| tomorrow can't come quick enough 14:17 - Oct 16 with 2020741 views | batman |
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 |  | | |  |
| tomorrow can't come quick enough on 22:33 - Aug 23 with 3659 views | dingdangblue |
| tomorrow can't come quick enough on 22:31 - Aug 23 by Shun |
Bloody knew those worms would find a way to survive! |
On the bright side - 6 points. |  |
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| tomorrow can't come quick enough on 22:33 - Aug 23 with 3655 views | judd |
| tomorrow can't come quick enough on 22:30 - Aug 23 by SuddenLad |
Whoa.........hold your horses.......
Dale claims it's a done deal.
'Prospective purchasers' say - far from it. (Courtesy of Chris Hall ITV) |
I’ve already read elsewhere that the new owners should get on with signing players and push for promotion.
Bless |  |
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| tomorrow can't come quick enough on 22:35 - Aug 23 with 3613 views | smaclad1 |
| tomorrow can't come quick enough on 22:07 - Aug 23 by Thacks_Rabbits |
Interesting that the company supposedly taking them over are showing a negative set of recent accounts, still nothing new there!!! |
Not only a negative set of accounts, but not showing anything like the millions required. OK, young Mr Campbell is supposedly a gambling whizz and may have more than a few bob put aside but, in the wider scheme of things given that bury have no assets to borrow against, where's the money coming from? And at what cost?
Obviously not questions to be welcomed on the wrong side of Heywood. | | | |
| tomorrow can't come quick enough on 22:35 - Aug 23 with 3607 views | EllDale |
Dale has been on ITN to say that the new owners will have a debt free club with working capital of over £1million. | | | |
| tomorrow can't come quick enough on 22:36 - Aug 23 with 3584 views | dingdangblue |
| tomorrow can't come quick enough on 22:33 - Aug 23 by judd |
I’ve already read elsewhere that the new owners should get on with signing players and push for promotion.
Bless |
Apparently the new owners are fans of the Moneyball system or in bury's case NoMoneyball. | |
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| tomorrow can't come quick enough on 22:37 - Aug 23 with 3533 views | DaleiLama |
"Trannys and six fingers. We're back. We dance on your pitch We dance on your pitch"
FFS. After the North West News portrayed them as humble "victims", it took some of them all of 5 minutes to shed their disguise and show their true colours. |  |
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| tomorrow can't come quick enough on 22:38 - Aug 23 with 3519 views | Molly |
C and N Sporting risk Ltd was incorporated in Dec 2016 with a total authorised share capital of £75. Of this only one £1 share has been issued.
The company is a private limited company and as such do not need to disclose a great deal of information , but from the last filed accounts up to December 2018 they showed capital and reserves of minus £191,001.
Mr Days companies from memory had an issued share capital of £3 each. | | | |
| tomorrow can't come quick enough on 22:39 - Aug 23 with 3462 views | rochedale |
From a Forest fan on twitter...
Fawaz Al Hasawi set to buy @buryfcofficial They are better off going under than have this corrupt lunatic buying the club!!! #BuryFC #AlHasawi
Don't do it #Bury |  |
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| tomorrow can't come quick enough on 22:43 - Aug 23 with 3382 views | since58 |
| tomorrow can't come quick enough on 22:39 - Aug 23 by rochedale |
From a Forest fan on twitter...
Fawaz Al Hasawi set to buy @buryfcofficial They are better off going under than have this corrupt lunatic buying the club!!! #BuryFC #AlHasawi
Don't do it #Bury |
Do it do it do it. | | | |
| tomorrow can't come quick enough on 22:49 - Aug 23 with 3257 views | judd |
It is reliant on an extension of the deadline. | |
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| tomorrow can't come quick enough on 22:50 - Aug 23 with 3228 views | Thacks_Rabbits |
| tomorrow can't come quick enough on 22:38 - Aug 23 by Molly |
C and N Sporting risk Ltd was incorporated in Dec 2016 with a total authorised share capital of £75. Of this only one £1 share has been issued.
The company is a private limited company and as such do not need to disclose a great deal of information , but from the last filed accounts up to December 2018 they showed capital and reserves of minus £191,001.
Mr Days companies from memory had an issued share capital of £3 each. |
It’s just another smoke and mirrors set up, likely to buy time and pull out.
Meanwhile B11 and co are down at Gigg opening champagne ðŸ¾
The old lady is safe over the bank holiday, maybe! |  |
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| tomorrow can't come quick enough on 22:51 - Aug 23 with 3198 views | Dorislove |
| tomorrow can't come quick enough on 22:49 - Aug 23 by judd |
It is reliant on an extension of the deadline. |
Who is backing the deal ,with a balance sheet they have they couldnt buy Dale pie kiosk. |  | | |
| tomorrow can't come quick enough on 22:51 - Aug 23 with 3193 views | SuddenLad |
| tomorrow can't come quick enough on 22:49 - Aug 23 by judd |
It is reliant on an extension of the deadline. |
Which the EFL have robustly said is not an option. How effective they are as a governing body is about to be tested. |  |
| “It is easier to fool people, than to convince them that they have been fooled†|
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| tomorrow can't come quick enough on 22:54 - Aug 23 with 3132 views | VivaDonaldo |
| tomorrow can't come quick enough on 22:50 - Aug 23 by Thacks_Rabbits |
It’s just another smoke and mirrors set up, likely to buy time and pull out.
Meanwhile B11 and co are down at Gigg opening champagne ðŸ¾
The old lady is safe over the bank holiday, maybe! |
EFL have gotten to flex their muscle and show the next team that there will be repercussions. Bury are rid of Dale and hopefully have a new owner that will try and run things more sustainably.
We keep a rival, they keep their club.
Only people that really miss out are those that have been paid out under the CVA and any teams missing potential gate receipts from the games postponed so far. | | | |
| tomorrow can't come quick enough on 22:55 - Aug 23 with 3129 views | since58 |
| tomorrow can't come quick enough on 22:51 - Aug 23 by Dorislove |
Who is backing the deal ,with a balance sheet they have they couldnt buy Dale pie kiosk. |
cheaper to buy bury than the dale pie kiosk at 3 .50 a pie. | | | |
| tomorrow can't come quick enough on 22:57 - Aug 23 with 3076 views | smaclad1 |
From Bury Times -
Over to you EFL
MP James Frith on BBC 5Live confirms Dale has accepted bid from C&N Sporting Risk but...
"It’s not over the line fully in their minds (C&N) and there are a lot of questions that need to be answered about complexity of the financial situation."
Frith is confident this will be enough for the EFL to extend the deadline beyond midnight.
They should have thought about the financial complexity and put a bid in two weeks ago. This could go on and on and on. It's bloody simple -
secured creditors + CVA creditors = millions down the drain you'll never see again
interest payments on loans against the ground and social club = millions down the drain
you'll never see again (and if you do manage to buy the ground you can't do anything with it as there is a covenant on it - so that would be more millions down the drain)
running costs as you try to meet the unrealistic demands of the supporters - income = millions down the drain that you'll never see again. | | | |
| tomorrow can't come quick enough on 23:01 - Aug 23 with 3015 views | Clivert |
Dale can now blame either The EFL or the new consortium if approval isn’t met.
9months at the club in which he has over seen a promotion, whittled down operating costs to a level that the club could aford and sold the club for what I’d imagine is a tidy profit on his £1.
#Bestchairmanever [Post edited 23 Aug 2019 23:05]
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| tomorrow can't come quick enough on 23:04 - Aug 23 with 2940 views | TVOS1907 |
| tomorrow can't come quick enough on 20:31 - Aug 23 by Shun |
Did somebody once say that R11BFC is a decent fellow? He seems like the biggest, most petulant baby on there! |
Yeah, but it was only one person who said it. |  |
| When I was your age, I used to enjoy the odd game of tennis. Or was it golf? |
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| tomorrow can't come quick enough on 23:04 - Aug 23 with 2940 views | judd |
| tomorrow can't come quick enough on 22:54 - Aug 23 by VivaDonaldo |
EFL have gotten to flex their muscle and show the next team that there will be repercussions. Bury are rid of Dale and hopefully have a new owner that will try and run things more sustainably.
We keep a rival, they keep their club.
Only people that really miss out are those that have been paid out under the CVA and any teams missing potential gate receipts from the games postponed so far. |
Im not sure anyone has been paid under the CVA agreement. I thought I read earlier that Dale expects all agreed debt repayments would have to be met by new owners. His latest claim that the club is debt free and the new owners have working capital of £1m is just astonishing.
Reminds me of the time a newspaper lad or humble window cleaner took over Aldershot and some publicity hungry fat fooker ran onto Old Trafford and belted a ball into the Stretford End goal, he subsequently could not fund the purchase. | |
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| tomorrow can't come quick enough on 23:05 - Aug 23 with 2923 views | Shun |
| tomorrow can't come quick enough on 22:51 - Aug 23 by SuddenLad |
Which the EFL have robustly said is not an option. How effective they are as a governing body is about to be tested. |
I can’t see them denying an extension now a legitimate offer seems to have been made. I expect them to extend the deadline and for the sale to go ahead. |  | | |
| tomorrow can't come quick enough on 23:08 - Aug 23 with 2873 views | Dorislove |
| tomorrow can't come quick enough on 23:05 - Aug 23 by Shun |
I can’t see them denying an extension now a legitimate offer seems to have been made. I expect them to extend the deadline and for the sale to go ahead. |
10.51 statement ,doesnt sound like an offer just yet.How long do you need ?/ another 10 weeks 10 months ??
"We can confirm that over the past 10 weeks we have been in discussions with Bury FC, the EFL and others with a view to putting forward a proposal to buy the club.
"It is a very complicated scenario and there remain a number of outstanding legal and other issues that have to be addressed.
"Our background is in football and data analytics and it should therefore not be surprising that we are taking a very detailed forensic look at the realities of Bury FC finances.
"A club like Bury ought to have a viable long-term future even if the short-term future is clearly very challenging. To that end we have been in discussions with the EFL about an extension so that we can continue to explore the prospects for a purchase. We will be making no further comment at this stage." | | | |
| tomorrow can't come quick enough on 23:08 - Aug 23 with 2866 views | 442Dale |
<<Statement from Newman and Campbell of C&N Sporting Risk
"We can confirm that over the past 10 weeks we have been in discussions with Bury FC, the EFL and others with a view to putting forward a proposal to buy the club.
"It is a very complicated scenario and there remain a number of outstanding legal and other issues that have to be addressed.
"Our background is in football and data analytics and it should therefore not be surprising that we are taking a very detailed forensic look at the realities of Bury FC finances.
"A club like Bury ought to have a viable long-term future even if the short-term future is clearly very challenging. To that end we have been in discussions with the EFL about an extension so that we can continue to explore the prospects for a purchase. We will be making no further comment at this stage.">>
Why would anyone be celebrating that it’s all sorted based on the information there? |  |
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| tomorrow can't come quick enough on 23:11 - Aug 23 with 2799 views | judd |
| tomorrow can't come quick enough on 23:05 - Aug 23 by Shun |
I can’t see them denying an extension now a legitimate offer seems to have been made. I expect them to extend the deadline and for the sale to go ahead. |
They may very well extend the deadline but the deal is not guaranteed to be acceptable to the EFL.
The potential buyers are an incredible risk for the EFL to endorse. | |
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