Ecclesfieldz owl Posted August 12, 2019 Share Posted August 12, 2019 49 minutes ago, Maddogbob said: The same as me I think (i won two tickets). According to the management company, if the game is played, my original ticket is vaild. If something else happens, well get back to you (in this event I imagine you get a full refund from the club.) Cheers Link to comment Share on other sites More sharing options...
Maddogbob Posted August 12, 2019 Share Posted August 12, 2019 (edited) 20 minutes ago, Ever the pessimist said: True. Perhaps it’s more accurate that it’s perverse how such money can be recycled amongst the rich while the same sums would be so needed by those further down the food chain. Oh totally agree. Trouble is those with the money, now wont let go. Im pretty sure they would prefer two full time leagues and then regional part time leagues. A bit like spain. Ie trim the fat, so they can get richer. The amount of money lost out of the game, each year is astonishing. It could probably prop up, a small country. Edited August 12, 2019 by Maddogbob Link to comment Share on other sites More sharing options...
theowlsman Posted August 12, 2019 Share Posted August 12, 2019 1 hour ago, The only way is S6 said: Not like you to be so touchy. Is it the trees thing? I was just laughing at the increased queues due to less parts of the ground being open, as people who don't go regularly get confused about where to go in. Fk all to do with revenue, as we should have given the whole gate receipts to help pay the Bury staff imo, so we'd have gained nothing financially. Pros & cons for the match suspension. If we get a bye, we may get a plum draw, whereas we might have lost to Bury & been out. So a potential banana skin overcome. I remember being in the queue on the Kop for a pie, back in our League 1 days, listening to two guys in front moaning about part time supporters. Said they'd prefer for us to stay in League 1 as they could leave it late and get straight to their seats. No issues with parking either. I think part time supporters have realised what a burden they are to the club and have stopped imposing themselves on everyone. Thinking about it the increase in ticket prices were probably a good thing for everyone concerned. Bloody part time supporters. FFS 1 Link to comment Share on other sites More sharing options...
Guest Posted August 12, 2019 Share Posted August 12, 2019 2 hours ago, bradowl said: Unbelievable Jeff!!! Demise of Bury Football Club Sometimes football clubs overstretch themselves to try to get promotion – and go bust. This is not one of those cases. A criminal has taken control of Bury Football Club, taken all of its money, and left it with debts. An associate of the criminal was then given the club with the instruction to close it down. The criminal has also defrauded hundreds of investors of over £30,000 each via his Mederco schemes. A quick search on Google under the Stewart Day Mederco will show how popular he is with people who gave him their life savings. The above is taken from a post on ming central which seems to be a pretty good guess as to what has caused all this mess. At what point did the EFL, who are on the verge of throwing this 130+ year-old club out of the league, deem these 2 people to be 'fit and proper' to run the football club? Link to comment Share on other sites More sharing options...
Lawrie Madden Posted August 12, 2019 Share Posted August 12, 2019 52 minutes ago, Maddogbob said: Devils advocate time... Sets a dangerous president, over spend? Dont worry the epl will bale us out. Precedent ..................Trumps a dangerous President 2 Link to comment Share on other sites More sharing options...
cognacbarnowl Posted August 12, 2019 Share Posted August 12, 2019 3 hours ago, bradowl said: Unbelievable Jeff!!! Demise of Bury Football Club Following the close shave in 1999, Bury FC was run on a tight leash – each year the club would make a profit or loss of about £250,000 and things were kept in balance. The crown jewel of the club was Gigg Lane which would never be put at risk. Towards 2014, the debt spiked up to £700,000. The then owners were committed to NOT raising money by mortgaging Gigg Lane. A meeting was held at which the shareholders were introduced to a self-confessed Property Developer who was a Huddersfield fan – Stewart Day. He committed to put £1,000,000 of his own money into the club and therefore save the club. He purchased half the shares in the club. Immediately he: 1) Appointed himself Managing Director and Chairman, as well as Owner 2) Borrowed £1,000,000 from an organisation named Cash for Assets at an interest rate of 10% per month. That meant that every month Bury FC was paying £100,000 in interest to this bank 3) Cash for Assets was owned by Stewart Day so he was paying himself £1,200,000 per annum 4) Removed the supporter’s representative from the Board so that his decisions could not be challenged or indeed, made publicly known 5) Hired a security firm to protect him and his associate Glenn Thomas 6) Changed the Annual Accounts format. Formerly the Accounts showed Playing Wages and Non-Playing Wages – obviously Non-Playing Wages was a small amount in a club like Bury. Under Stewart Day the wages were rolled together and increased by over £1,000,000 per annum – it is highly likely that a large amount of this was payments of salaries to Stewart Day and Glenn Thomas Over the next four years, Bury FC, a little club which had historically reported losses or profits of around £250,000 per annum suddenly started losing money at a rate of £2,500,000 each year. At some stage Stewart Day mortgaged the Gigg Lane ground to a company called Capital Bridge Financing for £3,600,000. Of this sum, it has been stated, only £2,400,000 went to Bury FC. The sum of £1,200,000 was paid to somebody as an Introduction Fee. The remaining £2,400,000 was available for Stewart Day to pay himself his inflated salary. Each year the club would sell players valued at more than £1,000,000 but every year the accounts still showed a loss of £2,500,000 or more. Where could the money be going? At the end of 2018, Stewart Day decided that he had taken out enough money and decided to sell the club. To get the best price it would be usual for a club owner to announce a sale, and then review the offers and accept the best offer. Stewart Day sold the club for just £1 to a business associate Steven Dale from Cheshire. Unfortunately at this exact time, the other eight businesses owned by Stewart Day all went bust owing a sum which might be £27,000,000 or more. His Mederco companies issued prospectuses promising investors returns of 12% per annum if they invested just £30,000 into Stewart Day’s new Student Housing blocks in Bradford, Manchester etc. By an absolute fluke, they all went bust at the same time, and investors have lost everything. A petition has been started by furious investors trying to ban Stewart Day from ever running a business again. Stewart Day has recently created eight new Limited companies and it looks like he will begin his cycle again. His personal wealth does not appear to have been reduced. Steven Dale has a unique business history in that he has never run a club as a going concern – his career has been in closing down businesses through liquidation – Companies House state that he has owned and liquidated 39 companies in his chequered career. He has proudly boasted that he has not put a penny of his own money into Bury Football Club – his £1 went to Stewart Day personally. Why would Stewart Day sell the club for £1 when much higher offers would have been on the table. The likelihood is that he was keen for Bury Football Club to close, for its bank accounts to be terminated, and for all record of any nefarious activities to be eliminated – for that to happen he could not risk a reputable person purchasing the company, so he sold to Steven Dale. In March 2019, Steven Dale stopped paying staff at Bury Football Club. Three more home matches were played after this and the club received £250,000 gate money. None of this was offered to HMRC to defray debts owed. Despite this, the team won promotion to Division One. Through to the start of May 2019, salaries still were not being paid and Ryan Lowe departed and joined Plymouth. Plymouth paid compensation of £150,000 to Bury Football Club but again none of this money was showing in the accounts. The two MPS for Bury, James Frith and Ivor Lewis, got involved. Ivor Lewis wrote to the Serious Fraud Office and asked them to investigate Stewart Day and Steven Dale. James Frith worked with the supporters group, Forever Bury, and raised the profile of the case. The EFL have suspended the first three Bury matches of the 2019-20 season and will expel the club by next week unless Steven Dale can give a personal guarantee of £1,500,000 to ensure that the club can complete the season. Steven Dale cannot afford to put money into the club, or would prefer not to. However, there is a serious buyer who would like to buy the club – Steven Dale will not speak to the potential buyer. Why would he not sell when he knows that next week the club will be expelled from the Football League which we joined back in 1885. The only realistic reason is that he is working on behalf of Stewart Day to close the club down so that no evidence is available to the Serious Fraud Office and other bodies who would wish to investigate his activities. Sometimes football clubs overstretch themselves to try to get promotion – and go bust. This is not one of those cases. A criminal has taken control of Bury Football Club, taken all of its money, and left it with debts. An associate of the criminal was then given the club with the instruction to close it down. The criminal has also defrauded hundreds of investors of over £30,000 each via his Mederco schemes. A quick search on Google under the Stewart Day Mederco will show how popular he is with people who gave him their life savings. The above is taken from a post on ming central which seems to be a pretty good guess as to what has caused all this mess. Reading that my immediate response was, "Those poorfucking Bury fans." Hopefully the law of the land may be able to punish these two odious fucktards. Not that that will be any consolation to the supporters. Hopefully someone can come in and save them. FFS Link to comment Share on other sites More sharing options...
Ever the pessimist Posted August 12, 2019 Share Posted August 12, 2019 It’s scandalous and, as with our current ground issues, needs a decent investigative journalist with a decent platform to fully expose everything. Link to comment Share on other sites More sharing options...
nevthelodgemoorowl Posted August 13, 2019 Share Posted August 13, 2019 Whoever invented the term 'Fit and Proper Person' and entered it into the Football Association book of rules, should be made to eat the book of rules. Link to comment Share on other sites More sharing options...
bradowl Posted August 13, 2019 Share Posted August 13, 2019 I take it Previous owner arrived at club before fit and proper person rules came in. Link to comment Share on other sites More sharing options...
Drewswfc Posted August 13, 2019 Share Posted August 13, 2019 10 hours ago, bradowl said: Unbelievable Jeff!!! Demise of Bury Football Club Following the close shave in 1999, Bury FC was run on a tight leash – each year the club would make a profit or loss of about £250,000 and things were kept in balance. The crown jewel of the club was Gigg Lane which would never be put at risk. Towards 2014, the debt spiked up to £700,000. The then owners were committed to NOT raising money by mortgaging Gigg Lane. A meeting was held at which the shareholders were introduced to a self-confessed Property Developer who was a Huddersfield fan – Stewart Day. He committed to put £1,000,000 of his own money into the club and therefore save the club. He purchased half the shares in the club. Immediately he: 1) Appointed himself Managing Director and Chairman, as well as Owner 2) Borrowed £1,000,000 from an organisation named Cash for Assets at an interest rate of 10% per month. That meant that every month Bury FC was paying £100,000 in interest to this bank 3) Cash for Assets was owned by Stewart Day so he was paying himself £1,200,000 per annum 4) Removed the supporter’s representative from the Board so that his decisions could not be challenged or indeed, made publicly known 5) Hired a security firm to protect him and his associate Glenn Thomas 6) Changed the Annual Accounts format. Formerly the Accounts showed Playing Wages and Non-Playing Wages – obviously Non-Playing Wages was a small amount in a club like Bury. Under Stewart Day the wages were rolled together and increased by over £1,000,000 per annum – it is highly likely that a large amount of this was payments of salaries to Stewart Day and Glenn Thomas Over the next four years, Bury FC, a little club which had historically reported losses or profits of around £250,000 per annum suddenly started losing money at a rate of £2,500,000 each year. At some stage Stewart Day mortgaged the Gigg Lane ground to a company called Capital Bridge Financing for £3,600,000. Of this sum, it has been stated, only £2,400,000 went to Bury FC. The sum of £1,200,000 was paid to somebody as an Introduction Fee. The remaining £2,400,000 was available for Stewart Day to pay himself his inflated salary. Each year the club would sell players valued at more than £1,000,000 but every year the accounts still showed a loss of £2,500,000 or more. Where could the money be going? At the end of 2018, Stewart Day decided that he had taken out enough money and decided to sell the club. To get the best price it would be usual for a club owner to announce a sale, and then review the offers and accept the best offer. Stewart Day sold the club for just £1 to a business associate Steven Dale from Cheshire. Unfortunately at this exact time, the other eight businesses owned by Stewart Day all went bust owing a sum which might be £27,000,000 or more. His Mederco companies issued prospectuses promising investors returns of 12% per annum if they invested just £30,000 into Stewart Day’s new Student Housing blocks in Bradford, Manchester etc. By an absolute fluke, they all went bust at the same time, and investors have lost everything. A petition has been started by furious investors trying to ban Stewart Day from ever running a business again. Stewart Day has recently created eight new Limited companies and it looks like he will begin his cycle again. His personal wealth does not appear to have been reduced. Steven Dale has a unique business history in that he has never run a club as a going concern – his career has been in closing down businesses through liquidation – Companies House state that he has owned and liquidated 39 companies in his chequered career. He has proudly boasted that he has not put a penny of his own money into Bury Football Club – his £1 went to Stewart Day personally. Why would Stewart Day sell the club for £1 when much higher offers would have been on the table. The likelihood is that he was keen for Bury Football Club to close, for its bank accounts to be terminated, and for all record of any nefarious activities to be eliminated – for that to happen he could not risk a reputable person purchasing the company, so he sold to Steven Dale. In March 2019, Steven Dale stopped paying staff at Bury Football Club. Three more home matches were played after this and the club received £250,000 gate money. None of this was offered to HMRC to defray debts owed. Despite this, the team won promotion to Division One. Through to the start of May 2019, salaries still were not being paid and Ryan Lowe departed and joined Plymouth. Plymouth paid compensation of £150,000 to Bury Football Club but again none of this money was showing in the accounts. The two MPS for Bury, James Frith and Ivor Lewis, got involved. Ivor Lewis wrote to the Serious Fraud Office and asked them to investigate Stewart Day and Steven Dale. James Frith worked with the supporters group, Forever Bury, and raised the profile of the case. The EFL have suspended the first three Bury matches of the 2019-20 season and will expel the club by next week unless Steven Dale can give a personal guarantee of £1,500,000 to ensure that the club can complete the season. Steven Dale cannot afford to put money into the club, or would prefer not to. However, there is a serious buyer who would like to buy the club – Steven Dale will not speak to the potential buyer. Why would he not sell when he knows that next week the club will be expelled from the Football League which we joined back in 1885. The only realistic reason is that he is working on behalf of Stewart Day to close the club down so that no evidence is available to the Serious Fraud Office and other bodies who would wish to investigate his activities. Sometimes football clubs overstretch themselves to try to get promotion – and go bust. This is not one of those cases. A criminal has taken control of Bury Football Club, taken all of its money, and left it with debts. An associate of the criminal was then given the club with the instruction to close it down. The criminal has also defrauded hundreds of investors of over £30,000 each via his Mederco schemes. A quick search on Google under the Stewart Day Mederco will show how popular he is with people who gave him their life savings. The above is taken from a post on ming central which seems to be a pretty good guess as to what has caused all this mess. Where's the EFL been while all this has been going on.... Surely they knew what was going on? Link to comment Share on other sites More sharing options...
bradowl Posted August 13, 2019 Share Posted August 13, 2019 18 minutes ago, Drewswfc said: Where's the EFL been while all this has been going on.... Surely they knew what was going on? Too busy dealing with Fernando Forestieri. 1 Link to comment Share on other sites More sharing options...
Guest Bulgaria Posted August 13, 2019 Share Posted August 13, 2019 7 hours ago, Lawrie Madden said: Precedent ..................Trumps a dangerous President Wrong thread you idiot. Link to comment Share on other sites More sharing options...
torres Posted August 13, 2019 Share Posted August 13, 2019 9 hours ago, Ever the pessimist said: Perhaps poorly worded on my part.. I just disagree with the principle of it. The PL clubs giving that amount to the departing chief exec wasn’t great by any means, it would have been better spent giving it to youth football/reducing ticket prices or improving facilities Giving it someone who have broke the rules just seems nonsensical to me Link to comment Share on other sites More sharing options...
Lee Davies Posted August 13, 2019 Share Posted August 13, 2019 8 hours ago, nevthelodgemoorowl said: Whoever invented the term 'Fit and Proper Person' and entered it into the Football Association book of rules, should be made to eat the book of rules. Surprise Surprise it was a guy called DAVID RICHARDS Link to comment Share on other sites More sharing options...
kazads Posted August 13, 2019 Share Posted August 13, 2019 10 hours ago, Lawrie Madden said: Precedent ..................Trumps a dangerous President Oh dear..the places folks try to trash Trump... pathetic Link to comment Share on other sites More sharing options...
Ever the pessimist Posted August 13, 2019 Share Posted August 13, 2019 The draw for second round is after tonight’s Leeds game apparently. Link to comment Share on other sites More sharing options...
bradowl Posted August 13, 2019 Share Posted August 13, 2019 3 hours ago, Ever the pessimist said: The draw for second round is after tonight’s Leeds game apparently. We're number 22, ball number 6 at S6 would be nice. Link to comment Share on other sites More sharing options...
Ever the pessimist Posted August 13, 2019 Share Posted August 13, 2019 6 minutes ago, bradowl said: We're number 22, ball number 6 at S6 would be nice. 1 Link to comment Share on other sites More sharing options...
Big Jack Posted August 13, 2019 Share Posted August 13, 2019 We still have to play Bury!? Link to comment Share on other sites More sharing options...
owls maniac Posted August 13, 2019 Share Posted August 13, 2019 1 hour ago, Big Jack said: We still have to play Bury!? Unless they can prove funds in the next few days I imagine we'll get a by. Link to comment Share on other sites More sharing options...
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