stevie_howard
Active Member
Hes simply trying to turn the heat away from him and his family.
There needs to be something put in place because the situation, not just at Bolton or Bury, cannot continue as is. The Championship is loaded with debt. Clubs are being built on a foundation of sand. Something had to give.
Clubs, Bury included, are / were not learning these lessons; they had been through this cycle 3-4 times.
-New owners should need to put down a bond ("security deposit") of £1m with the league, 50% of which is returned within 12 months and the balance returned within 24 months.
-Clubs should be automatically relegated for an insolvency event and teams disqualified for the rest of the season 'to sort shit out'.
-Football creditors rule is scrapped.
And the rules should’ve been stricter then too. It may have prevented us going into administration. On one occasion it was forced by the clubs own supporters to get rid of a scrupulous owner.How many times did Luton go into admin?
And all the small businesses you screwed over.And the rules should’ve been stricter then too. It may have prevented us going into administration. On one occasion it was forced by the clubs own supporters to get rid of a scrupulous owner.
That is a damn good idea.Karl Robinson has suggested a bond has to be paid by a new owner (as others have as well) and our owner, Tiger, agreed with this yesterday on Radio Oxford. So, at the least, it forces a financial commitment from the owner that they risk if they screw up or try to asset strip. Also make it significant enough to put off chancers/asset strippers.
I would also like the Football League to do a detailed annual financial audit which penalties (points deduction, fines, forced relegation etc) can apply if certain standards aren't met. The French leagues manage to do this, iirc, so it is doable.
My eyes hurt.For a man who said he didn't really care about Bury or football he seems to be saying a lot here against the EFL:
https://www.buryfc.co.uk/news/2019/...isLpV_Co06vlxNVMOvV3U5s2lVV6tMT_f5RJNeYYbuw-s
Sounds like it.
I'm not sure there's as much support for Bury from other Clubs as the MP's think, tbh. Mark Palios and Andy Holt have both said similar in recent days (today?).
But it’ll become more popular than the IMF...The Accy chairman came up with a good idea. A football bank governed by the EFL/FA so when clubs want to borrow money, they have to go through them. Low interest rates etc.
I suspect the majority of clubs won’t go for it and the EFL know this.
Possibly just a case of the EFL passing the buck so they can say ‘well we tried, but our members made the decision’.
I am just so tired of this whole situation.
Like Brexit for gods sake make a decision EFL and bloody stick to it.
Passing the buck I see as just weak, YOU are the "governing" body bloody well GOVERN
Except of course they haven'tThey have. You have been expelled so either get a new owner(and start in non league) or start a new club.
It shouldn't be down to the clubs really, we have a governing body that seems to me to be bloody useless
No it was expected and in the grand scheme of things is minor. The other factors against are anything other than minor mind.Petitions to Wind Up (Companies)
Companies Court No 5844 of 2019
In the Matter of BURY FOOTBALL CLUB COMPANY LIMITED(THE)
20 September 2019
Courtesy of MarkG from a thread on our forum:
Does this put a spanner in the plans of the working group trying to get Bury into L2 next season?
No it was expected and in the grand scheme of things is minor. The other factors against are anything other than minor mind.
I recon we have no more than a 10% chance of surviving as BFC and 90% as 1885 in a much lower division, minus Gigg Lane and sharing at Radcliffe.
So are Bury fans gonna get the ball rolling on a phoenix club or is legal action against the Football League still the route a lot of fans want to take??
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