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DangerousSausage

Bury

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Midnight is the EFL's deadline for Bury and things look extremely bleak for them. The EFL have stated that their ownership situation hasn't changed and that no takeover appears to be advanced. Their idiot chairman has insisted that he has the money to fund them yet also begged for 2.7 million on the radio. The EFL have suspended five matches and understandably have to act soon. It looks very bleak and my heart goes out to them.

In 2006 we nearly went out of the league, it famously went down to the last day. Our opposition on the final day happened to be Bury, who also had a (remote) chance of going down and needed a draw to be sure of survival. Kasper Schmeichel played for them on that day. The draw ultimately saw us both stay up, and at the end of the match the jubilant away fans were serenaded with a chant of "we're staying up with the Bury".

Fingers crossed something comes up for them and they can put this nightmare behind them.

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Bury have been given an extension. They have until Tuesday to get the takeover completed. Hopefully the nightmare is coming to an end.  

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It's awful to see any club in this situation, I am honestly very annoyed by the statement announced by the Football League.

They've done about as much as Steve Dale has, which is pretty much nothing. I am hoping the clown has or is selling the club, he seems very untrustworthy with what he says and the fact his players have been pretty polite about his character - I think it's safe to suggest he's a proper Muppet.

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it would be a shame to see bury fall victim to idiot owners that have ran them into the ground, only good thing i can see is the efl not punishing them further by not playing a game. i thought missing games resulted in being killed out the league so thank god that has not happened.

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Bury have until tomorrow, but the group trying to take them over have been trying for ten weeks already. Their finances are, shall we say, interesting.

And now Bolton's takeover has fallen through. They've been fielding a youth team and now also have until tomorrow to get it sorted. Sad times. https://www.bbc.com/sport/football/49473537

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I do think it's awful for fans when a club falls victim to mismanagement, in this case I do feel feel for Bury fans but at the same time I have little sympathy for Bolton.

Any club that runs up massive debts are playing with the dice and clubs future.

This isn't the case for Bury, they've tried to dig themselves out of it and found a brick wall with their chairman. I refuse to say his name, simply due to feeling he likes the media attention and headlines.

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It's not looking good for Bury, the deadline was 5PM today right? It does seem the FL is trying to help.

It would have been easier for them to be the mean party involved here.

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Bury's owner has forward three bids to the EFL. One is from Joseph Cala, who ruined Gateshead, another is apparently from none other than Norman Smurthwaite, who himself told the NEP that he CANNOT take over another EFL club as he still has a stake in Port Vale. The bloke is a complete timewaster and just wants to see his name in print. I also think it's unlikely that a serious bidder would wait until it's so late to unveil a bid and then get it over the line in 24 hours (as Dale has claimed).

So it's looking very, very bleak for Bury. Bids for them keep failing because their finances are a mess. Apparently Dale bought the club for a pound, and sold its debt of 7 million pounds to his son-in-law for 70,000. Under the CVA all creditors get 25% of the amount owed, so if that's true the chairman's son-in-law would receive 1.75 million. Not a bad return for an investment of 70,001 pounds! So it would stand to reason that he would hold out for his money, or else get it from the liquidator. Hence, bids for the club are failing.

There need to be much stricter rules regarding who can buy clubs, their ownership structure and protecting the ownership of football grounds. At the minute a League member of 125 years and a valuable community asset is being held to ransom by a bloke who paid a pound for it and there's nothing anyone can do about it.

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Has the Bury fans not tried to crowd fund money to gain ownership? Going into admin could save their club and give them a fresh start.

Not ideal I know, it is far from the worst scenario though.

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The club is having some luck and it seems the EFL are trying to salvage it from happening. It's all in the hands of potential buyers now, but the Bury chairman needs to be investigated.

Any owner who fails to run a football club properly should be.

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Historic club that might shake things up for the better if the worst happens to them. Nobody will want that to happen but it would make the media.

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Awful news. Feel for their fans, players and staff. 

EFL have blood on their hands. Too busy giving the the Premier League attention. Allowed frauds like Dale and Anderson to take over clubs despite their shady business before hand.

Football needs an independent regulator to be introduced.

Football also needs it's clubs and communities and Bury have been let down very badly. 

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I remember when Maidstone were expelled back in 1992. They started again and are now in National League South, they made it as far as the Conference but got relegated last season. There's no reason why Bury can't rise again and get back to the football league. They have a passionate fan base. The fans should take over and start things off on the right foot. They are plenty of clubs who can give them advice and support. Hereford and AFC Wimbledon are 2 I can think of off the top of my head. Bury played the 5th most league games in the history of the football league. It is a sad day but the future can be bright. 

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Luckily Bolton have been taken over and are out of the woods. I hope their new owners are serious, I really don't want to be starting threads about them a few months from now.

Awful news about Bury last night.  Taken over by a shyster and the EFL unable (or unwilling) to prevent him holding a famous club to ransom. Doubly galling to see them gone with plastic crap like MK Dons and Salford still in the League, but that's by the by.

Apparently there was a new 7 million bid from a Brazilian company at the eleventh hour, but I'm highly sceptical about it. That club has been like a magnet for shysters and tyre-kickers. Apparently the company is called SJ Global and is worth USD 500 million. The only SJ Global I could find is a "private investment company" with the kind of stub website familiar to those of us who followed the Munto/QADBAK saga closely. There's probably a good reason why the other bid was preferred, but the club was in such a financial state (I read that they're paying 15,000 a week just on mortgage payments for their ground!) that it's best focusing on starting again. And then the top priority will be to pull out all the stops to get their ground back.

All my good wishes and solidarity goes to the Bury fans. Hopefully you'll be back soon.

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It's awful, I agree to think that a team as old as Bury has been expelled from the Football League but it isn't lights off for them just yet.

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Its not good news at all for bury and if they get back on their feet having to start again in non league isnt fair.

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So sad to see Bury go, I never realised they had won the FA cup or used to be the biggest club near Manchester. :( 

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40 minutes ago, Joshua said:

So sad to see Bury go, I never realised they had won the FA cup or used to be the biggest club near Manchester. :( 

Their FA cup win isn't something I like being reminded of @Joshua but I don't wish their present predicament on their fans.I saw  my lot beat them at Gigg Lane about 50 years ago in Division 2 (Championship)

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