Defies belief that this could happen really with, as you say, all the money around in football nowadays.
Sad.
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Sad.
Dale is an absolute charlatan. 8 of the last 10 businesses that he has purchased have been liquidated. The EFL did absolutely no background check on him when they okayed the purchase.
I guess Bury has to have a bit of the blame for mishandling their finances to begin with, but everyone that has seemingly offered to help (good intentions or not) since have fucked them over it seems. Dale by being a lying cunt, the EFL for not double checking on who they greenlit to purchase the club.
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It's a real sad state of affairs for one of the oldest clubs in football...
When you have the likes of "MADE-UP MK DONS" thriving, they shouldn't even exist... and yet traditional, historic clubs with GENERATIONS of fans are left to wonder if they'll even have a club tomorrow night.
I do wonder whether, like Bolton at the moment, and Accrington Stanley in years gone by, the North West just can't sustain the so called 'smaller clubs' who are now really are suffering from the two LEVIATHONS in Manchester...
Let's face it, if Utd didn't already have the bulk of the Manchester area support, City have now hoovered up every last scrap, by enticing 'new fans' who otherwise MAY have supported the likes of Bury, Bolton or Accrington Stanley...
that includes people willing to invest as well... they look at the two glamour clubs down the road, and know their paltry investment, by comparison, will probably be lost in a sea of overheads and lost revenue.
Its just no longer viuable...
I suspect a similar fate could also affect smaller London clubs in years to come... you've just gotta look at the mess Leyton Orient were in not long ago to see ho w easily it can happen.
When you have the likes of "MADE-UP MK DONS" thriving, they shouldn't even exist... and yet traditional, historic clubs with GENERATIONS of fans are left to wonder if they'll even have a club tomorrow night.
I do wonder whether, like Bolton at the moment, and Accrington Stanley in years gone by, the North West just can't sustain the so called 'smaller clubs' who are now really are suffering from the two LEVIATHONS in Manchester...
Let's face it, if Utd didn't already have the bulk of the Manchester area support, City have now hoovered up every last scrap, by enticing 'new fans' who otherwise MAY have supported the likes of Bury, Bolton or Accrington Stanley...
that includes people willing to invest as well... they look at the two glamour clubs down the road, and know their paltry investment, by comparison, will probably be lost in a sea of overheads and lost revenue.
Its just no longer viuable...
I suspect a similar fate could also affect smaller London clubs in years to come... you've just gotta look at the mess Leyton Orient were in not long ago to see ho w easily it can happen.
The problem is... "All the money around in football" ISN'T going* AROUND to ALL THE CLUBS IN FOOTBALL....
It's very different!
*...most of it is going on Man City's players wages & agents fees I imagine!!
In an ideal world the FA would step in an ensure that a club can recover their finances or help with owner disputes like this.
But we are probably moving more towards the bigger clubs scooping up these smaller clubs and turning them in to feeder clubs. For example let's say that Spurs/ENIC go in and put money in to Orient to ensure that they are financially stable (but not a powerhouse that can climb all the way to the prem.) and in return Orient take on a couple of Spurs players per season that are in need of playing time.
Bit of an adaptation of the US sports farmer system.
The PL and FA are different entities, I don't think the PL give a toss about Bury to be honest.
The two bodies do have the same interests in relation to the success of English football but the Premier League is only concerned with the top flight of the professional game ,whereas the FA is concerned with all levels of the game, professional and amateur.
Does the FA Premier League have power over the Football Association - InBrief.co.uk
Does the Football Association have power of the Premier League in the decisions that either body makes, The FA, main role of the FA, the FA Premier League, main role of the FA Premier League, interaction between the two, balancing act, when can they come into conflict, potential effects of the...
www.inbrief.co.uk
In the old days it used to disappear into a oblivion. These days a new club is set up and they join a local league and try and work their way up the divisions.
Call it The Woolwich
Talking from experience when my local club Hereford United died late in 2014, the record of games played that season was expunged, meaning any points gained by other teams against Hereford were lost, and every week one team didn't have a game to play.
Then a few individuals worked in conjunction with the Hereford United Supporters Trust (HUST) to set the wheels in motion to form a new club. for the following season, 2015/16. Prior to this, in the summer of 2014 Hereford had been kicked out of the National League Premier and had to drop two divisions to the Southern League Premier, due to not being able to satisfy the National League board that they had the necessary finance in place to complete the season. Because Hereford were in the Southern League Premier (tier 7 of the football pyramid) when going bust, the reformed club had to drop even further, to the Midland Premier, tier 9 of the pyramid. This is because the FA have a rule that all reformed clubs have to start at least 2 levels below where they were when they went bang. Effectively Hereford got relegated 4 divisions in little over a year.
The huge support for that level meant that Hereford were far greater than all the clubs at their new level, and achieved 3 promotions in three years, before eventually levelling out in the National League North (level 6). A lot of fans believe they have a divine right to go up again, but this is a really competitive league and I can't see Hereford getting out of it for some time, but at least there's still a club playing in the same stadium, in the same colours, with nearly the same name (the new club doesn't have "United" in its name).
I hope that Bury can do something similar, but my mate who is a Bury fan has fears that a phoenix club might not even be able to play in the town of Bury. Their stadium is currently owned by a company that does bridging loans, and the stadium is on prime development land. If the club goes bust, there's a possibility that it'll get sold off to a developer, rather than kept as a football stadium. Their supporters trust is in negotiations with this company, and apparently talks have gone ok, but I feel he's probably stringing them along.
If they can't get their stadium back then they'd have to groundshare with a smaller club in a neighbouring town, but that would likely see support drop off, and that's usually the difference that helps these clubs climb up through the lower leagues. They could end up doing a Scarborough, who played in Bridlington for 10 years, and never saw the kind of progress usually enjoyed by phoenix clubs.
I think their best bet is that somehow they're saved and somebody turns their fortunes around, but it's looking very very unlikely now
The PL and FA are different entities, I don't think the PL give a toss about Bury to be honest.
The two bodies do have the same interests in relation to the success of English football but the Premier League is only concerned with the top flight of the professional game ,whereas the FA is concerned with all levels of the game, professional and amateur.
Does the FA Premier League have power over the Football Association - InBrief.co.uk
Does the Football Association have power of the Premier League in the decisions that either body makes, The FA, main role of the FA, the FA Premier League, main role of the FA Premier League, interaction between the two, balancing act, when can they come into conflict, potential effects of the...
I didn't say the PL needed to do anything, I said the FA should. The only reason I mentioned the PL is because despite being separate it is a major funding source for the FA.
To be honest it doesn't matter where the funding comes from. The FA had an income of £375m in 2017/18 so they should easily be able to set aside a pot to ensure that people get paid.
Investment schemes run by former Bury FC chairman collapse; administrator predicts total losses for investors
Mederco, headed by Stewart Day, operated a number of unregulated property investment schemes. In one, Mederco built out 160 flats in Appleton Point, Bradford, and sold the flats to a wider number o…
Former Bury FC chairman's empire goes under - owing £27million
LARGE parts of a former Bury FC chairman's empire have crumbled into dust - with more than £27 million owed to creditors.www.burytimes.co.uk
Looks like the former chairman has a lot to answer for with a number of investment schemes going bust, including Bury FC in various capacities
The former Chairman Stewart Day, who seemed to have involved Bury Football Club in as some sort of capacity into a number of his property investment deals, many of which have gone bust (see media links above) which I suspect would have put Bury's future into doubt - nothing to do with football just (Possibly dodgy) property businesses which the Financial Conduct Authority seem to be being asked to investigate.
In late 2018 he then 'sold' Bury Football Club to the current Chairman Steve Dale, who has a number of liquidated companies in his past, and made a few 'interesting' business decisions such as taking out loans in Bury's name but paying 40% 'commissions' ‘We never got that money’: the inside story of Bury’s road to financial ruin and no doubt a few other things.
So all this is well beyond a football scandal.
To me the real problem started when the last set of Bury Football Club's accounts dated May 2017 showed it was running at a £2m pa loss and had negative assets (ie creditors exceeded assets) of £500k.
The EFL should be mandated to require the club and its owners to state within 30 days (or some short time) when and how they will remedy the issue. That way it stays a football problem where the finances are manageable.
Equally the EFL need to have far stronger rules on owners - and decline to accept owners who are not 'fit and proper' with any such owners bound to donate any ownership into an EFL trust with independent Directors to run the club until new owners for Bury who are 'fit and proper' come forward.
If necessary it becomes a 'strong arm' exercise to take control of the club - just as strong tactics were needed to wrest control of Liverpool away from Gilette and his mate just a few years ago..
Until EFL are forced to take on the responsibilities of a serious regulator there will be more Bury's….sadly.
The backdoor route to having b teams...
What an absolute Cunt.