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Author Topic: The "it could actually be worse" thread ....  (Read 444309 times)
theakston2k

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« Reply #765 on: Monday, August 19, 2019, 15:33:06 »

It’s already skewing the equality of the league. Any team playing them before they get sorted have a gimme for 3 points. They come out of Admin and they’ll have a side not made up of kids.

I presume if they, and Bury, can’t fulfil their fixtures it’s the end entirely - reforming 9 levels down.
Tell that to Coventry, they somehow drew 0-0 with Bolton.
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RobertT

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« Reply #766 on: Monday, August 19, 2019, 15:53:07 »

They did have three goals disallowed in the game and something like 30 shots on goal.  Like one of those stupid FM games you have from time to time.

Bury's final deadline is this week I think, we shall see if the EFL mean it.  Bury will suffer either way.
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tans
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« Reply #767 on: Tuesday, August 20, 2019, 16:35:50 »

Burys next game suspended. Just end it now.
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pauld
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« Reply #768 on: Tuesday, August 20, 2019, 16:40:24 »

And with 3 days until they face expulsion, Dale still rejected deal that would save the club, holding out for more money

https://www.bbc.co.uk/sport/football/49410172
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horlock07

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« Reply #769 on: Tuesday, August 20, 2019, 17:14:29 »

And with 3 days until they face expulsion, Dale still rejected deal that would save the club, holding out for more money

https://www.bbc.co.uk/sport/football/49410172

To be  fair to Dale he wants a return on that whole £1 he spent on the club! 
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RobertT

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« Reply #770 on: Thursday, August 22, 2019, 12:04:41 »

It seems he has actually managed to contrive the taking on of the club (which included a 3.6m loan from the previous owners company), converted the debt to share capital and valued it pound for pound, got the CVA sorted and put himself down as a creditor owed 900k at 25% as per the CVA.  Something along those lines, which is what is now creating issues with any takeover - basically he put a quid in, ran out of cash from the club to pay any of it's bills and now wants to get close to a million for his troubles.  On top of that, the EFL's claim is pretty much that he hasn't shown any evidence of being able to pay the ongoing running costs plus the CVA payments and football debts.

How this lot were allowed up is one thing, how he was allowed to run the club without EFL approval is another.  The fact their saviour may end up being the villified ex owner of Port Vale is another again!
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horlock07

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« Reply #771 on: Thursday, August 22, 2019, 12:14:28 »

It seems he has actually managed to contrive the taking on of the club (which included a 3.6m loan from the previous owners company), converted the debt to share capital and valued it pound for pound, got the CVA sorted and put himself down as a creditor owed 900k at 25% as per the CVA.  Something along those lines, which is what is now creating issues with any takeover - basically he put a quid in, ran out of cash from the club to pay any of it's bills and now wants to get close to a million for his troubles.  On top of that, the EFL's claim is pretty much that he hasn't shown any evidence of being able to pay the ongoing running costs plus the CVA payments and football debts.

How this lot were allowed up is one thing, how he was allowed to run the club without EFL approval is another.  The fact their saviour may end up being the villified ex owner of Port Vale is another again!

Buggered if I can find it today, but I read something on the train yesterday that suggested that the CVA only passed as suddenly the day before it was finalised a bloody huge (multi-million pound) debt emerged to a newly founded company which meant that them agreeing the CVA would be enough to pass it despite what others thought.

Strangely the company holding this debt was incorporated very shortly before the date the debt was accrued, despite having very little in terms of assets, and guess who owns this additional company?

Edit - This summarises it.  https://twitter.com/KieranMaguire/status/1161603390348115969
« Last Edit: Thursday, August 22, 2019, 13:41:45 by horlock07 » Logged
pauld
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« Reply #772 on: Thursday, August 22, 2019, 12:34:45 »

Good article on the failings of governance that allowed this to happen on twohundredpercent:

http://twohundredpercent.net/900000-holes-bury-lancashire/
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horlock07

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« Reply #773 on: Thursday, August 22, 2019, 13:27:16 »

So Parkinson leaves Bolton, suspect that suggests he didn't see the problems being sorted in the short term. 
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horlock07

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« Reply #774 on: Thursday, August 22, 2019, 13:34:47 »

I am sadly reaching the conclusion that things probably have to take their course, but reading this is heart breaking for the supporter of any club, possibly more so for us in that it could easily have been (and could still be again) Swindon.

https://www.bbc.co.uk/sport/football/49414602
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tans
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« Reply #775 on: Thursday, August 22, 2019, 19:08:18 »

Looks like Bury might get an extension.
Precedents being set all over the shop!
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Abrahammer

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« Reply #776 on: Thursday, August 22, 2019, 19:45:04 »

So Parkinson leaves Bolton, suspect that suggests he didn't see the problems being sorted in the short term. 

From what I heard on 5live early it’s actually a case of the takeover is nearly done and Parkinson thinking it’s best all round if the new folks bring in somebody different as manager
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horlock07

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« Reply #777 on: Friday, August 23, 2019, 08:33:30 »

This is a good summary of the shenanigans at Bury, also deserves credit for the effort in spelling out a relevant piece with the first letter of each para!

http://priceoffootball.com/bury-minutes-to-midnight/
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The Artist Formerly Known as Audrey

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« Reply #778 on: Friday, August 23, 2019, 08:43:26 »

This is a good summary of the shenanigans at Bury, also deserves credit for the effort in spelling out a relevant piece with the first letter of each para!

http://priceoffootball.com/bury-minutes-to-midnight/
Wank Puffin, indeed!
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Red Frog
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« Reply #779 on: Friday, August 23, 2019, 09:09:59 »

This is a good summary of the shenanigans at Bury, also deserves credit for the effort in spelling out a relevant piece with the first letter of each para!

http://priceoffootball.com/bury-minutes-to-midnight/

How on earth did you - or anyone - spot that?
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Tout ce que je sais de plus sûr à propos de la moralité et des obligations des hommes, c'est au football que je le dois. - Albert Camus
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