| Bury & Bolton 13:03 - Jul 19 with 3383 views | BringBackTheRedRoom |
Bury are to be deducted 12 points by the English Football League after the club's creditors approved a rescue plan to clear some of the Shakers' debts.
Shakers owner Steve Dale put forward a Company Voluntary Arrangement (CVA) proposal in June which would see the club's football creditors paid in full.
Unsecured creditors, including HMRC, will be paid 25% of the money owed.
A CVA qualifies as an "insolvency event" under EFL rules but the League One club have seven days to appeal.
In a statement issued on Thursday, Dale said the CVA would mean the club's "future is secured".
He said: "We have worked tirelessly to achieve the result today whilst taking a lot of flak.
"Some might say our methods were questionable but we can all pass comment with hindsight, my job was to save Bury FC and that's done. We have other hurdles but the main one is complete."
Meanwhile, CVA nominee Steven Wiseglass said the agreement "hopefully secures a brighter future" for the Shakers.
"The agreement means the club avoids going into administration or liquidation, and it provides a degree of financial certainty in that its historic debts will be dealt with," Wiseglass added.
The deduction means Bury join local rivals Bolton Wanderers in starting the season on -12 points after the Trotters went into administration in May.
Bury are due to reappear in the High Court later in July after a winding-up petition brought by HM Revenue & Customs over an unpaid tax bill was adjourned for a third time.
The Shakers are looking for new ownership after Dale put the club up for sale in April.
https://www.bbc.co.uk/sport/football/49034775 |  |
| ‘Where there is harmony, may we bring discord. Where there is truth, may we bring error. Where there is faith, may we bring doubt. And where there is hope, may we bring despair’ |
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| Bury & Bolton on 16:32 - Aug 22 with 237 views | BringBackTheRedRoom |
| Bury & Bolton on 10:02 - Aug 22 by BringBackTheRedRoom |
Last one out of the door please switch off the lights.... |
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| ‘Where there is harmony, may we bring discord. Where there is truth, may we bring error. Where there is faith, may we bring doubt. And where there is hope, may we bring despair’ |
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| Bury & Bolton on 18:33 - Aug 22 with 226 views | BringBackTheRedRoom |
After input from Baroness Ann Taylor of Bolton and the Football Supporters Association (FSA), a meeting with Debbie Jevans (EFL CE) had been scheduled for tomorrow lunchtime.
Representatives of Forever Bury, Sky Blues Trust, Blackpool Supporters’ Trust and Bolton Wanderers Supporters’ Trust, along with the FSA, were due to meet Debbie Jevans (EFL Chief Exec) at the EFL HQ in Preston.
However, the meeting has today been cancelled. This is very frustrating and disappointing, particularly with the impending expulsion of Bury FC and the still unresolved take-over at Bolton Wanderers FC.
As a collective, we were looking to make the EFL fully aware of the feelings of supporters and their despair at the lack of intervention from the EFL in the growing numbers of dysfunctional ownership issues. Tomorrow would have been that opportunity.
We now await a rescheduling of the meeting and sincerely hope that it is not too late to save our clubs from further catastrophes.
The clock is ticking for our national game. The EFL need to take note and act now.
https://www.bwfcst.co.uk/wp-content/cache/page_enhanced/www.bwfcst.co.uk/joint-s
Looking really bleak for Bury now. | |
| ‘Where there is harmony, may we bring discord. Where there is truth, may we bring error. Where there is faith, may we bring doubt. And where there is hope, may we bring despair’ |
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| Bury & Bolton on 18:35 - Aug 22 with 223 views | basilrobbiereborn |
| Bury & Bolton on 18:33 - Aug 22 by BringBackTheRedRoom |
After input from Baroness Ann Taylor of Bolton and the Football Supporters Association (FSA), a meeting with Debbie Jevans (EFL CE) had been scheduled for tomorrow lunchtime.
Representatives of Forever Bury, Sky Blues Trust, Blackpool Supporters’ Trust and Bolton Wanderers Supporters’ Trust, along with the FSA, were due to meet Debbie Jevans (EFL Chief Exec) at the EFL HQ in Preston.
However, the meeting has today been cancelled. This is very frustrating and disappointing, particularly with the impending expulsion of Bury FC and the still unresolved take-over at Bolton Wanderers FC.
As a collective, we were looking to make the EFL fully aware of the feelings of supporters and their despair at the lack of intervention from the EFL in the growing numbers of dysfunctional ownership issues. Tomorrow would have been that opportunity.
We now await a rescheduling of the meeting and sincerely hope that it is not too late to save our clubs from further catastrophes.
The clock is ticking for our national game. The EFL need to take note and act now.
https://www.bwfcst.co.uk/wp-content/cache/page_enhanced/www.bwfcst.co.uk/joint-s
Looking really bleak for Bury now. |
That last statement is far more dignified and restrained than Jevans and the EFL deserve. |  |
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| Bury & Bolton on 18:39 - Aug 22 with 221 views | BringBackTheRedRoom |
| Bury & Bolton on 18:35 - Aug 22 by basilrobbiereborn |
That last statement is far more dignified and restrained than Jevans and the EFL deserve. |
I'm guessing no reason given for the cancellation? EFL bunch of cowards. | |
| ‘Where there is harmony, may we bring discord. Where there is truth, may we bring error. Where there is faith, may we bring doubt. And where there is hope, may we bring despair’ |
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| Bury & Bolton on 18:50 - Aug 22 with 211 views | ROTTWEILERS |
| Bury & Bolton on 18:39 - Aug 22 by BringBackTheRedRoom |
I'm guessing no reason given for the cancellation? EFL bunch of cowards. |
Each day, they're just digging themselves a deeper hole |  |
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| Bury & Bolton on 19:09 - Aug 22 with 206 views | spell_chekker |
| Bury & Bolton on 21:46 - Jul 30 by ROTTWEILERS |
Every credit to the chairman for that rant. I've always had a gut feeling that Bury would be the one out of them and Bolton that 'gets it' from EFL. They always come down heavier on soft targets. |
Is tomorrow, Friday 23rd some kind of deadline? |  |
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| Bury & Bolton on 21:01 - Aug 22 with 199 views | BringBackTheRedRoom |
| Bury & Bolton on 19:09 - Aug 22 by spell_chekker |
Is tomorrow, Friday 23rd some kind of deadline? |
Spell
Deadline for Bury is tomorrow. | |
| ‘Where there is harmony, may we bring discord. Where there is truth, may we bring error. Where there is faith, may we bring doubt. And where there is hope, may we bring despair’ |
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| Bury & Bolton on 21:48 - Aug 22 with 192 views | BringBackTheRedRoom |
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| ‘Where there is harmony, may we bring discord. Where there is truth, may we bring error. Where there is faith, may we bring doubt. And where there is hope, may we bring despair’ |
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| Bury & Bolton on 21:53 - Aug 22 with 190 views | spudgun |
The only good that will come out of these two sorry episodes is that it may finally bring a focus to bear in the complicity and dereliction of duty of the EFL in this. It may take something seismic like an historic club going out of business to move the dial... | | | |
| Bury & Bolton on 22:05 - Aug 22 with 185 views | ROTTWEILERS |
| Bury & Bolton on 21:53 - Aug 22 by spudgun |
The only good that will come out of these two sorry episodes is that it may finally bring a focus to bear in the complicity and dereliction of duty of the EFL in this. It may take something seismic like an historic club going out of business to move the dial... |
It absolutely will happen as things can't continue as they are. If a church or mosque were being desecrated, there'd be uproar because most people understand they represent more than just bricks and mortar. Likewise football clubs aren't just businesses.
If it just so happens to be Bolton that goes the wall in order to elicit change then I'm cool with that. | |
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| Bury & Bolton on 23:35 - Aug 22 with 172 views | basilrobbiereborn |
| Bury & Bolton on 22:05 - Aug 22 by ROTTWEILERS |
It absolutely will happen as things can't continue as they are. If a church or mosque were being desecrated, there'd be uproar because most people understand they represent more than just bricks and mortar. Likewise football clubs aren't just businesses.
If it just so happens to be Bolton that goes the wall in order to elicit change then I'm cool with that. |
Oldham and Macclesfield are both in bother too. Bristol Rovers heading for trouble according to the fans, and haven't Sheffield Wednesday just flogged their ground? That may come back to haunt them, if true.
I sometimes think that it would take a big club from the EPL to go belly up to focus a few minds. | |
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| Bury & Bolton on 06:53 - Aug 23 with 154 views | BringBackTheRedRoom |
| Bury & Bolton on 23:35 - Aug 22 by basilrobbiereborn |
Oldham and Macclesfield are both in bother too. Bristol Rovers heading for trouble according to the fans, and haven't Sheffield Wednesday just flogged their ground? That may come back to haunt them, if true.
I sometimes think that it would take a big club from the EPL to go belly up to focus a few minds. |
The Wendies sold their ground to their owner to get around FFP (or whatever it's called now). Think Derby & Aston Villa pulled off the same trick. There's talk of a few other championship clubs planning the same. A recipe for disaster.
Still think Sunderland could have problems down the line. | |
| ‘Where there is harmony, may we bring discord. Where there is truth, may we bring error. Where there is faith, may we bring doubt. And where there is hope, may we bring despair’ |
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| Bury & Bolton on 08:31 - Aug 23 with 148 views | BringBackTheRedRoom |
| Bury & Bolton on 06:53 - Aug 23 by BringBackTheRedRoom |
The Wendies sold their ground to their owner to get around FFP (or whatever it's called now). Think Derby & Aston Villa pulled off the same trick. There's talk of a few other championship clubs planning the same. A recipe for disaster.
Still think Sunderland could have problems down the line. |
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| ‘Where there is harmony, may we bring discord. Where there is truth, may we bring error. Where there is faith, may we bring doubt. And where there is hope, may we bring despair’ |
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| Bury & Bolton on 09:03 - Aug 23 with 146 views | Imperial |
In the case of Bury there are seriously interested parties. None can find a way to get the owner to work with them to get a deal done.
Seem familiar.
Unfortunately there is no Belekon at Bury. | | | |
| Bury & Bolton on 10:25 - Aug 23 with 141 views | BringBackTheRedRoom |
| Bury & Bolton on 09:03 - Aug 23 by Imperial |
In the case of Bury there are seriously interested parties. None can find a way to get the owner to work with them to get a deal done.
Seem familiar.
Unfortunately there is no Belekon at Bury. |
Bury Football Club has until 23:59 BST on Friday to avoid being expelled from the English Football League.
The EFL has requested evidence that the Shakers can pay off creditors and have the necessary funding to make it through the League One season.
They have yet to play a first-team match in 2019-20 after having each of their first six fixtures suspended.
Owner Steve Dale said on Thursday there were four parties interested in buying the club.
EFL chief executive Debbie Jevans told BBC Sport that if a buyer did come forward they would consider a short extension to the deadline, but that "it's very difficult to see how we can postpone more matches".
"The clock is ticking, there's no question," said Jevans. "Nobody wants to see this club disappear out of the league, least of all me, which is why we are working 24/7 to try to stop that happening."
Greater Manchester Mayor Andy Burnham this week wrote to Jevans asking for the club to be granted more time "given the urgency of Bury's plight".
Shakers fans have also staged numerous protests, with former director Joy Hart handcuffing herself to a drainpipe outside their Gigg Lane home and a coffin reading 'RIP Bury FC 1885-?' was placed at the directors' entrance.
Founded in 1885 and first elected to the EFL nine years later, Bury were playing in what is now known as the Championship as recently as 1999 and have twice won the FA Cup.
How did we reach this point?
At the end of April Bury were celebrating promotion back to the third tier of English football, but they were already enduring a torrid time off the pitch.
Players and staff had often been paid late, while a winding-up petition filed against the club was adjourned three times before eventually being dismissed by the High Court on 31 July.
By then, creditors had approved a company voluntary arrangement (CVA) put forward by Dale, which was proposed to help settle some of their debts.
The CVA meant unsecured creditors, including HM Revenue & Customs, would be paid 25% of the money owed - but also triggered a 12-point deduction in the League One table under EFL rules.
Furthermore, the EFL has been unsatisfied Bury have given enough evidence of their "financial viability", leading to a string of postponed fixtures while the organisation awaited "the clarity required".
What needs to happen for Bury to survive?
The Shakers were given a 14-day deadline to provide the necessary information on 14 August, which is due to expire at 23:59 BST on Friday.
If the club are unable to satisfy the EFL's request, their only other hope is that a buyer comes in with a rescue plan at the 11th hour.
Owner Dale said he would consider selling Bury after the club's staff "implored" him to accept an offer last week - but then reportedly rejected a fresh bid on Tuesday.
Dale told BBC Radio Manchester on Thursday there were four interested parties - one of which has his backing - but time appears to be against any takeover going through.
What if Bury don't meet their deadline?
The EFL reiterated this week that "if a solution is not found by the deadline, the board will authorise the necessary share transfer on behalf of Bury FC which shall be legally binding on all parties and result, regretfully, in the club no longer being a member of the League".
In other words, the Shakers will be expelled from the EFL.
The club would then "be free to make an application to the Football Association to rejoin league competition further down the English football pyramid from season 2020-21", according to the EFL.
How will it impact the league structure?
The EFL has already outlined how it intends to balance the leagues if Bury are expelled:
The current League One season would be completed with 23 teams, with the number of relegation places reduced to three.
Four teams will still be promoted from League Two this season, ensuring League One is rebalanced in 2020-21.
Only one team will be relegated from League Two, with two to be promoted from the National League as usual.
Could the deadline be extended? Can they appeal?
EFL chief executive Jevans has confirmed they would consider extending Friday's deadline by "24 to 48 hours" if a solution appeared to be imminent.
However, she also said a "long delay" was "not possible", stressing that once a decision has been made Bury will "cease to be a member of the league", meaning an appeal would appear unlikely.
When should we find out their fate?
With the deadline set for 23:59 BST, there is not likely to be any confirmation regarding Bury's future from the EFL until Saturday morning.
But, if the EFL does decide to grant a short deadline extension, there may yet be an update on Friday.
Has a team ever been expelled from the EFL before?
It is 27 years since an EFL club was unable to complete a season, with Maidstone United and Aldershot both liquidated during the 1991-92 season.
No club has ever dropped out of the third tier before and Bury would also become the first FA Cup winners to have been expelled by the EFL.
https://www.bbc.co.uk/sport/football/49434347 | |
| ‘Where there is harmony, may we bring discord. Where there is truth, may we bring error. Where there is faith, may we bring doubt. And where there is hope, may we bring despair’ |
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| Bury & Bolton on 11:12 - Aug 23 with 137 views | ROTTWEILERS |
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| Bury & Bolton on 11:45 - Aug 23 with 132 views | BringBackTheRedRoom |
Wouldn't trust Dale as far as I could throw him, never-mind with £2.7 million of other peoples money. | |
| ‘Where there is harmony, may we bring discord. Where there is truth, may we bring error. Where there is faith, may we bring doubt. And where there is hope, may we bring despair’ |
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| Bury & Bolton on 11:58 - Aug 23 with 128 views | spell_chekker |
| Bury & Bolton on 11:45 - Aug 23 by BringBackTheRedRoom |
Wouldn't trust Dale as far as I could throw him, never-mind with £2.7 million of other peoples money. |
They're screwed.
Out of existence at midnight. | |
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| Bury & Bolton on 12:18 - Aug 23 with 126 views | ROTTWEILERS |
| Bury & Bolton on 11:45 - Aug 23 by BringBackTheRedRoom |
Wouldn't trust Dale as far as I could throw him, never-mind with £2.7 million of other peoples money. |
I take back what I said about liking this guy - he sounds unhinged. He doesn't half hate the EFL though | |
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| Bury & Bolton on 17:39 - Aug 23 with 119 views | BringBackTheRedRoom |
| Bury & Bolton on 12:18 - Aug 23 by ROTTWEILERS |
I take back what I said about liking this guy - he sounds unhinged. He doesn't half hate the EFL though |
The EFL Board has this afternoon been appraised of the very latest position in respect of ongoing matters at Bury Football Club.
As of 5pm there has been limited progress made either by the current ownership providing the required evidence in regard to outstanding financial information, or through a change of control being achieved with new owners.
The EFL will continue to provide all support available and will keep working to find a resolution to the ongoing issues ahead of the Notice of Withdrawal deadline, which remains at 11.59 PM on Friday 23 August.
If a successful solution is not found ahead of tonight’s deadline, the Club’s share in the EFL will be withdrawn and its membership in the League will come to an end.
The EFL will move to confirm the position as soon as possible, with an update to be provided on Saturday 24 August.
https://www.efl.com/news/2019/august/statement-bury-fc/ | |
| ‘Where there is harmony, may we bring discord. Where there is truth, may we bring error. Where there is faith, may we bring doubt. And where there is hope, may we bring despair’ |
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| Bury & Bolton on 19:06 - Aug 23 with 109 views | ROTTWEILERS |
| Bury & Bolton on 17:39 - Aug 23 by BringBackTheRedRoom |
The EFL Board has this afternoon been appraised of the very latest position in respect of ongoing matters at Bury Football Club.
As of 5pm there has been limited progress made either by the current ownership providing the required evidence in regard to outstanding financial information, or through a change of control being achieved with new owners.
The EFL will continue to provide all support available and will keep working to find a resolution to the ongoing issues ahead of the Notice of Withdrawal deadline, which remains at 11.59 PM on Friday 23 August.
If a successful solution is not found ahead of tonight’s deadline, the Club’s share in the EFL will be withdrawn and its membership in the League will come to an end.
The EFL will move to confirm the position as soon as possible, with an update to be provided on Saturday 24 August.
https://www.efl.com/news/2019/august/statement-bury-fc/ |
Not looking good for Bury. I wonder if Owen fancies a cheeky bid? North West Tonight was quite emotional earlier | |
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| Bury & Bolton on 21:09 - Aug 23 with 103 views | ROTTWEILERS |
Andy Holt very vocal on Twitter tonight
[Post edited 23 Aug 2019 21:11]
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| Bury & Bolton on 21:34 - Aug 23 with 94 views | ROTTWEILERS |
| Bury & Bolton on 21:09 - Aug 23 by ROTTWEILERS |
Andy Holt very vocal on Twitter tonight
[Post edited 23 Aug 2019 21:11]
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| Bury & Bolton on 21:43 - Aug 23 with 92 views | BringBackTheRedRoom |
If he tried to buy another club in 6 months, what's the betting he'd still pass the ODT. | |
| ‘Where there is harmony, may we bring discord. Where there is truth, may we bring error. Where there is faith, may we bring doubt. And where there is hope, may we bring despair’ |
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| Bury & Bolton on 22:08 - Aug 23 with 85 views | ROTTWEILERS |
| Bury & Bolton on 21:43 - Aug 23 by BringBackTheRedRoom |
If he tried to buy another club in 6 months, what's the betting he'd still pass the ODT. |
Alistair Campbell's son reportedly has a bid at an advanced stage | |
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