FestiveJack Posted August 28, 2019 Report Share Posted August 28, 2019 Yes it's Phil Neville's fault that Bury has been serially mismanaged over recent years. Link to comment Share on other sites More sharing options...
lanky316 Posted August 28, 2019 Report Share Posted August 28, 2019 Except I never said that. I merely said that it's kind of hard to take televised "oh this is so sad, they were so important to me" bullshit seriously when you're exactly the sort of person that people close to the club like he was claiming to be were begging to help them and chose not to do anything. As stated this was over a period of years and isn't an overnight tragedy. Instead of using your status to save "our" club, he chose instead to use it as a vanity project whereby a team have been granted all sorts of concessions. Don't pretend they were important and that you care now when you had every chance of doing something over that time and chose not to. Nope, instead he was off celebrating promotion (for which they aren't eligible and thus Notts County should've survived on the Torquay loophole) and getting special dispensation from the FA to field sides despite being unable to meet EFL match day requirements. A lot of us have been to games and put our hands in our pockets to help out clubs like Wrexham and Blackpool when they visited and rattled buckets to desperately save their clubs. Despite being local rivals, what happened to Luton was horrible and it's good to see they've been able to save the club, rebuild and are now in good shape. We can only hope that Bury are able to do similar to them, Accrington Stanley, Doncaster Rovers and to a lesser extent clubs like Chester and York and bounce back in some way. Watching things like that post mortem "oh dear", televised on a channel that were gleefully counting down to the clubs demise just adds more anger. It might meet a peak in a fortnights time when we see a Paddy McGuiness and Peter Key interview saying how sad it is that "we've lost our lovely local football club, if only somebody had the money or inclination to have done something... GARLIC BREAD THOUGH? AMIRIGHT?" He's not responsible for Steve Dale turning down offers for the club with weeks to go or any of the other issues that these clubs have to face but fuck off with your putting your face out there with an "oh it's so sad, that poor club, my dead dad would be distraught" for the Sky Sports Funeral Porn bullshit. 1 Link to comment Share on other sites More sharing options...
FLiam Posted August 28, 2019 Report Share Posted August 28, 2019 Class A cunt. He obviously passed the EFL’s fit and proper persons test too. Link to comment Share on other sites More sharing options...
Admin Lineker Posted August 28, 2019 Admin Report Share Posted August 28, 2019 3 1 Link to comment Share on other sites More sharing options...
Admin Lineker Posted August 28, 2019 Admin Report Share Posted August 28, 2019 Bolton Wanderers' survival has been secured after Football Ventures (Whites) Limited completed its protracted takeover of the club. 3 Link to comment Share on other sites More sharing options...
Adam Posted August 28, 2019 Author Report Share Posted August 28, 2019 3 hours ago, Liam Mk2 said: Class A cunt. He obviously passed the EFL’s fit and proper persons test too. He didn't even take it apparently, the EFL allowed him to take control of the club without putting him through the test. Which is even worse. I'm glad Bolton have been saved but the EFL have made a right mess of them. I hope they sort out their punishment for cancelling our game swiftly. Link to comment Share on other sites More sharing options...
Bobfoc Posted August 28, 2019 Report Share Posted August 28, 2019 I've looked at what the fit and proper persons test involves and it really doesn't add up to much. What sort of new measures could help sift out the predatory owners? One problem I see is that some owners appear to be eager and financially strong, but they quickly lose interest when they realise that they can't buy immediate success and high-scale profitability. It's quite jarring when you look at how many wealthy people have promised the world to a club and then held it to ransom as soon as reality kicks in. Link to comment Share on other sites More sharing options...
Szumi Posted August 28, 2019 Report Share Posted August 28, 2019 In all seriousness: what has Steve Dale gotten out of this? Has he financially benefited somehow from this whole charade? I'm really interested in learning more on this. It sounds like he's been vilified by everyone, but I don't understand enough of it to get why he seemingly purposely ran the club into the ground. Link to comment Share on other sites More sharing options...
lanky316 Posted August 29, 2019 Report Share Posted August 29, 2019 A simplified version of something I was reading t'other day. The company who bought £7 million of Burys debts for £70k are ran by his daughters partner. Buying that meant that they were able to push through a Company Voluntary Arrangement which means that monthly payments are made to a company who then divide it up and make payments to the creditors. As part of the CVA they agreed to be seeking around £1.75 million out of the debts that they paid a tiny fraction of to acquire. The company that the Dale family ran only existed two days prior to acquiring the debt so looks like they were set up with the intention of pushing through the CVA, of which they would now be the main beneficiary. Bury folding and beginning the asset stripping to pay off the creditors in order of amount of debt owed is likely to (after taking out money spent on the clubs bills) land a profit to his family in excess of £1 million. 2 Link to comment Share on other sites More sharing options...
Admin Lineker Posted August 29, 2019 Admin Report Share Posted August 29, 2019 2 hours ago, lanky316 said: A simplified version of something I was reading t'other day. Steve Dale is a cunt. Yes. 3 Link to comment Share on other sites More sharing options...
Admin Lineker Posted August 29, 2019 Admin Report Share Posted August 29, 2019 Quote The Insolvency Practitioners Association has announced that it will investigate the company voluntary arrangement (CVA) organised to cut the debts of Bury, who were expelled by the English Football League on Tuesday. The IPA said its decision, to “consider the operation of the CVA”, followed concerns expressed in the Guardian by the Bury North MP, James Frith, and the Football Supporters’ Association. Frith has said he assumes it will also be “standard practice” that the Insolvency Service, a government agency, will investigate. Frith’s and the FSA’s concerns centre on a £7m claim admitted into the CVA as a debt owed by Bury to a company, Mederco, owned by Stewart Day, the club’s former owner, which collapsed into administration in February. In December, shortly before Day declared insolvency at Mederco and several other of his property companies, he sold Bury for £1 to Steve Dale, the owner in whose tenure the 134-year-old club has been expelled. Dale, who never satisfied the EFL that he had the necessary money to pay the club’s debts and run it, worked to secure the CVA in July, which offered creditors 25p for every pound owed. The insolvency practitioner supervising the CVA, Steven Wiseglass, included in Bury’s total creditors a £7.1m debt stated to be owed to Mederco for loans to the club during Day’s ownership. Creditors were told that this debt had been bought by RCR Holdings Ltd, a company formed two days before the meeting to consider the CVA. The scale of the £7.1m debt was crucial to the CVA being passed. Last week the sole owner and director of RCR Holdings, Kris Richards, 41, confirmed to BBC Radio Manchester that he is the partner of Steve Dale’s daughter. The Mederco administrator, the firm Leonard Curtis, had told that company’s creditors that it could not establish how much money, if any, was owed by Bury. It said there was a “lack of evidence as to the accuracy and proof of the quantum of any debt” and had sold RCR the potential claim to any debt for £70,000. Dale told the Guardian last week that RCR Holdings, having had that £7.1m admitted to the Bury CVA, would be seeking a quarter of that full sum alongside other creditors – £1.75m, despite having paid only £70,000. The IPA responded by saying it was issuing a statement, announcing an investigation into the Bury CVA, following the Guardian’s report of Frith’s and the FSA’s calls for an inquiry. “CVAs are a debt repayment solution that allows companies in debt to pay creditors over a fixed period,” the IPA said. “CVAs are stringently regulated and should command the highest level of diligence from insolvency practitioners [IPs]. “The IPA takes concerns arising from insolvency procedures extremely seriously and can confirm that, due to information that has been brought to its attention, and in line with processes to regulate IPs, it is considering the operation of the CVA relating to Bury football club.” Wiseglass told the Guardian on Wednesday that he had admitted the Mederco £7.1m debt because there was evidence at Bury for doing so. “Everything relating to the CVA has been done properly,” he said, “but of course I am regulated and if there is any inquiry I will deal with and cooperate with it.” Dale has said: “All dealings with the CVA have been done in a correct and proper manner.” The FSA had written to the IPA and R3, the insolvency practitioners’ trade association, expressing its concerns, as the representative body for Bury’s and all other English clubs’ affiliated supporters’ trusts and groups. R3 responded by making clear it does not have regulatory authority. An FSA spokesman welcomed the IPA’s announcement, saying: “We have been in direct contact with the IPA today, and we feel assured that this will be a thorough investigation, as the insolvency of a football club requires.” The EFL on Thursday confirmed to Bury that it would not reconsider the expulsion. The club said: “This is something we are struggling to comprehend as the new bidder has proven significant funds to the EFL, funds to allow them to takeover, run and secure the long-term future of Bury.” Frith described it as a “striking blow” said in a tweet: “We’ll up the ante now with Parliamentary & legal action.” The Guardian has learned that the new bidder named in the letter sent to the EFL on Wednesday is a Brazilian pastor called Gustavo Ferreira. Link to comment Share on other sites More sharing options...
Gorka Posted August 31, 2019 Report Share Posted August 31, 2019 THE JACKS ARE GOING UP Link to comment Share on other sites More sharing options...
Admin Lineker Posted September 4, 2019 Admin Report Share Posted September 4, 2019 Quote Hull City defender Angus MacDonald has been diagnosed with the early stages of bowel cancer. The Championship side said that the 26-year-old's "physical and mental wellbeing are our number one priority at this moment in time". "Angus has shown great strength of character in the way he has reacted to this news," they said in a statement. "The whole Tigers family join together in showing Angus continued love and will support him in his recovery." MacDonald missed almost all of last season after being diagnosed with deep vein thrombosis in November 2018. The centre-half, who started his career with Reading and joined Hull from Barnsley in January 2018, previously suffered from a blood clot on the lung at the age of 15, but made a full recovery. Link to comment Share on other sites More sharing options...
Admin Lineker Posted September 6, 2019 Admin Report Share Posted September 6, 2019 Sheffield Wednesday have announced the appointment of Garry Monk as the club’s new manager. 1 Link to comment Share on other sites More sharing options...
MDK Posted September 7, 2019 Report Share Posted September 7, 2019 12 hours ago, Lineker said: Sheffield Wednesday have announced the appointment of Garry Monk as the club’s new manager. 1 3 Link to comment Share on other sites More sharing options...
Bobfoc Posted September 9, 2019 Report Share Posted September 9, 2019 The Cowleys have joined Huddersfield. Bit of a shame for Lincoln, but they've earned their shot at a bigger club. Link to comment Share on other sites More sharing options...
FLiam Posted September 19, 2019 Report Share Posted September 19, 2019 Lewis Holtby is reportedly in talks to join Blackburn Rovers. Link to comment Share on other sites More sharing options...
Admin Lineker Posted September 25, 2019 Admin Report Share Posted September 25, 2019 AFC Wimbledon manager Wally Downes has been suspended by the League One club after he was charged by the Football Association over bets placed on games. Link to comment Share on other sites More sharing options...
lanky316 Posted September 25, 2019 Report Share Posted September 25, 2019 Manager getting caught out for that? What a wally. Link to comment Share on other sites More sharing options...
Baddar Posted September 25, 2019 Report Share Posted September 25, 2019 No wonder I can't win a BTTS bet. The twat has bet on the opposite. Link to comment Share on other sites More sharing options...
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