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Author Topic: Bolton & Bury continuing fiasco.  (Read 25164 times)
swindonmaniac

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« on: Tuesday, August 27, 2019, 15:41:42 »

Looks like there is a slight bit of light at the end of the tunnel for Bolton,   but not much,   Feel for Bury fans, they look doomed. Still 20 minutes for it all to turnaround but wouldn't  want to be a fan of either club at the moment.
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RobertT

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« Reply #1 on: Tuesday, August 27, 2019, 15:48:40 »

Starting to sound like the Hereford scenario now:

https://www.burytimes.co.uk/news/17863510.bury-urge-fans-not-damage-gigg-lane-takeover-collapse/
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pauld
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« Reply #2 on: Tuesday, August 27, 2019, 15:50:20 »

http://thetownend.com/index.php?topic=57656.msg1510088
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swindonmaniac

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« Reply #3 on: Tuesday, August 27, 2019, 15:51:12 »

Ten minutes left and although things maybe going on behind the scenes it's not looking good for either team from this side of the fence.  
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Bob's Orange
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« Reply #4 on: Tuesday, August 27, 2019, 15:52:51 »

So presumably this Dale character is going to make a shedload of money selling off Gigg Lane and the land to property developers?
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swindonmaniac

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« Reply #5 on: Tuesday, August 27, 2019, 15:56:44 »

According to Sky reports neither team have reached a conclusion,   will they now follow through with their threat or will there be another extension ??.
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swindonmaniac

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« Reply #6 on: Tuesday, August 27, 2019, 15:58:34 »

EFL Deadline now passed.
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swindonmaniac

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« Reply #7 on: Tuesday, August 27, 2019, 16:02:11 »

EFL Say Bury discussion still going on and expect to make an announcement around 7.00pm.
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swindonmaniac

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« Reply #8 on: Tuesday, August 27, 2019, 16:08:48 »

Bolton say without any takeover bids winding up could start as early as tomorrow.
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suttonred

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« Reply #9 on: Tuesday, August 27, 2019, 16:19:03 »

So presumably this Dale character is going to make a shedload of money selling off Gigg Lane and the land to property developers?

I think a lot of it is secured against loans.
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RobertT

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« Reply #10 on: Tuesday, August 27, 2019, 16:23:51 »

It's where it gets murky and probably why people have been put off.  Day secured loans from his other businesses against the ground, those other businesses went under and claim they are owed the money.  Day seems to believe he has taken on the loans, as he put them in the CVA, which seems to have been to load the debt and ensure a CVA was entered.  I have no idea what that means in the liquidation scenario, but it's caused real issues in getting a buyer.  Either Dale has rolled a dice and lost, or gone dodgy as fuck and comes out smelling of roses from the disaster.  I have no idea!
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tans
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« Reply #11 on: Tuesday, August 27, 2019, 16:37:07 »

Bury now saying in talks with EFL as more bids have come in
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smalltowngypsymassacre

« Reply #12 on: Tuesday, August 27, 2019, 17:11:04 »

As much as I have nothing but sympathy for the fans of both clubs, this kind of situation shouldn’t be allowed to occur for the good of all clubs across the football league. At some point a deadline is going to have to stick and the clubs should be wound up, it can’t go on forever
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thedarkprince

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« Reply #13 on: Tuesday, August 27, 2019, 17:21:32 »

^^^^ Agree. If they are expelled, I’d hope it’d be a wake up call for other clubs to get their shit together and not the trigger for others going to the wall.
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tans
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« Reply #14 on: Tuesday, August 27, 2019, 17:25:25 »

According to twitter Jill Neville has now bid for Bury
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