Spiritater wrote:But they soon faded away, last gate back to what it was before the offer.
Thus proving the original point that we’re pricing young people out...
Spiritater wrote:But they soon faded away, last gate back to what it was before the offer.
part time pete wrote:When clubs make these loses, where does the cash come from, or is it just a paper loss and not real in some way.
Tippy Tappy Football wrote:.
Tippy Tappy Football wrote:A very interesting statement from Bury's new owner, Steve Dale.
Business
"Let’s be clear here; there would have been no Bury FC had we not took it on. Was it 100 times worse than we thought? Yes, it was."
"It has staffing levels akin to a Championship Club. We need £1.6m to pay wages, HMRC, pensions (not creditors) to the end of May, and we have a projected income of £180k for this period. As a comparable, our wage bill to end of May is equivalent to 2/3 of League One Accrington’s TURNOVER for the year."
"We asked the players, due to £250k of electric and water bills (along with numerous other bills) hitting, and monies not coming in as expected, if could they wait for their wages so we could keep the Club open; players agreed."
"Our team have done us proud on the field certainly, and as stated, we're two, perhaps one game away from League One, so job done and given my health, it’s time for me to move on with regret and reluctance, recent events have galvanized this resolve. Furthermore, over the last few days, I have received some expressions of interest. Given this, I would like to openly invite offers to me directly, to take over ownership of the Club."
https://www.buryfc.co.uk/news/2019/apri ... -chairman/
Tippy Tappy Football wrote:I hope John and Carolyn Radford will be complaining to the EFL if Bury win promotion and then go bust (along with Mark and Nicola Palios and Pete Winkelman).
Tippy Tappy Football wrote:There is some debate on the Bury Supporters Forum about when is meant by "the end of the season" under EFL rules. Some fans have pointed out that the EFL could say that the end of the season is not the 46th game but the League 2 play off final and so if Bury are wound up or go into admin before the Play Off Final then they could still be deducted points.
They won't be. It is a joke really that Bury could pip us to promotion when they have essentially cheated to get there but no less of a joke than the very existence of MK.
They haven't cheated. They're just spending well beyond their means.
arsene wengers coat wrote:They haven't cheated. They're just spending well beyond their means.
As for mk, Why have they cheated? Because they moved grounds you mean?
Tippy Tappy Football wrote:part time pete wrote:When clubs make these loses, where does the cash come from, or is it just a paper loss and not real in some way.
The losses are funded by loans from the owner or his companies which is the case at a lot of football clubs including the Stags.
Conker wrote:Am I right on saying that loans via owners cannot go towards the 55% income wage cap rule though? Meaning at Mansfield sponsorship has a big play via One call too?
part time pete wrote:Martin put a link up earlier in this thread. I think the salient facts are these
12.2
Cessation of membership. If a Club (or Clubs) ceases to be a member of The League for any reason (including, without limitation, pursuant to Article 4 of the Articles of Association or by way of relegation or expulsion for disciplinary reasons):
12.2.1
during any Normal Playing Season, its playing record shall be expunged and the number of relegation places from the relevant Division for that Season shall be reduced by the number of Clubs ceasing to be members;
12.2.2
during the period between the end of the Normal Playing Season and the conclusion of the last Play-Off Match for that Season, its playing record shall not be expunged but the number of relegation places from the relevant Division for that Season shall be reduced by the number of Clubs ceasing to be members; or
12.2.3
during the period between the conclusion of the last Play-Off Match and the start of the following Season, its playing record shall not be expunged but the number of relegation places from the Division in which a Club would have played but for its cessation of membership, shall be reduced by the number of Clubs ceasing to be members and, during that Season, the relevant Division shall operate with a reduced number of Clubs.
So if they survive after play off final then which ever division they would be in next season would run one short
If they go after season but before play off final, then one team less gets relegated ( not sure if that is League One or Two)
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