The ground has been named as an asset for the 7 million loan so if that cant be paid then the ground is theirs. This is what it looks like when Archer totally wins.
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[Football] Poor old Bury
- Thread starter Juan Albion
- Start date
The ground has been named as an asset for the 7 million loan so if that cant be paid then the ground is theirs. This is what it looks like when Archer totally wins.
scooter1
How soon is now?
Sadly, it looks like Bolton may not be too far behind..
Juan Albion
Chicken Sniffer 3rd Class
- Thread starter
- #283
There's a big mortgage on the ground I believe. taken out surreptitiously by the previous owner, Day. It was one of the reasons the deal collapsed. I think there is also a separate mortgage on their social club.
Juan Albion
Chicken Sniffer 3rd Class
- Thread starter
- #284
I guess tickets sold for Saturday's game will become collector's items.
Bury did get promotion overspending and owing other clubs money they have no intention of paying. They arent exactly angels in this but they are owned by someone who has been accused of asset stripping in the past. I am not sure we should be advocating that the Manchester and Liverpool clubs should be further lining this persons pockets.
Fit and proper test will show again what a pointless and gutless test it is. It is criminal these tossers get control of clubs. There should be a host of new regulations that need to be added to the articles of association to be a league club. EFL have proved again they are not fit for purpose and should be ashamed.
I just feel so sad, they were one of the first clubs. Its taken for granted that this is the greatest sport on earth but clubs like Bury started it.
portlock seagull
Well-known member
- Jul 28, 2003
- 17,779
RIP Bury. Sadly, not the first and certainly won’t be the last. Got to stop this madness of spending well above means at all levels of the footballing pyramid whilst everyone is encouraged to worship at the PL alter as if thats the be all and end all. It bloody well isn’t. And if you’re a dad taking your son to football practice and he wants a City, Barca or god forbid I’ve even seen kids wearing Paris SG shirts on S.Bucks’ pitches...give your head a wobble and take ‘em to your local club and buy their shirt instead. Wear with pride.
clapham_gull
Legacy Fan
- Aug 20, 2003
- 25,877
An odd mortgage where 40% of the money didn't go to Bury so they could secure a low interest rate.
Although all the focus is on the current owner (as you say), he bought a basket case. Same with Bolton.
From the article from @elpresidente they shouldnt have been given the CVA they dont know what they are doing.
Sussex Nomad
Well-known member
Up to this point I haven't written on this post. Unusual for me, being as I'm a gobshite. PL clubs, us, and the rest, should be helping the likes of Bury and Bolton. They cannot be allowed to just fade away. Why? Because the arrears of these age old clubs are less than the salary of a run of the mill player in the PL. With conditions, they cannot see clubs fall by the wayside whilst we get richer. We have a duty to do to them for what they did for us. This is a big issue for us that were helped by all the other clubs back in 97. We cannot see these clubs go to the wall.
Juan Albion
Chicken Sniffer 3rd Class
- Thread starter
- #292
Yes, something smells of buckets of halibut on a sunny Day.
Juan Albion
Chicken Sniffer 3rd Class
- Thread starter
- #293
Bury's owner only got the CVA through by cooking the books by selling debt to his daughter's significant other.
Yea whilst also saying that his daughters significant other had no interests with the owner... How Fking hard can this be for the EFL to work out when agreeing a CVA unless their memory lapses when they see shiney things pushed towards them.
Raphael Meade
Well-known member
Absolute ****ing shambles... can't believe what a disgrace the whole thing is. Feel so awful for everyone associated with the club - dark days indeed
Dale is an Archer
Juan Albion
Chicken Sniffer 3rd Class
- Thread starter
- #298
Ultimately, the League has to be held accountable. This happened under their watch. That Debbie Jevans seems to have worked her socks off, bless her, but it was too little, too late.
****. That's quite upsetting. Flames upon all the houses of the guilty. And best wishes to the phoenix club that WILL rise . . . . .
Sussex Nomad
Well-known member
We don't agree at all, but on this one I am with you. This is totally wrong and upsetting.