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Colesman Ballz

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According to reports the potenial buyers are a little miffed with the EFL for given them such a short deadline to complete the deal what with the Bank Holiday etc, Are they serious? They come in at 10pm Friday evening to submit a plan, Every man and his mothers knows the plight of Bury, If they had been so worried then surely they'd come in with a bid earlier? I know they probably thought "Late bid, Better price" but that's not the EFL's fault, If you're serious then you should have at least money in place to prove funds
Think you may be putting the blame in the wrong place here DB. I believe that the buyers in question first approached the EFL earlier in the week and have already provided proof of funds. They are after extra time for their due diligence, this of course relies on Mr Dale being open and honest and providing the necessary access. All this opening the box office and getting fans to clean the stadium, is not coming from the prospective buyers, but from the Club, ie Dale trying to push the sale through. Even the CVA has question marks over it. It was organised by solictors with allegedly a less than spotless record and may have been carried with votes that Dale has control over and may or may not be a vehicle for him recovering 25% for himself on top of the sale price. This is very much a "buyer beware" situation, and personally I wouldn't touch it with the proverbial barge pole. The chances of them discovering a few nasties and walking away is still very much on the cards imho.
 

SEA Grecian

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The thing is all the clubs you mention are privately owned businesses, If an owner wants to pump their own money in that's up to them, If they screw up then like any other business they go under, People will lose out they always do. While us fans have a connection with a club those that run them are just business men, They don't really care
And this is the central issue and dilemma. The fit and proper person test may be pretty useless but it is at least a nod to the fact that football clubs are not ordinary businesses who can be owned by just anyone. However, as you say, the reality is that the clubs are privately owned businesses and the owners are allowed to run them as they please. Then, when a club looks like going bust we suddenly realise they are not just any other business and shouldn't be allowed to just go bankrupt.
 

Stelios

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According to reports the potenial buyers are a little miffed with the EFL for given them such a short deadline to complete the deal what with the Bank Holiday etc, Are they serious? They come in at 10pm Friday evening to submit a plan, Every man and his mothers knows the plight of Bury, If they had been so worried then surely they'd come in with a bid earlier? I know they probably thought "Late bid, Better price" but that's not the EFL's fault, If you're serious then you should have at least money in place to prove funds
The potential buyers are C&N Sporting Risk ("Experts in predictive modelling in professional sporting industries"). Co-founded by Rory Campbell. Son of ex-Labour spin doctor Alastair Campbell.

Let's hope they're not preparing a "dodgy dossier" ..............
 

DB9

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And this is the central issue and dilemma. The fit and proper person test may be pretty useless but it is at least a nod to the fact that football clubs are not ordinary businesses who can be owned by just anyone. However, as you say, the reality is that the clubs are privately owned businesses and the owners are allowed to run them as they please. Then, when a club looks like going bust we suddenly realise they are not just any other business and shouldn't be allowed to just go bankrupt.
The "No Ordinary Business" does work the other way too, Let's not forget everytime a club goes into admin/CVA a lot of local suppliers and businesses lose a hell of a lot of money and possibly jobs while those within football are able to get back all they are owed, So when people say the football club is part of the community, If things go pear shaped it is the local community/Businesses who suffer and while a "New" club is reborn those businesses have to live with not getting paid or a tiny % of what they are owed
 

DB9

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The potential buyers are C&N Sporting Risk ("Experts in predictive modelling in professional sporting industries"). Co-founded by Rory Campbell. Son of ex-Labour spin doctor Alastair Campbell.

Let's hope they're not preparing a "dodgy dossier" ..............
With "Shady" people in the background, I must be old fashioned and get very suspicious with companies that are "Sporting Risk" or "Venture Capitalists" again its faceless money people who are really not interested in the footballing side
 

Oldsmobile-88

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In RaWZ we trust....Amen.

Another clusterfkcu in the making by the look of it !!

The attraction is getting Burys EFL share(TV monies,sponsorship etc)

Yep,bound to pass the EFL ‘Good & Proper’ owner test or whatever it’s called..:D
 

DB9

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The "No Ordinary Business" does work the other way too, Let's not forget everytime a club goes into admin/CVA a lot of local suppliers and businesses lose a hell of a lot of money and possibly jobs while those within football are able to get back all they are owed, So when people say the football club is part of the community, If things go pear shaped it is the local community/Businesses who suffer and while a "New" club is reborn those businesses have to live with not getting paid or a tiny % of what they are owed
And I'm afraid our dear old club is just as guilty, When we went tits up and had to enter a CVA I'm sure there were local businesses who didn't get all there money back. We now look at our club with pride but at the start of this journey there was a hell of a lot of good will by local creditors for us to be able to get a CVA in the first place, No wonder people didn't want to touch us, It has taken a lot of hard work with those within the club to turn around our fortunes but i still don't think we are 100% there yet with the local business community
 

Colesman Ballz

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If I were Steve Dale, right now, I would be at Manchester Airport waiting for a flight as far away as possible !
 

Andy_H

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Just been announced on BBC News that Bury's membership of EFL has been withdrawn.

Being Bury born it's sad but, an example must be made if for no other reason than to bring clubs into the real world of living within your means.
 

IndoMike

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If you buy a club for £1 you know there is something seriously wrong. Clearly the previous owners had run the club into the ground and/or gained some financial advantage.
Dale must have known something was up yet has blamed all and sundry except himself.
I guess the key is who owns Giggs Lane and any other Bury property and whether those assets have somehow been separated from Bury FC's assets and become the private property of a person who can profit from them.
The fact is as we have all said that the Football League has failed in its self -assigned duty to conduct fit and proper tests and Bury fans should due the League for incompetence / malpractice.
 

IndoMike

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The disrespect shown to the club, the employees, the fans, the local community and the traditions and history by these incompetent/ rogue owners who operate on greed and nothing else deserves punishment.
We think our legal system is so good but how often do we see the elite, dodgy businessmen et al get away with blue murder.
 
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