Bury's new financial trouble?

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11 Jul 2019 20:32 #101 by Arnyt2
Replied by Arnyt2 on topic Bury's new financial trouble?
so why havent. we been looking at some .not far to travel .or dh cant be f bothered .was some good players there last season .

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11 Jul 2019 21:06 #102 by seesaw50
Replied by seesaw50 on topic Bury's new financial trouble?
Most have already gone elsewhere.....not sure why any have stayed tbh
How much is the payment due from the EFL....where will that go
Surely they have to go into administration if debts bigger than assets

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11 Jul 2019 21:14 #103 by Tom
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I’ve told one of their player’s lasses to request to try out for us. Might have mentioned this before.

The player not the lass by the way.

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11 Jul 2019 21:25 #104 by RagingBlue
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Tom wrote: I’ve told one of their player’s lasses to request to try out for us. Might have mentioned this before.

The player not the lass by the way.


You're going to have to elaborate on this / rewrite this one..

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11 Jul 2019 22:13 #105 by Markovitch
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I'll give her a trial

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11 Jul 2019 22:37 #106 by Tom
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I’m not sure I do to be honest

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11 Jul 2019 22:50 - 11 Jul 2019 22:51 #107 by seesaw50
Replied by seesaw50 on topic Bury's new financial trouble?
It appears the takeover for £1 has not been done properly according to EFL rules...surprise surprise. Not sure if the current owner knew the former owner but hes been seen off.
Loans raised against the ground by the former owner.....ring any bells?
Another famous old club ruined

Best be careful what we wish for eh!

Source: Guardian article

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11 Jul 2019 23:29 #108 by munchymagic
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"Best be careful what we wish for eh!"

Bollocks to that - we are probably 5m in the shite and the people who put that money in want it back....

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18 Jul 2019 14:54 - 18 Jul 2019 14:56 #109 by CCU
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Win or Lose, Up The Blues!
Last edit: 18 Jul 2019 14:56 by CCU.

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25 Jul 2019 17:44 #110 by CCU
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Win or Lose, Up The Blues!

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25 Jul 2019 17:50 #111 by Dazwacky
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Ooof have you seen that CVA agreement be surprised if that can be kept too!! Like Giigg Lane too but fear the worst if I'm honest!

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25 Jul 2019 20:42 #112 by flumeblue
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I hope the players Agents are ok

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29 Jul 2019 12:59 #113 by carwash
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I see CUOSC is throwing its two pennyworth in on the Bury situation in the latest CUOSC briefing. In what can only be described as an opinion piece worthy of Richard Littlejohn there is the irony of ironies when the writer says "but the potential farce of a team of youth players and cobbled together free agents trying to play at League 1 level is entirely avoidable." Yes the give away is League 1 and CUOSC is talking about Bury not ourselves. Who authorises the rubbish often read now in these CUOSC briefings?
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29 Jul 2019 22:07 #114 by CCU
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29 Jul 2019 22:23 #115 by munchymagic
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Interesting.

If Bury did fold then the best solution in my eyes is three down from League one and three up from the Conference instead of two to make up the numbers.

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29 Jul 2019 22:28 #116 by CCU
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munchymagic wrote: Interesting.

If Bury did fold then the best solution in my eyes is three down from League one and three up from the Conference instead of two to make up the numbers.


I think that’s pretty much what happens from memory, with a knock-on down the pyramid...

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30 Jul 2019 14:52 #117 by Wukkie
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All change is coming anyhow in a couple of years when they're trying to get each division down to 20 teams or split the FL three divisions into four and the introduction of the dreaded U-21 teams.

I'm sure I read that it was in the plans Months back. Maybe shelved now that Harvey has gone.

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30 Jul 2019 16:16 #118 by Waltero
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Don't count on that Wukkie Nixon's still involved

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30 Jul 2019 17:27 #119 by seesaw50
Replied by seesaw50 on topic Bury's new financial trouble?
Wonder if any fraud case will be brought against the former owner, not the current bloke, as there seems to have been a deal of jiggery pokery going on prior to the £1 sale.

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30 Jul 2019 18:44 #120 by CCU
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Win or Lose, Up The Blues!

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31 Jul 2019 10:55 #121 by orfc
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As long as we keep our heads down and quietly get on with it, there shouldn't be an issue...

Oh.

www.sportinglife.com/football/news/bolto...d-be-banished/169620

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31 Jul 2019 13:30 #122 by pacirv
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I thought Bury weren't able to fulfil their first league game on Sat and yet they played a friendly game last night?

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31 Jul 2019 13:31 #123 by munchymagic
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orfc wrote: As long as we keep our heads down and quietly get on with it, there shouldn't be an issue...

Oh.

www.sportinglife.com/football/news/bolto...d-be-banished/169620


I find it really unsavoury when managers do that sort of thing, was there any need for Pressley to say that?

If I was a Bolton or Bury fan I would be saying who the [censored] do Carlisle and their manager think they are - so well run that they owe circa 5m and the ground is covered in bird shit.

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31 Jul 2019 14:15 #124 by Zenon
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munchymagic wrote:

orfc wrote: As long as we keep our heads down and quietly get on with it, there shouldn't be an issue...

Oh.

www.sportinglife.com/football/news/bolto...d-be-banished/169620


I find it really unsavoury when managers do that sort of thing, was there any need for Pressley to say that?

If I was a Bolton or Bury fan I would be saying who the [censored] do Carlisle and their manager think they are - so well run that they owe circa 5m and the ground is covered in bird shit.


None whatsoever - but CFM and the Sporting Life missed a trick by not going to Nixon for his view on the EFL and his manager’s comments.
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31 Jul 2019 14:28 #125 by bluestblue
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munchymagic wrote:

orfc wrote: As long as we keep our heads down and quietly get on with it, there shouldn't be an issue...

Oh.

www.sportinglife.com/football/news/bolto...d-be-banished/169620


I find it really unsavoury when managers do that sort of thing, was there any need for Pressley to say that?

If I was a Bolton or Bury fan I would be saying who the [censored] do Carlisle and their manager think they are - so well run that they owe circa 5m and the ground is covered in bird shit.


Pressley's quite right.

It's unfair to clubs that try to stay solvent and within the rules. Clubs overspend, go bust effectively and at worst, only get a slap on the wrist with a points deduction. Knowing that if it goes tits up, they would be thrown out of the EFL would clarify their thinking.

The Financial Fair Play appears to be a joke as well, but that's another subject.
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31 Jul 2019 14:32 #126 by Waltero
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With comments like that Elvis has dropped even lower in my estimation. Instead of gobbing off about other teams he should be sorting out his own clubs problems by getting us a viable starting eleven. If I was a Bury or Bolton fan I'd be bombing up the M6 on Saturday and giving him grief from the Paddock
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31 Jul 2019 14:43 #127 by munchymagic
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bluestblue wrote:

munchymagic wrote:

orfc wrote: As long as we keep our heads down and quietly get on with it, there shouldn't be an issue...

Oh.

www.sportinglife.com/football/news/bolto...d-be-banished/169620


I find it really unsavoury when managers do that sort of thing, was there any need for Pressley to say that?

If I was a Bolton or Bury fan I would be saying who the [censored] do Carlisle and their manager think they are - so well run that they owe circa 5m and the ground is covered in bird shit.


Pressley's quite right.

It's unfair to clubs that try to stay solvent and within the rules. Clubs overspend, go bust effectively and at worst, only get a slap on the wrist with a points deduction. Knowing that if it goes tits up, they would be thrown out of the EFL would clarify their thinking.

The Financial Fair Play appears to be a joke as well, but that's another subject.


We all know that clubs shouldn't overspend but like Bury and Bolton it is their gamble to take.

Boot on the other foot and say we were Bury and a league manager randomly came out and said that we should be kicked out of the league then I would be sickened.

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31 Jul 2019 14:54 #128 by bluestblue
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munchymagic wrote:

bluestblue wrote:

munchymagic wrote:

orfc wrote: As long as we keep our heads down and quietly get on with it, there shouldn't be an issue...

Oh.

www.sportinglife.com/football/news/bolto...d-be-banished/169620


I find it really unsavoury when managers do that sort of thing, was there any need for Pressley to say that?

If I was a Bolton or Bury fan I would be saying who the [censored] do Carlisle and their manager think they are - so well run that they owe circa 5m and the ground is covered in bird shit.


Pressley's quite right.

It's unfair to clubs that try to stay solvent and within the rules. Clubs overspend, go bust effectively and at worst, only get a slap on the wrist with a points deduction. Knowing that if it goes tits up, they would be thrown out of the EFL would clarify their thinking.

The Financial Fair Play appears to be a joke as well, but that's another subject.


We all know that clubs shouldn't overspend but like Bury and Bolton it is their gamble to take.

Boot on the other foot and say we were Bury and a league manager randomly came out and said that we should be kicked out of the league then I would be sickened.



What about John Coleman's (Accrington manager) comments at the time of the floods. No-one outside Carlisle seemed to react
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31 Jul 2019 15:02 #129 by Dancingbear
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Seems 65% of the responders to the poll me included agree with him.

There's only one way of life and that's your own!!!
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31 Jul 2019 15:23 #130 by heilkmoon
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I agree with Pressley too, the league is incredibly lax when it comes to enforcing penalties for financial misconduct.

What Bolton got away with last season was incredible, the whole Christian Doidge transfer scenario alone. He played for them, scoring crucial goals against relegation rivals and they never paid a penny for him and hadn't been able to afford him in the first place.
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31 Jul 2019 15:38 #131 by bluestblue
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heilkmoon wrote: I agree with Pressley too, the league is incredibly lax when it comes to enforcing penalties for financial misconduct.

What Bolton got away with last season was incredible, the whole Christian Doidge transfer scenario alone. He played for them, scoring crucial goals against relegation rivals and they never paid a penny for him and hadn't been able to afford him in the first place.


Bolton and Bury cheated. They have to be punished somehow. I do, however, feel sorry for the fans.
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31 Jul 2019 17:10 #132 by thetashkentterror
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He played for Hearts and managed Coventry when both were spending beyond their means.

And we've hardly been a shining light in not overspending in the last few years.

So, while I can see his point entirely and agree with it, he might have been better letting someone else say it.
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31 Jul 2019 18:34 #133 by Dazwacky
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Its the fans that suffer, can you imagine if you woke up tomorrow and headlines where "Phil Day pumps £200 million into Carlisle" I would probably go on a 48 hour bender LOL but 99.9% of fans would never think if it was sustainable in the long run! all clubs should be protected and scrutinized to see if investment is sustainable the Championship is a disaster waiting to happen average wage bill is £34 million so how do these clubs meet that financial fair play as virtually all are teetering on financial ruin there will defo be a few more Bolton's in the next few years!
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31 Jul 2019 18:57 #134 by 182blue
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Brighton are about to pay Bristol City £25million for a defender.
I feel a bit uneasy about kicking clubs when they are down when such ridiculous amounts are changing hands slightly up the food chain.
Transfer fees like that are a world away from what is going on with the likes of Bury.
There's going to be winners and losers in the arms race and it seems to slightly miss the point to focus on those that have failed as being irresponsible.
Unfortunately the game is becoming less and less about the punters coming through the turnstiles funding their club with their support.
It's a sad situation.

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31 Jul 2019 21:18 #135 by Wukkie
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It just shows what things are coming to when a second division player can go for that much. It just shows how out of touch with the real world football has become.

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02 Aug 2019 22:52 #136 by CCU
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Win or Lose, Up The Blues!

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02 Aug 2019 23:31 #137 by CCU
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And the Bury Chairman on one!


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03 Aug 2019 07:51 #138 by Laffy
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This whole affair may bring about some positive change.

When I was at Motherwell we were waiting for a transfer fee from Cardiff-they kept putting us off for months and months but they then publicly went out and signed another expensive player.

We put a winding up petition in against them, much to their horror and anger.They went public with it too as if they would get any sympathy.We got paid of course but the grief was appalling-as if we had been the guilty party for having the audacity to ask for our money and apply normal tactics to get it.

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03 Aug 2019 08:07 - 03 Aug 2019 08:16 #139 by nobbyblue
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Laffy wrote: This whole affair may bring about some positive change.

When I was at Motherwell we were waiting for a transfer fee from Cardiff-they kept putting us off for months and months but they then publicly went out and signed another expensive player.

We put a winding up petition in against them, much to their horror and anger.They went public with it too as if they would get any sympathy.We got paid of course but the grief was appalling-as if we had been the guilty party for having the audacity to ask for our money and apply normal tactics to get it.


I hate that. Bloke owed me money for six months and I brought the matter up in the pub. He didn't like it and said I was out of order! All of a sudden I'm the bad guy. He said that was no way to conduct business!

He paid the next day so I was happy. Arsehole.

I'm a great believer in karma though and I heard recently somebody went bust owing him a considerable amount! :-D
Last edit: 03 Aug 2019 08:16 by nobbyblue.
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04 Aug 2019 18:32 #140 by melbourneblues
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He must have racked up a fair size slate on the taxis nobby.

Mullen is a virgin.
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04 Aug 2019 18:59 #141 by Dazwacky
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Had the same with a notorious plumber from Denton Holme!! wanting to be the next KING of redevelopment! owed me money for over a 100 days, took a court order to get paid and he went bust a few weeks later! but I enjoyed picking the money up off his wife as she was like a pitbull (Ugly too) and I got called all the names under the sun but got my wonga!

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07 Aug 2019 04:48 #142 by Markovitch
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Talking of breaking the rules Derby have signed Rooney on 80k a week. His contract says he is a coach who will be registered as a player. Coaching staff wages don't count for financial fair play rules

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07 Aug 2019 05:07 - 07 Aug 2019 05:08 #143 by CCU
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Markovitch wrote: Talking of breaking the rules Derby have signed Rooney on 80k a week. His contract says he is a coach who will be registered as a player. Coaching staff wages don't count for financial fair play rules


50% of them do...


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Last edit: 07 Aug 2019 05:08 by CCU.
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07 Aug 2019 17:33 #144 by franksidebottom
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Seems quite a few championship clubs are getting around FFP with some creative accounting and underhand methods.

Wolves and Villa both gambled heavily to gain promotion, if it hadn’t have paid off they’d have been well over EFL FFP limits and facing sanctions. Villa sold Villa Park to their owners to enable them to post a profit in preparation for the gamble not paying off, the EFL seemed happy enough with the arrangement but the PL are looking into it. Sheff Wed did similar with Hillsborough recently.

Derby used the same tactic, owner Mel Morris buying Pride Park for £80m (even though it was only valued at £41m) and leasing it back to the club. This enabled them to post a profit of £14m instead of a massive loss which would have sent them well over the allowed 3 year loss limit of £39m which FFP allows. It buys them a couple of years but if they don’t gain promotion in that time you’ve got to worry about the future of the club.

It’s just an underhand way of injecting cash into clubs to make the balance sheet pass the FFP criteria. The day to day running costs of the clubs are still sky high. The FL are happy enough though!

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07 Aug 2019 17:51 #145 by franksidebottom
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Interesting article here. Appears the 50/50 split in wages counting towards FFP for player-coaches doesn’t apply in the Championship. Also Derby’s sponsor, betting firm 32RED are heavily involved in the recruitment of Rooney.

www.bbc.co.uk/sport/football/49265227

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07 Aug 2019 18:11 #146 by CCU
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Interesting that 50/50 thing not counting in the Championship.

When the EFL are adjusting their rules so that the Championship are treated differently to L1/2 the job is absolutely knackered.

Regionalisation will happen at L1/2 level eventually, as the top two levels cream more cash and talent to satisfy their craving and lust for the promised land and success...

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07 Aug 2019 23:54 #147 by Flatcap
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The sooner the Championship becomes Premier League 2 the better.
Good riddance is all I would say.

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08 Aug 2019 07:40 #148 by CarlisleWhite
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Even dafter is 32Red are sponsoring half the teams in the championship, while at the same time being party to this ruse.
Fair play to Morris, making the EFL look like the amateurs they are. It is his money covering the losses after all. Sheff Wed have done the same with the stadium.
If the farce of parachute payments was dropped, the need for these ruses in the championship would dissapear fairly quickly.

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08 Aug 2019 08:26 - 08 Aug 2019 08:27 #149 by nobbyblue
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I hear Carlisle are being chased for a not unsubstantial sum by a local business and it's not the only. Not great when you are trying to promote the club as being 'well run' by Pressley.
Last edit: 08 Aug 2019 08:27 by nobbyblue.

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08 Aug 2019 11:36 #150 by Lakelandterrier
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nobbyblue wrote: I hear Carlisle are being chased for a not unsubstantial sum by a local business and it's not the only. Not great when you are trying to promote the club as being 'well run' by Pressley.


Who?
And how much?

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