The "it could actually be worse" thread ....

[pauld]

the company have pulled out of the purchase as due diligence unveiled a big old mess.

Well that must have come as a shock to everyone! If they hadn't even completed due diligence before today, this was never going to happen was it?

[Peter Venkman]

Well that must have come as a shock to everyone! If they hadn't even completed due diligence before today, this was never going to happen was it?

Exactly, its all been a farce at Bury's fans expense, keep them hanging on like there actualyl is a lifeline when in actuality there never really was.

You have to feel for the fans but its time the FL put its foot down and remove Bury and Bolton from the league, enough is enough.

If there really was a genuine interested party for both clubs then it would have been completed in the Summer.

Its an absolute joke at Bolton and Bury fans expense.

Let them form phoenix clubs and rise again as so many other ex league teams have done and lets all move on from it now.

The FL should have put its foot down way before now, a huge amount of blame must be shouldered by them in allowing it to carry on for so fucking long giving their fans some hope when there was none.

Every sympathy for both clubs fans (not the owners) but its time to move on now.

[horlock07]

I don't fully recall the collapse of Maidstone, could that be as attributed to specific and dubious individuals as the shit shows at Bury or Bolton?

[horlock07]

From Matt Slater

First take on the Bury news is on the PA wire now and it's grim but the celebrations on Friday night were very premature. The mortgages on the ground/bar taken out by Stewart Day (and fudged by Steve Dale in the CVA) are like unexploded bombs under the pitch.... ...C&N can rightly say that there simply wasn't enough time to resolve those issues but - even if Day, Dale and their lenders had been angels during this process - I'm told the league had reservations about C&N's ability to deliver all the money needed to keep Bury in the EFL......I'm told there was one other radical proposal made today, from another party, but it was rejected. Meanwhile, Bolton are in real danger of joining Bury in...who knows? Northern Premier, probably. As of an hour ago, total stalemate between Ken Anderson and Eddie Davies Trust.

[Peter Venkman]

I don't fully recall the collapse of Maidstone, could that be as attributed to specific and dubious individuals as the shit shows at Bury or Bolton?

There wasn't the national coverage back in the early 90s as there is now, all I remember is they went bankrupt, not sure the reasons behind it but I know they were ground sharing and didn't even have a home ground worthy of the FL at the time and were playing games in Dartford.

[Red Frog]

Bolton to Bury is six miles. The fans should band together to build a new joint enterprise. Dammit, they even wear near-enough the same colours. Bet they'd be back in the league within a decade.

[Peter Venkman]

Bolton to Bury is six miles. The fans should band together to build a new joint enterprise. Dammit, they even wear near-enough the same colours. Bet they'd be back in the league within a decade.

FC Lancashire. Play in White and dark blue. I recon they could be up the ladder quicker than that TBH. 5 years in theory is the quickest return I think.

[horlock07]

There wasn't the national coverage back in the early 90s as there is now, all I remember is they went bankrupt, not sure the reasons behind it but I know they were ground sharing and didn't even have a home ground worthy of the FL at the time and were playing games in Dartford.

Had a quick google and it seems that Maidstone were buggered up by getting promoted then trying to get aground to work etc etc, doesn't seem to be the dubious characters in their background.

[pauld]

Bolton to Bury is six miles. The fans should band together to build a new joint enterprise. Dammit, they even wear near-enough the same colours. Bet they'd be back in the league within a decade.

Thames Valley Royals

[Nemo]

So 59 minutes to find a new buyer and complete the process. 

It must be bad, we've not even heard rumours of Jed nosing around...

[Peter Venkman]

It must be bad, we've not even heard rumours of Jed nosing around...

Jed still has his little toe in the back door at Yeovil.

[ibelieveinmrreeves]

Jed still has his little toe in the back door at Yeovil.

That’s quite a...feet.

[pauld]

Some (slightly) better news for Bolton, threat of liquidation starting today has been lifted (only temporarily though):

https://www.bbc.co.uk/sport/football/49496968

[Power to people]

It will only happen for Bolton if the consortium can get the hotel as well as the FC seemingly as a lot of the profit is in the hotel, there are 2 bidders in for that 1 is the consortium that want the football club also, but the other is the owners of Boohoo website and they don't want the football club only the hotel and the administrators seem to be dragging their feet a little there.

There was talk that the venture consortium were willing to take Bolton and hope to get the hotel, but then it seems former owner Anderson has had some falling out with the Eddie Davis Trust over who gets what money, and this has now caused the stumbling block.

The administrators I would be surprised if they decided to liquidate before the 14 days was up as there is always hope a deal will be done at the last.

[RobertT]

I believe Ken Anderson took a loan from the Davies family to secure the club last year, but did so personally, he then secured a loan against Bolton.  If they liquidate, he gets paid off with the assets.  That's on top of any other shady stuff he's been doing in the meantime.  He has zero incentive to find a solution that doesn't include him getting his pay day.  The Davies family Trust is also involved as they have the loan to Ken to worry about, plus they tied in some other stuff when writing off a lot of the original debt.