THE CONCRETE ROUNDABOUT (TCR)

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 Post subject: Bury
PostPosted: Wed Jun 19, 2019 10:14 am 
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So a judge has adjourned their winding up order for another six weeks.

As it stands from what I've read the club owes millions, they have no manager, no kit supplier, owe all of their player's wages from February onwards and will have a severely depleted squad when lots of their current contracts run out on 1st July. Obviously nobody would sign for the club given the financial situation and existing players won't renew their deals to play for free. They are back in court a matter of days before the new season starts.

Realistically have they got a chance of sorting this situation out? What's the likely outcome for all of this?

I would have thought the club would have gone into administration by now and been deducted points like Bolton..


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 Post subject: Re: Bury
PostPosted: Wed Jun 19, 2019 10:35 am 
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You should read the Chairman's statement. He seems somewhat deluded:

https://www.buryfc.co.uk/news/2019/may/ ... -chairman/

I did read something somewhere that some fans were trying to force the club into administration. I can see why the Chairman wants to avoid it but it seems inevitable. It will be difficult to be relegated next season with two clubs twelve points down.


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 Post subject: Re: Bury
PostPosted: Wed Jun 19, 2019 11:32 am 
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Don Direction wrote:
You should read the Chairman's statement. He seems somewhat deluded:

https://www.buryfc.co.uk/news/2019/may/ ... -chairman/

I did read something somewhere that some fans were trying to force the club into administration. I can see why the Chairman wants to avoid it but it seems inevitable. It will be difficult to be relegated next season with two clubs twelve points down.


What you mean is - there are likely to be two fewer clubs challenging for promotion.


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 Post subject: Re: Bury
PostPosted: Wed Jun 19, 2019 1:24 pm 
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Posts: 2952
dons50 wrote:
Don Direction wrote:
You should read the Chairman's statement. He seems somewhat deluded:

https://www.buryfc.co.uk/news/2019/may/ ... -chairman/

I did read something somewhere that some fans were trying to force the club into administration. I can see why the Chairman wants to avoid it but it seems inevitable. It will be difficult to be relegated next season with two clubs twelve points down.


What you mean is - there are likely to be two fewer clubs challenging for promotion.



And if we don't go up by Christmas then TUT


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 Post subject: Re: Bury
PostPosted: Thu Jun 20, 2019 7:02 pm 
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Joined: Sat Sep 30, 2017 1:47 pm
Posts: 201
Didn’t we have them 1st game last season


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 Post subject: Re: Bury
PostPosted: Thu Jun 20, 2019 8:55 pm 
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Mk59don wrote:
Didn’t we have them 1st game last season

That was Oldham, they were our first home game though

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 Post subject: Re: Bury
PostPosted: Fri Jun 21, 2019 6:50 am 
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Posts: 680
Should for whatever reason they die before the season begins, what happens? Does our league have 23?


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 Post subject: Re: Bury
PostPosted: Fri Jun 21, 2019 7:17 am 
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SteelbackDon wrote:
Should for whatever reason they die before the season begins, what happens? Does our league have 23?

Yes.

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 Post subject: Re: Bury
PostPosted: Tue Jun 25, 2019 11:05 am 
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"Bury owner Steve Dale offers to settle some - but not all – of club’s debts
• Proposal to pay football creditors in full and 25% of other money
• Deal would avoid winding-up petition but not (12) points penalty"

https://www.theguardian.com/football/20 ... ts-penalty

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 Post subject: Re: Bury
PostPosted: Tue Jun 25, 2019 11:46 am 
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Posts: 5024
epdon wrote:
"Bury owner Steve Dale offers to settle some - but not all – of club’s debts
• Proposal to pay football creditors in full and 25% of other money
• Deal would avoid winding-up petition but not (12) points penalty"

https://www.theguardian.com/football/20 ... ts-penalty


How does the football world get away with the rule that football creditors get paid in preference to others? It’s outrageous.


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