Afc Wimbledon started in the 9th division of English football in 2002, now they are in league 1, with Bolton bury and MK Dons. It can be done, but it's a long road back. Just reading the above posts, and without knowing all the facts, is it correct to say that the owner of bury basically paid £1 and now owns gig lane.... Maybe that was the plan all along.
Yeah, pleased for them. Pleased for someone I know who loves that club.Bolton offalEven after he's gone, Eddie Davies looking after them.
My sisters in-laws are from Bury and I have shared a few drinks with their fans, nice bunch.Clubs like Bury are as important to football in the UK as Liverpool, let’s not forget Ian Rush came from another small lower league team. Bury’s demise will hopefully force the Football League to make its Fit and Proper Persons test more rigorous, while serving as a wakeup call to other smaller teams living beyond their means.I hope a new Bury can rise through the leagues and sooner or later be back in the Football League.
Bury's former owner Sewart Day has started another group of companies called Vivo. Who the hell would trust this guy with their investments?
More to the point, why the hell hasn't he been given a life ban from holding directorships etc? He's leaving a trail of wreckage wherever he goes!
Some more Bolton related stuff from Nieve. <a href="https://www.youtube.com/v/5_SLHMtv2e0" target="_blank" rel="noopener noreferrer" class="bbc_link bbc_flash_disabled new_win">https://www.youtube.com/v/5_SLHMtv2e0</a>
Any follow up now that the sale has gone through from this lass?
Literally just started watching it. <a href="https://www.youtube.com/v/dLcf6cv3Gz4" target="_blank" rel="noopener noreferrer" class="bbc_link bbc_flash_disabled new_win">https://www.youtube.com/v/dLcf6cv3Gz4</a>
@ Veinticinco de Mayo The way you talk to other users on this forum is something you should be ashamed of as someone who is suppose to be representing the site.
Ta mate. Good luck to them.
The EFL’s review into the expulsion of Bury last August has recommended that the league strengthen its financial fair play rules, blaming the club’s collapse on the current system that allows owners to fund players’ wages.The review, conducted from the EFL’s own Bury files by Jonathan Taylor QC, details the dramatic increase in spending on wages after the Lancashire property developer Stewart Day took over the club in 2013. Just four years later, wages had increased threefold to £4.5m, while the club’s revenues grew by less than 50% to £3.2m, so Bury were spending 140% of their entire turnover on wages alone.Under Day, the club were persistently late paying other clubs and loan players’ wages, but he did put £11.5m into Bury. However, when his property companies began to collapse into administration – owing millions to investors and creditors – the club was “effectively insolvent”, the review states.Reviewing Bury’s calamitous demise under the ownership of Steve Dale, who bought the club from Day for £1 in December 2018, Taylor questions whether the EFL’s owners’ and directors’ “fit and proper persons” test is itself “fit for purpose,” and recommends changes to the takeover rules. However these are “moot”, he says, because the core cause of the collapse was the reliance on funding from Day, which was then lost.“The real problem is that the EFL’s Salary Cost Management Protocols [its financial fair play rules] do not require League One and Two clubs to pay player wages out of normal operating income, but instead permit them to fund much higher spending through cash injections from the club owner,” the review concludes. “That means the club becomes entirely dependent on the owner remaining ready, willing and able to sustain that level of funding, and if the flow of funds is cut off, the club is immediately plunged into financial crisis.“I do not see how this furthers the stated objectives of the EFL’s financial fair play rules (to introduce more discipline and rationality in club football finances; to encourage clubs to operate on the basis of their own revenues; to encourage responsible spending for the long-term benefit of football; and to protect the long-term viability and sustainability of EFL football).”
The review will be chaired by the Honourable Member for Chatham and Aylesford [former Sports and Culture minister Tracey Crouch] and will be a root-and-branch examination of football in this country.It will cover the financial sustainability of the men’s and women’s game, financial flows through the pyramid, governance regulation and the merits of an independent regulator.Crucially, in light of this weekend’s proposal, it will also consider how fans can have an even greater say in the oversight of the game, and the models which might best achieve that.
