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League 2 News

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Colesman Ballz

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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.
I gather that Bury own Gigg Lane, but that previous owner Day, may have taken out substantial loans against it, you can probably find them listed on the Companies House website. Think that the Local Council should start the process of listing it as an Asset of Community Value first thing in the morning, that's if they haven't done so already !
 

Spoonz Red E

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I gather that Bury own Gigg Lane, but that previous owner Day, may have taken out substantial loans against it, you can probably find them listed on the Companies House website. Think that the Local Council should start the process of listing it as an Asset of Community Value first thing in the morning, that's if they haven't done so already !
Not only did Steve Day take out loans against Gigg Lane (at 138% annual interest!) from a dodgy loan company but there has been massive further borrowing secured against Gigg Lane since Steve Dale took over. There's a mystery behind who exactly the latest lenders are why 40% commission payments have been made to goodness knows who for goodness knows what.
 

Colesman Ballz

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Not only did Steve Day take out loans against Gigg Lane (at 138% annual interest!) from a dodgy loan company but there has been massive further borrowing secured against Gigg Lane since Steve Dale took over. There's a mystery behind who exactly the latest lenders are why 40% commission payments have been made to goodness knows who for goodness knows what.
With the likes of Local MPs and Andy Burnham weighing in, one can only hope it will be possible for the fraud squad to thoroughly investigate the whole murky cesspool created by these barstewards and for them to ultimately get their comeuppance .
 

IndoMike

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I gather that Bury own Gigg Lane, but that previous owner Day, may have taken out substantial loans against it, you can probably find them listed on the Companies House website. Think that the Local Council should start the process of listing it as an Asset of Community Value first thing in the morning, that's if they haven't done so already !
Not only did Steve Day take out loans against Gigg Lane (at 138% annual interest!) from a dodgy loan company but there has been massive further borrowing secured against Gigg Lane since Steve Dale took over. There's a mystery behind who exactly the latest lenders are why 40% commission payments have been made to goodness knows who for goodness knows what.
Apparently Bury FC is owned by a company whose owner/figurehead is the partner of Dale's daughter. (Source: TalkSport).
 

IndoMike

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Not only did Steve Day take out loans against Gigg Lane (at 138% annual interest!) from a dodgy loan company but there has been massive further borrowing secured against Gigg Lane since Steve Dale took over. There's a mystery behind who exactly the latest lenders are why 40% commission payments have been made to goodness knows who for goodness knows what.
Yes. Dale is rightly taking a whole load of stick, but nobody (except the Guardian) seems to be pointing the finger at Day, who started the whole sordid process.
 

IndoMike

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With the likes of Local MPs and Andy Burnham weighing in, one can only hope it will be possible for the fraud squad to thoroughly investigate the whole murky cesspool created by these barstewards and for them to ultimately get their comeuppance .
Lock them up. Greedy Kants.
 

IndoMike

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Apparently in the Championship 106% of revenue is spent on wages.
Sunderland, on the other hand, are still living off parachute payments.
 

IndoMike

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The Football League rules state that within 10 days of taking over a league football club the new owners must produce proof of funds.
Dale took over Bury in August 2018 and hasn't yet produced the proof of funds a year later. Harvey : where were you? In Thailand? In Portugal?
Apparently the Serious Fraud Squad have been called in now to deal with all of this.
43 of 51 companies that Dale has been associated with were liquidated.
 
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denzel

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The EFL statement confirms that three will be relegated from League One but says that decisions on the implications on League Two won't be made until next month.
Maybe they are waiting for Bolton. I would imagine if they went it would not be in the interests of the league to have no relegation and a sensible compromise would be one down and three up from the National League
 

IndoMike

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It's quite simple. Three go down from Lg 1, 4 go up from Lg 2, 2 go down from Lg 2 and 3 go up from Nat Lg. In that way no other team is impacted. A child of 5 can work that out. However, I'm sure the Football League can make a meal of that as well
 
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