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Not for us, but for Bury. i was credit checking a potential customer and decided to nosey onto BFC's file and was (or maybe not) supprised to see a new CCJ for circa £22k lodged only Wednesday this week. looks like they are in need of a bumper crowd tomorrow to settle some bills
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tomorrow can't come quick enough on 16:12 - Aug 22 with 4906 views
How long has this been going on? How long has this been going on? Well, if friends with their fancy persuasion Don't admit that it's part of a scheme Then I can't help but have my suspicions 'Cause I ain't quite as dumb as I seem And you said you was never intending To break up our scene in this way But there ain't any use in pretending It could happen to you any day
If Stewart Day comes out of any last minute sale with money it will be a travesty If Steve Dale comes out of any last minute sale with money it will be a travesty too
tomorrow can't come quick enough on 15:52 - Aug 22 by rochdaleriddler
If, as the Times says today, the Mederco debt is also a debt due to Dale, as an associate of his has bought it, he is actually ‘owed’ about £11 million. What a shark the man is
I would guess though the chain will be the same as in usual liquidations, preferential creditors paid first (efl, football debts) followed by secured creditors and then unsecured creditors get to pick over what is left, if anything.
I am not 100% sure how this works regarding the cva but I would assume liquidation would supersede the cva, and as such all assets would be flogged off and the funds divided according to the debts owed.
What is interesting is if the merdeco debt, that dales daughters boyfriend apparently bought for nothing is a preferential debt, and if Dale is a preferential shareholder. If this is the case, my understanding is after all football creditors are paid in full, the remainder of funds will be divided between the preferential creditors, and non preferential creditors are likely to get nothing, or very little.
Eg bURY sell ground and all assets for 7 million in liquidation. Football creditors get paid the 2 million in full. The remaining 5 million is divided between secured creditors on a proportional basis.
Obviously the figures above are not accurate as nobody knows except Dale, but if RCR are preferential at 7 million, bridgy is 3.6 million and Dale is 3 million or so as preferential, then they are likely to get 45p in the pound based on the figures above, after costs, so Dale and Dales daughters company could see 4 million or so.
Lot of ifs and buts here, and I am no corporate lawyer, and probably have some things incorrect, but this is the nearest thing I can see for Dales actions, all of which seem legal, although I am certain Day is still involved somewhere in this mess!
Every Team Needs A John Ryan - The Winger Who's a Ringer!!!!!
Oh FFS not another week, Just take the club out back already and tell Bury fans the loud bang was thunder and the club gone off to live on a farm. Will this never end?
A 48 hour extension from the @EFL should start from Tuesday next week given the weekend is a bank holiday and so Monday is too. That takes us until Thursday / Friday next week. Don’t let’s ignore the practicalities here. #UTS@buryfcofficial
tomorrow can't come quick enough on 17:07 - Aug 22 by heywooddale
Oh FFS not another week, Just take the club out back already and tell Bury fans the loud bang was thunder and the club gone off to live on a farm. Will this never end?
A 48 hour extension from the @EFL should start from Tuesday next week given the weekend is a bank holiday and so Monday is too. That takes us until Thursday / Friday next week. Don’t let’s ignore the practicalities here. #UTS@buryfcofficial
tomorrow can't come quick enough on 17:11 - Aug 22 by JumeirahDale
God forbid anyone ignoring the practicalities eh?
True, we shouldn't forget practicalities. And practically if they do get the 48 hour extension and they push the start of the 48 hours to Tuesday.......48 hours would be close of play Wednesday, not Thursday and definitely not Friday.
So from a practicality point of view James Frith doesn't understand how time works!
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tomorrow can't come quick enough on 17:30 - Aug 22 with 4398 views
tomorrow can't come quick enough on 17:07 - Aug 22 by heywooddale
Oh FFS not another week, Just take the club out back already and tell Bury fans the loud bang was thunder and the club gone off to live on a farm. Will this never end?
A 48 hour extension from the @EFL should start from Tuesday next week given the weekend is a bank holiday and so Monday is too. That takes us until Thursday / Friday next week. Don’t let’s ignore the practicalities here. #UTS@buryfcofficial
No hang on if its working days/hours then given its say 8 hour working days starting 9am on Tuesday that's 6 working days/hours from Tuesday takes us until 9 am on Wednesday September 4th. Seems reasonable to me.
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tomorrow can't come quick enough on 17:31 - Aug 22 with 4380 views
tomorrow can't come quick enough on 17:07 - Aug 22 by heywooddale
Oh FFS not another week, Just take the club out back already and tell Bury fans the loud bang was thunder and the club gone off to live on a farm. Will this never end?
A 48 hour extension from the @EFL should start from Tuesday next week given the weekend is a bank holiday and so Monday is too. That takes us until Thursday / Friday next week. Don’t let’s ignore the practicalities here. #UTS@buryfcofficial
What - such as paying all your taxes to the Exchequer in full and on time?
Poor that, from an MP.
FWIW I think there's a real chance of a game of brinksmanship ending up with an 11th hour reprieve.
That's the first prediction.
The second is that all the fear of liquidation or expulsion (and its causes) will quickly be forgotten by the gigglers, but they will not forget the eager anticipation of it from some on here.
[Post edited 22 Aug 2019 18:06]
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tomorrow can't come quick enough on 18:09 - Aug 22 with 4164 views
If things take a positive turn as their MP is now indicating, I’m having 3 minutes in the ‘How long before one of them claims any further points deductions are unfair’ sweepstake.
And 3.5 minutes in the ‘How long before someone says that the new owners couldn’t do anything about what’s happened before and this is partly down to the EFL anyway so we should get those 12 points back now’ sweepstake.
tomorrow can't come quick enough on 18:12 - Aug 22 by Daley_Lama
Initial reports that a deal to sell has been done on the Beardy board.
No details of course yet
Confirmed by Steve Dale (or someone on his phone number) that it is "with the EFL". Assuming it will have to be more than a number on the back of a fag packet for the EFL to give anything, but it certainly feels like we've got another few days of #enjoyingtheride
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tomorrow can't come quick enough on 18:55 - Aug 22 with 3825 views
Just been on NWT that Richard Askam was talking to a guy who studies financies and on the list of creditors that a company owed over £7m was only formed last month..
Now something aint right ....
My all time favourite Dale player Mr Lyndon Symmonds
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tomorrow can't come quick enough on 19:12 - Aug 22 with 3711 views
tomorrow can't come quick enough on 18:44 - Aug 22 by JumeirahDale
Confirmed by Steve Dale (or someone on his phone number) that it is "with the EFL". Assuming it will have to be more than a number on the back of a fag packet for the EFL to give anything, but it certainly feels like we've got another few days of #enjoyingtheride
For those who cannot get past the big white & blue wall
[Post edited 23 Aug 2019 11:00]
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tomorrow can't come quick enough on 19:19 - Aug 22 with 3664 views
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