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Bolton / Bury On The Brink (Merged)


Judda

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Another blast from the past.

https://www.independent.co.uk/sport/football-maidstone-resign-from-league-as-debts-rise-henry-winter-on-the-demise-of-another-football-1541125.html

Is the problem now less bad, or worse than in 1992 do we think? Also note the name in bold is a familiar one...how has he justified sticking in that position for so long!

Quote

Coming two days after the launch of the Premier League's rich new ball game, Maidstone's demise highlights the schism between the elite and the needy. 'Last week we had the Premier League turning down millions in sponsorship money, the sort of money that would keep the whole lower division in business,' Gordon Taylor, the chief executive of the Professional Footballers' Association, said.

 
Edited by Mr Popodopolous
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7 hours ago, BobBobSuperBob said:

Debbie Jeavens trying to explain why the EFL had not checked the funding capability of Steve Dale starts mumbling

I’ve said , we do need to learn lessons’

Who do we hear that from , all the time , ....oh yes the head of Bristol City Council , and numerous NHS Authorities

Incompetent CEOs abound

Nobody ever says ‘Yes , Sorry it’s I'm not good enough and it won’t happen again because I am resigning my position to ensure it won't and to avoid the same thing happening again in the future, as it surely will if I remain in post, because we never learn the lessons, even though we always say we will.

 

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1 hour ago, Mr Popodopolous said:

I could be getting the late offers mixed up.

There is a story from this morning that a company called SJ Global had deposited money.

It CAN happen though doubtful- in 1962, Accrington Stanley put in their notice to withdraw from League. Withdrawal accepted- not long after, maybe a few days someone came in and deposited £10,000 (in cash back then, not now) which was around 1/4 of their total debt, to be paid back whenever suits the club but importantly their more pressing debt was £4,000. Still the proof was there in the actual money- over to the Football League if they would but reverse the decision.

They did not. Accrington Stanley limped on for 4 more years before going bust. Reformed 1968 and eventually, brilliantly returned in their new guise in 2006 replacing Oxford- the very side who replaced them.

My point is though it seems unlikely, there could be something in it. SJ Global International, provided it is the same company.

https://www.telegraph.co.uk/football/2019/08/28/head-efl-rules-reprieve-expelled-bury/

No idea what's happened with fonts, text size etc.

Bit more on it- 1am, EFL supposedly aware of it at 23.05 Tuesday night.

The Accrington Stanley of this era?

Remind me of the timely fashion in which Wednesday submitted their accounts last season Mr P ? :grr:

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4 minutes ago, downendcity said:

Remind me of the timely fashion in which Wednesday submitted their accounts last season Mr P ? :grr:

Indeed downend.

To say nothing of their ultra compliant, no doubt at all about it accounting period matching transaction- both perfectly in line and no doubt timely by Sheffield Wednesday...

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1 minute ago, Mr Popodopolous said:

Indeed downend.

To say nothing of their ultra compliant, no doubt at all about it accounting period matching transaction- both perfectly timely by Sheffield Wednesday...

Unfortunately for Bury, the EFL were looking at them with the good eye, not the blind one!

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3 hours ago, Up The City! said:

We are on Sky Sports on Saturday, considering what we went through in 82 surely us as fans should be doing something on the day to show our support for both Bury and Bolton?

Seen a great and symbolic Tweet on this theme. IF the EFL don't do the right thing and give this bid a full opportunity, I hope this might happen.

 

Edited by Mr Popodopolous
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30 minute listen.  MacAnthony not everyone’s cup of tea, but some interesting ideas, but also insight into some if the rules and regs that cause problems in solving the likes of Bury and Bolton’s financial issues.  I don’t agree with all of them, but worth half an hour imho.

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Starts with with wage caps from the top down. 

Sick to the back ******* teeth of football and it starts with the c**** at the very top of the premier league and scummy clubs like Liverpool etc. who believe that foitball owes them a Devine right because Paul in Exeter or Dev in Hounslow buys a Liverpool shirt instead of just being proud of where there from and supporting there club.

I cannot tell you how annoyed I am when my kids are asked who they support and when they reply City, they are then asked, and which premiership team.

C****.

Ive almost had enough, very close now.

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Here's a thing about Bury.

League Two version of SCMP actually has wage caps- to a point, so does League One.

Think it's 60% in League One and 55% in League Two- sensible right? When is a wage cap not a wage cap?

When the owner can put in an unlimited amount to count towards turnover...

NOT A BLOODY WAGE CAP THEN IS IT!!

Turnover £1m, therefore you can spend £550k or £600k on wages- eminently sustainable.

Owner lumps in £4m, you can just multiply that! Easily exceeding 100% of turnover on wages.

A pure, hard and fast breakeven requirement surely the only way to hard and fast prevent except for good investment eg properly finances stadia, training grounds, academy etc- that aside, all standard costs eg wages, fees etc must not exceed turnover.

Edited by Mr Popodopolous
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Good piece, these issues have been in the offing for a while and Shaun Harvey, the EFL.

https://www.blackpoolgazette.co.uk/sport/football/blackpool-fc/gazette-opinion-bury-s-expulsion-a-tragic-inevitability-after-efl-ignored-blackpool-s-warning-signs-1-9960170

The Bury thing could be taking a very interesting twist now.

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Hmmmmm...

EFL meeting at midday.

Here's MY hope of what will be announced- obviously a reversal and saving but also, a bit of a wishlist:

  1. Bury saving.
  2. A FULL investigation into both Bolton and Bury, with legal action against the likes of Anderson, Dale, and yes Harvey etc if failings applicable and punishable by law are found.
  3. New Independent body for EFL financial regulation- TRULY independent.
  4. Changes to certain FFP loopholes, which should never have been lifted in the first place.
  5. Perhaps dare I dream, an investigation into certain clubs who exploited said loopholes- a full and independent one at that, with FFP submissions retrospectively adjusted and points docked if necessary- with the punishment for Aston Villa either to be applied by PL or kept in reserve for if/when they return.

Obviously the first one is the main one but any of the other 4 would be excellent and a very nice bonus. Long overdue in the case of 3 and 4 as well!

Edited by Mr Popodopolous
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2 hours ago, BobBobSuperBob said:

Nick Mason from the Floyd one of the investors - What more could you want !

Defensively they should improve, especially with the improvised line of players putting up a barrier in front of a free kick specialist.

What? We conceded? Nick, any ideas?

All in all you need a-nother.....

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Isn't the EFL just the clubs self-regulating?? Because if it's just the clubs self-regulating, it's hardly surprising that the rules are lax.

Business owners won't vote for tougher regulations with penalties, controls over how they spend their money or constraints on who they can sell their businesses to when they've got bored  or run out of money? Maybe some tweaks but nothing of the kind that's needed.

Businesses go bust all the time - it's the way capitalism works. If we don't want clubs to go bust on a regular basis, or for them to be subject to asset stripping or other predatory practices that are part of the rough and tumble of any other sector... if instead we want them to be treated like community assets, then we need legislation. 

We need an independent regulator, empowered in law to manage participation in the football league so that there's genuine FFP, rules that work to provide ownership oversight and to provide protection for communities of fans who - unlike in other business sectors, don't shop around. 

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8 minutes ago, Yellow&Blue&Red said:

Isn't the EFL just the clubs self-regulating?? Because if it's just the clubs self-regulating, it's hardly surprising that the rules are lax.

Business owners won't vote for tougher regulations with penalties, controls over how they spend their money or constraints on who they can sell their businesses to when they've got bored  or run out of money? Maybe some tweaks but nothing of the kind that's needed.

Businesses go bust all the time - it's the way capitalism works. If we don't want clubs to go bust on a regular basis, or for them to be subject to asset stripping or other predatory practices that are part of the rough and tumble of any other sector... if instead we want them to be treated like community assets, then we need legislation. 

We need an independent regulator, empowered in law to manage participation in the football league so that there's genuine FFP, rules that work to provide ownership oversight and to provide protection for communities of fans who - unlike in other business sectors, don't shop around. 

As I understand it, the clubs agree on the rules/regulations and they appoint the  EFL to administer those rules/regulations.

Obviously, there are regulations that come from outside the EFL but its still down to the clubs to interpret them and instruct the EFL to administer them - stand to be corrected but thats how I see it.

 

 

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1 hour ago, Mr Popodopolous said:

Hmmmmm...

EFL meeting at midday.

Here's MY hope of what will be announced- obviously a reversal and saving but also, a bit of a wishlist:

  1. Bury saving.
  2. A FULL investigation into both Bolton and Bury, with legal action against the likes of Anderson, Dale, and yes Harvey etc if failings applicable and punishable by law are found.
  3. New Independent body for EFL financial regulation- TRULY independent.
  4. Changes to certain FFP loopholes, which should never have been lifted in the first place.
  5. Perhaps dare I dream, an investigation into certain clubs who exploited said loopholes- a full and independent one at that, with FFP submissions retrospectively adjusted and points docked if necessary- with the punishment for Aston Villa either to be applied by PL or kept in reserve for if/when they return.

Obviously the first one is the main one but any of the other 4 would be excellent and a very nice bonus. Long overdue in the case of 3 and 4 as well!

That would be nice

I have a feeling its more likely to be along the lines of - "Lunch was great! poached quail eggs salad, roast venison with sauteed red cabbage and parmentier potatoes all washed down with a nice Chataeu Latour at £600 per bottle."

 

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4 minutes ago, cityal said:

That would be nice

I have a feeling its more likely to be along the lines of - "Lunch was great! poached quail eggs salad, roast venison with sauteed red cabbage and parmentier potatoes all washed down with a nice Chataeu Latour at £600 per bottle."

 

Sadly, will closer to that than my wishlist I fear...

Still, the first one on my list WILL be addressed, I'm sure of it. The rest are for another day.

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