I appreciate this might be a bit ‘too soon’ (not that I have any great sympathy for either club), but if Bury and Bolton were to be kicked out of the league, it would be kind of helpful for us in terms of the fixture list. Every game against those two sides falls on a Tuesday for us this season (with the exception of Bolton at home on the final day). Long midweek trips usefully avoided.
League 1 - Bolton, Bury & Coventry
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I was actually going to post exactly that same passage, Wallop!
As more and more comes out, it's clear that Bury's owners (both Dale and those before him) have done dodgy deal after dodgy deal after dodgy deal to raise temporary capital - and the prospective owners, who clearly know what they're doing, are not about to put themselves on the line to unravel it all. That final sentence is a clear dig at the EFL and how they've been completely asleep at the wheel when it comes to financial oversight of its members.
Bury are clearly gone now - and the only hope is that this shambles may force the EFL to wake up and do its job in the future.
Haven't heard anything more from Bolton, but at the last, it sounds like a miracle is going to be needed to stop them following.
As more and more comes out, it's clear that Bury's owners (both Dale and those before him) have done dodgy deal after dodgy deal after dodgy deal to raise temporary capital - and the prospective owners, who clearly know what they're doing, are not about to put themselves on the line to unravel it all. That final sentence is a clear dig at the EFL and how they've been completely asleep at the wheel when it comes to financial oversight of its members.
Bury are clearly gone now - and the only hope is that this shambles may force the EFL to wake up and do its job in the future.
Haven't heard anything more from Bolton, but at the last, it sounds like a miracle is going to be needed to stop them following.
Gary Baldi
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And there is this one, that I will spoiler for the weak of heart
Gary Baldi
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It sounds like Anderson is the blocker on Bolton too.
Being straight. If Bury was a such a loved club locally, why are their attendances so poor? Have they been punching above their weight due to profligacy from various owners?
S
Steve Gilbert
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This is a very very dark day for English football and the EFL as an organisation that runs the football league. They have massively messed up here.
I heard today some football clubs spend 106% of their revenue on player wages alone. That is just not sustainable and I expect more and more clubs will die over the next 5 years.
It made me think too about our income and say our wage bill is between 2-3 million quid per season. Do we make enough to cover that money and more or are we one of those clubs that is paying way above our means?
I heard today some football clubs spend 106% of their revenue on player wages alone. That is just not sustainable and I expect more and more clubs will die over the next 5 years.
It made me think too about our income and say our wage bill is between 2-3 million quid per season. Do we make enough to cover that money and more or are we one of those clubs that is paying way above our means?
If that is correct for EFL clubs, how can it be as FFP says 60% (from memory). Or have the EFL not been aware of this/bothered to look.
That's what comes with supporting these big clubs. To save you a journey, you'd be wasting your time with that plan - unless you already have an account, it isn't happening.Christ...anyone would trying to think im trying to buy tickets to El Classico
Im thinking my only other option is to go to the ticket office on match day and give a random OX postcode.... What if you're just randomly in the area one day and fancy watching the football but don't live in Oxford... seems a ludicrous system
bazzer9461
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And I thought it was 65% of earnings for L1/2 and 60% for the championship and premiership that’s FFP, but @Steve Gilbert if that’s true what you’re saying you heard them the FA have to come investigate and take the appropriate action and let it be a lesson learned no matter how severe the punishment.
holdsteady
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Anything official been announced yet or are the EFL still in a meeting about this?
EFL statement is due later this evening.
With 3 or 4 bidders in for Bury and 2 bidders talking to Bolton admin, I suspect the can has a little further to travel down the road before we wave goodbye to either club.
S
Steve Gilbert
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The problem comes that there are too many loop holes in the system where by clubs can get around financial fair play for example having club staff on the payroll of their other business's, "donations" from sponsors (usually linked to the owner. This is all well and good when the owner is happy but once they get bored then they transfer the debt onto the club which means their finances are a lot worse than initially thought. Look at how Bury got around FFP by securing loan after loan against a number of assets.
holdsteady
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Trouble is any nutter can make a bid for a club, it’s hard to see why these people waited so long to make a bid if they are serious groups/individuals. I reckon these will just turn out to be chancers/fundless etc and we will end up in the same position a few weeks ago if they don’t remove them now.
They can’t allow either club to play while this is ongoing?
The statement from the company that was going to take over Bury today seems pretty damning. Following their due diligence, it seems pretty clear the club is absolutely riddled with debt, debt that any new owner would have to immediately (or at least in the very near future) pay off. That represents an immediate massive sunk cost. Why on earth would anyone take over a business in such a position?
OX18
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I never considered C&N ever had the capital to complete, the local rag was reporting that they pulled out as they found a 'hidden' debt of £2.5m
So they find this debt in a matter of days but the EFL hadn’t discovered it in the past few months........who regulates the EFL’s performance?
Gary Baldi
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Why did the Neville's & Co put all that money into Salford when Bury is their local club? Regardless, it's a sorry affair and late bids are only going to compromise the league while they are concluded, or not. The debt isn't going away, Dale is quite clear about that and why would anyone put millions into Bury when they can start again lower down for less money?
Bolton deal with Football Ventures virtually done according to Nixon at the Sun:
www.thesun.co.uk
Latest as Bolton are SAVED but Bury are kicked out of Football League
BURY have been EXPELLED from the Football League as Bolton Wanderers continue to fight for their survival. The League One clubs had been given until 5pm on Tuesday to find new ownership and prove f…
www.thesun.co.uk
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