Power to people
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« Reply #675 on: Thursday, July 25, 2019, 11:43:15 » |
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cant find the link but the FL have issued Bury with a put up or shut up type notice, wanting answers to questions and if they do not get them within 14 days from today then the FL share will be suspend, and the safety committee meet today as well and if they say its not happening then fixtures will be suspended. I assume among other things Bury need to explain how they intend to pay the CVA and then the football creditors which they have to pay in full (assume not in instalments). Interesting times there found the link - https://www.efl.com/news/2019/july/efl-statement-bury-fc/ |
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Batch
Not a Batch
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« Reply #676 on: Thursday, July 25, 2019, 11:52:27 » |
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They still have today to answer the questions, and if they don't then the 14 day clock begins https://www.efl.com/news/2019/july/efl-statement-bury-fc2/I don't blame the EFL for playing hard ball if Bury aren't answering the questions. Bit late for their concern though. Shit times at the shakers. |
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RobertT
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« Reply #677 on: Thursday, July 25, 2019, 12:55:25 » |
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Isn't that basically the fact they have to pay all football creditors, i.e players and clubs, once the CVA is arranged for the FL to be satisfied? They are all protected by the FL rules, meaning they can withdraw the Golden Share.
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Power to people
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« Reply #678 on: Friday, July 26, 2019, 13:16:59 » |
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Isn't that basically the fact they have to pay all football creditors, i.e players and clubs, once the CVA is arranged for the FL to be satisfied? They are all protected by the FL rules, meaning they can withdraw the Golden Share.
And don't they have to put a 'bond' down as well and show where the money is going to come from for the next 3 years |
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pauld
Aaron Aardvark
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« Reply #679 on: Friday, July 26, 2019, 13:23:49 » |
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And don't they have to put a 'bond' down as well and show where the money is going to come from for the next 3 years
Theoretically yes, but they were supposed to do that when the current clown took over and didn't quite get round to it, but somehow the League still allowed them to go ahead with the takeover |
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Audrey
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« Reply #680 on: Friday, July 26, 2019, 14:57:25 » |
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Is there a firm rule in place that the FL has to adhere to if a club actually folds - as in how the leagues are reformatted?
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@mwooly63
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« Reply #681 on: Friday, July 26, 2019, 21:18:32 » |
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EFL statement on Bury.
If the EFL arent in receipt of previously requested information by mid day monday then their opening game v franchise is suspended
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pauld
Aaron Aardvark
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« Reply #682 on: Saturday, July 27, 2019, 13:28:54 » |
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pauld
Aaron Aardvark
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« Reply #683 on: Sunday, July 28, 2019, 14:27:53 » |
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Peter Venkman
Past glories motivate us when times are bleak.
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« Reply #685 on: Monday, July 29, 2019, 11:05:21 » |
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If they can't fulfill their fixtures then they should be ejected from the league, simple. |
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They shall grow not old, as we that are left grow old
Age shall not weary them, nor the years condemn.
We will remember them.
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Flashheart
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« Reply #686 on: Monday, July 29, 2019, 11:10:28 » |
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If they can't fulfill their fixtures then they should be ejected from the league, simple.
And the team that finished in 13th in L2 the previous season should take Bury's place. It's the fair thing to do. |
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Panda Paws
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« Reply #687 on: Monday, July 29, 2019, 11:10:36 » |
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If they can't fulfill their fixtures then they should be ejected from the league, simple.
Particularly if it's the first fixture! I feel for the fans, but particularly with Bury, I think they should be gone. They won promotion with a team they couldn't afford to pay. If they had a team they could afford, they'd have been relegated. It's cheating, and unfair on clubs who live within their means (irrelevant of how those means are obtained). It's also time to send a message. |
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pauld
Aaron Aardvark
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« Reply #688 on: Monday, July 29, 2019, 11:11:48 » |
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And the team that finished in 13th in L2 the previous season should take Bury's place. It's the fair thing to do.
Impossible to see how any reasonable person could reach any other conclusion. |
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Peter Venkman
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« Reply #689 on: Monday, July 29, 2019, 11:14:37 » |
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Impossible to see how any reasonable person could reach any other conclusion.
Word. That way there is no arguing between the clubs that were relegated or failed in the play offs....just go straight down the middle of the table to replace them. |
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They shall grow not old, as we that are left grow old
Age shall not weary them, nor the years condemn.
We will remember them.
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