - the remaining club staff have opened the ticket office and the stadium. They appealed over the weekend for cleaning supplies and volunteers to get the stadium ready to play on Saturday.
Will they still exist on Saturday? Anyone's guess really. EFL say they've seen proof of funds from the potential buyers. The buyers say that their own due diligence work and review of the accounts can't be expected to be done in one working day (Dale didn't speak to them until Friday).
Will they be able to satisfy the EFL that it's worth letting them have a shot at it, even if the legally binding paperwork isn't in place? Will they have a match on Saturday? Who knows.
Will they still exist on Saturday? Anyone's guess really. EFL say they've seen proof of funds from the potential buyers. The buyers say that their own due diligence work and review of the accounts can't be expected to be done in one working day (Dale didn't speak to them until Friday).
Will they be able to satisfy the EFL that it's worth letting them have a shot at it, even if the legally binding paperwork isn't in place? Will they have a match on Saturday? Who knows.
Bolton's deal meanwhile, which always looked fragile is currently completely stalled.
Football Ventures, who were named as preferred bidders months ago, still haven't completed. Unless they can buy the hotel at the same time, their business plan apparently doesn't add up. At the moment, it looks like someone else is buying the hotel.
If the club administrators allow it, another bidder may come in for the club. So far alternate bidders haven't been given access to the club accounts, because FV were supposed to have been already chosen.
One way or another, something has to change and change fast. The pot of money the administrators were using to run the club has run out. They say they'll have to liquidate the club this week themselves if nothing changes. The EFL are expected to put them on a two week notice of expulsion today.
One way or another their fate gets settled in the next few days.
Football Ventures, who were named as preferred bidders months ago, still haven't completed. Unless they can buy the hotel at the same time, their business plan apparently doesn't add up. At the moment, it looks like someone else is buying the hotel.
If the club administrators allow it, another bidder may come in for the club. So far alternate bidders haven't been given access to the club accounts, because FV were supposed to have been already chosen.
One way or another, something has to change and change fast. The pot of money the administrators were using to run the club has run out. They say they'll have to liquidate the club this week themselves if nothing changes. The EFL are expected to put them on a two week notice of expulsion today.
One way or another their fate gets settled in the next few days.
Bury take over is off
Dead and Buryed.
A wakeup call to the top clubs
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Apparently Campbell has pulled out of the deal.
Entire deal didn’t make any sense barring for free publicity for him. His company are opening a new statistics product (was meant to be released in July and has been delayed). There’s no way someone with his background would be interested in a club in the situation that Bury is in. All feels like he just did it to get his name out there and try and get more customers for the product being released. He was on that Beat the bookies show earlier this month trying to plug the new product as well.
Entire deal didn’t make any sense barring for free publicity for him. His company are opening a new statistics product (was meant to be released in July and has been delayed). There’s no way someone with his background would be interested in a club in the situation that Bury is in. All feels like he just did it to get his name out there and try and get more customers for the product being released. He was on that Beat the bookies show earlier this month trying to plug the new product as well.
It was always going to be a tough one. It looks like Bury had just too many undisclosed liabilities, dodgy deals and people (still) hoping to get a last bite of the rapidly rotting cherry. No surprise given their last two owners but very sad.