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Author Topic: Whats wrong with football?  (Read 646057 times)
pauld


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« Reply #3900 on: Tuesday, April 9, 2019, 17:56:18 »

Bury’s winding up order is heard tomorrow. By all accounts it is being uncontested by the club!

The result of that scenario is that they will fold.

Jesus!
Where have you seen that? No mention of it on BBC or local paper
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Legends-Lounge


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« Reply #3901 on: Tuesday, April 9, 2019, 20:45:09 »

Where have you seen that? No mention of it on BBC or local paper

https://www.burytimes.co.uk/news/17560867.bury-north-mp-james-frith-writes-to-bury-fc-owner-steve-dale-to-seek-assurances-over-clubs-future/
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pauld


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« Reply #3902 on: Tuesday, April 9, 2019, 21:25:30 »

Yeah, I read that.No mention of them not contesting the winding up petition
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« Reply #3903 on: Tuesday, April 9, 2019, 21:26:18 »

Yeah, I read that.No mention of them not contesting the winding up petition

Of course they will.
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pauld


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« Reply #3904 on: Tuesday, April 9, 2019, 21:29:35 »

Of course they will.
Well that's what I would have thought, but Aubrey said he'd seen it said they wouldn't. Hence my question
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horlock07


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« Reply #3905 on: Wednesday, April 10, 2019, 09:17:46 »

Isn't doing this the day before the winding up petition is to be heard a little late.... https://www.burytimes.co.uk/news/17561975.bury-council-offers-to-get-to-the-bottom-of-financial-problems-facing-bury-fc/?ref=mr&lp=7
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The Artist Formerly Known as Audrey


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« Reply #3906 on: Wednesday, April 10, 2019, 09:28:07 »

Well that's what I would have thought, but Aubrey said he'd seen it said they wouldn't. Hence my question
Just on their message board. One of the more clued up posters said his interpretation of the winding up order was that it would go uncontested.

Could have been Bury’s version of Reg, of course!
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tans
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« Reply #3907 on: Wednesday, April 10, 2019, 09:50:35 »

Rumour that Chris Brass is happy to wait for his money until September on the proviso staff get paid this week
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The Artist Formerly Known as Audrey


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« Reply #3908 on: Wednesday, April 10, 2019, 14:23:05 »

Adjourned until the 15th May. Between now and then they hope to settle the £277,000 they owe HMRC plus players/staff pay other outstanding debts.

This is against TV income (?) and gate receipts, new ST sales etc.

Mmmmm
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Bob's Orange


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« Reply #3909 on: Wednesday, April 10, 2019, 14:34:27 »

Adjourned until the 15th May. Between now and then they hope to settle the £277,000 they owe HMRC plus players/staff pay other outstanding debts.

This is against TV income (?) and gate receipts, new ST sales etc.

Mmmmm

Potentially this sounds like a never ending cycle of debt for them.
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Bob's Orange


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« Reply #3910 on: Wednesday, April 10, 2019, 16:48:58 »

"Bury players are going on a 48-hour strike from training and are not intending to play their game on Saturday unless guarantees have been made by the Bury owner over their unpaid wages"

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Peter Venkman


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« Reply #3911 on: Thursday, April 11, 2019, 10:05:59 »

If for any reason they are placed in administration then they will be docked 12 points, leaving them on the same total as Swindon (59) but obviously with a far better goal difference.

That would open the play off race even more.

Straws clutched firmly.
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« Reply #3912 on: Thursday, April 11, 2019, 10:29:26 »

From a selfish perspective I have an open bet on Lincoln, Mansfield and Franchise all being promoted so having these issues at Bury is helpful.

Of course I hope they get through it.
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« Reply #3913 on: Thursday, April 11, 2019, 10:39:51 »

Of course I hope they get through it.
Oh absolutely, but a spanner in the works at this stage of the season cannot be good for them and could be very good for the rest of the chasing teams.

Their board have missmanaged the club for several years now, sailing close to the wind on many occassions with weird loans based upon promotions etc with massive interest rates.

It was only a matter of time before this sort of thing blew up in their faces.
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RobertT


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« Reply #3914 on: Thursday, April 11, 2019, 15:26:00 »

Reading their reason for adjournment until 15th May is not pretty.  Basically, their post season funds are going to be swallowed to cover this, which begs the question how will they fund ongoing expenses over the summer?  I'd imagine a huge clear out of players is about to happen, so even if they survive unscathed by things such as Admin, they look likely to be a basket case for next season regardless of division.  The owner is essentially saying as much in public.
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