Bury : No Wages

[ElectroClaret]

BBC north west news....say players at Gigg Lane haven't received their wages for March.

Seems to be catching....

[Chester Perry]

you can add Macclesfied to that list

[Buxtonclaret]

It's all unsustainable.
Not sure what the answer is other than a few clubs go.

[AlargeClaret]

I’m no socialist but there just has to be a money stream coming down through the leagues from the bloated money madness in the prem . Maybe 25 mil for a bottom 2 divisions split

[dougcollins]

Welcome brother.

[randomclaret2]

The Premier League gives more than that to Leagues 1 and 2 already.

[JohnMac]

That'll maybe explain why they have shafted me on my Acca these past two games

As for Premier League money I can't ever see it happening to support clubs free spending and the longer it goes on the more clubs will be forced to go part time, Perhaps it's the right thing anyway as there are too many clubs chasing the rainbow.

[Chester Perry]

I’m no socialist but there just has to be a money stream coming down through the leagues from the bloated money madness in the prem . Maybe 25 mil for a bottom 2 divisions split

you should read up on Andy Holt raised on Stoops estate and now Chairman/owner of Accy Stanley - if the press want someone in the football league to tell them how messed up footbal finances are he is the first port of call and happy to contribute


https://twitter.com/AndyhHolt

[Jakubclaret]

That'll maybe explain why they have shafted me on my Acca these past two games

As for Premier League money I can't ever see it happening to support clubs free spending and the longer it goes on the more clubs will be forced to go part time, Perhaps it's the right thing anyway as there are too many clubs chasing the rainbow.

Agree, i can't see money getting distributed downhill not to the extent of survival, players get paid obscene amounts i get it's a short career some go into coaching & media work afterwards, but do they need in excess of 50k a week to survive that's for a top player, you could sensibly save & retire & live comfortably afterwards with that sum, but the club's pay this so i don't know, it's a perpetual circle of greed with no immediate answers.

[elwaclaret]

Agree, i can't see money getting distributed downhill not to the extent of survival, players get paid obscene amounts i get it's a short career some go into coaching & media work afterwards, but do they need in excess of 50k a week to survive that's for a top player, you could sensibly save & retire & live comfortably afterwards with that sum, but the club's pay this so i don't know, it's a perpetual circle of greed with no immediate answers.

Why its incredible we're where we are. It was always meant to be the end of clubs like ours when Jimmy Hill championed the end to Max wages, then the Bosman fella sent it into orbit.

Football needs to take a long hard look at itself and decide what it wants, FFP is all well and good but its time a limited was put on spend in some version of what they do in the US. I know we're not set up for a draught sytem, but a set max budget for the seasons competition ( they have similar in Speedway, or did)

[cricketfieldclarets]

I’m no socialist but there just has to be a money stream coming down through the leagues from the bloated money madness in the prem . Maybe 25 mil for a bottom 2 divisions split

I don't see how it would work. Nice sentiment. But I don't think it would work without salary caps.

[Chester Perry]

I don't see how it would work. Nice sentiment. But I don't think it would work without salary caps.

Leagues 2 and 2 have a salary cap of sorts 60% and 50% of turnover - it is not popular

[Chester Perry]

Now hit with a winding up petition of their own - from Chris Brass

https://www.burytimes.co.uk/news/175471 ... ref=twtrec

[ElectroClaret]

Hope they're OK, good club Bury.
Stans old club as well.

Reading that article it seems their financial troubles go deeper than people thought.

[NickBFC]

Over the past few seasons, clubs going under has become more common and it's climbing the football pyramid. It won't be long before a League Two club falls by the wayside. The wages being paid for 4th tier football, with sometimes crowds only just in four figures isn't sustainable. I would hazard a guess there aren't many countries running four professional leagues (and most of the National League sides are full time now, madness). I hope Bury can over come their issues, but I did think a couple of years ago when they moved into Man City's old training complex they had ideas above their probable budget.

[Burypaddy]

Another club that wasted money in the past when they didn't have it. Plus the amount of stick when they were above us in league status was horrendous, horrible gobshites or am i biased?

[bfcjg]

They need to pool resources with the other car crash club and merge. Burton.

[cricketfieldclarets]

Too many clubs in the northwest.

Lets swallow them all up and become a northern powerhouse.

We could have a 2bn stadium to smash spurs out of the water.

[DAVETHEVICAR]

Must cost a fortune to use the Training Facilities at Carrington

[Chester Perry]

Chairman has issued a Statement

https://www.buryfc.co.uk/news/2019/apri ... -chairman/

- What is it about Due Diligence and buying football clubs - is it incompetence our just a more skilful set of scoundrels

[Chester Perry]

This today about the former Chairman of Bury who sold his pup of a club in December - (kind of makes me think of someone closer to home)

https://www.burytimes.co.uk/news/175604 ... 27million/

Club in the High Court tomorrow for it's winding-up order

[Chester Perry]

A stay of execution for Bury - though HMRC are leading the case now with Chris Brass still on the petition

https://www.bbc.co.uk/sport/football/47879678

[Vegas Claret]

You can thank Jimmy hill for getting rid of the wage cap

[ClaretTony]

I saw the Chris Brass one last week. They must owe him a lot of money. He’s back working at Burnley now of course.

The new owner only bought Bury just before Christmas. His due diligence must have been lax.

[Blackrod]

If they paid sensible wages then they might be able to afford to pay them.

[TheFamilyCat]

I was working with a Bury fan at the start of last season when they were spending a lot of money. He said at the time that nobody really knew where the money was coming from and most fans thought the owner had borrowed using the club as security.

I think I posted on here about it at the time that it was a disaster waiting to happen.

The problems there are definitely a legacy of the previous owner.

[ZizkovClaret]

I saw the Chris Brass one last week. They must owe him a lot of money. He’s back working at Burnley now of course.

The new owner only bought Bury just before Christmas. His due diligence must have been lax.

What's Brass doing at Burnley? That BBC story has him as head of football ops at Wigan?

[Chester Perry]

Suggestions now that Bury players are about to go on strike over unpaid wages and that would include not playing Saturday's game

https://twitter.com/SportsPeteO/status/ ... 0303604736

which is a bit of a contrast to what the Chairman said today

https://www.manchestereveningnews.co.uk ... n-16106858

[Tricky Trevor]

I saw the Chris Brass one last week. They must owe him a lot of money. He’s back working at Burnley now of course.

The new owner only bought Bury just before Christmas. His due diligence must have been lax.

Pretty sure I read last week his case was for £200k. Link says £277k.
https://www.bbc.com/sport/football/47879678

[ClaretTony]

What's Brass doing at Burnley? That BBC story has him as head of football ops at Wigan?

He was at Burnley - hadn't realised he'd moved to Wigan.

[Chester Perry]

The due diligence bit is an interesting one - things can get hidden in the accounts which don't come to light until the feet get under the table - take Cambridge for instance - https://twitter.com/KieranMaguire/statu ... 9523612673 - the real questions in these circumstances are have the auditors been complicit, lacking in rigour, duped or been persuaded of the legitimacy of the approach. I would be asking serious questions

[ClaretTony]

The due diligence bit is an interesting one - things can get hidden in the accounts which don't come to light until the feet get under the table - take Cambridge for instance - https://twitter.com/KieranMaguire/statu ... 9523612673 - the real questions in these circumstances are have the auditors been complicit, lacking in rigour, duped or been persuaded of the legitimacy of the approach. I would be asking serious questions

I always thought the previous bloke was dodgy. He was all talk with none of his promises coming to fruition.

[ZizkovClaret]

The due diligence bit is an interesting one - things can get hidden in the accounts which don't come to light until the feet get under the table - take Cambridge for instance - https://twitter.com/KieranMaguire/statu ... 9523612673 - the real questions in these circumstances are have the auditors been complicit, lacking in rigour, duped or been persuaded of the legitimacy of the approach. I would be asking serious questions

It isn't just in football. Look at the Co-op's purchase of Britannia.....

[aggi]

The due diligence bit is an interesting one - things can get hidden in the accounts which don't come to light until the feet get under the table - take Cambridge for instance - https://twitter.com/KieranMaguire/statu ... 9523612673 - the real questions in these circumstances are have the auditors been complicit, lacking in rigour, duped or been persuaded of the legitimacy of the approach. I would be asking serious questions

2017 accounts for Cambridge were unaudited (they're not big enough to require one) and filleted so there wasn't anyone to pick up the discrepancies and you can't tell much from what is filed.

Due diligence should involve much more than a look at the accounts though. Done properly you should have unfettered access to accounting systems, bank accounts, permission to contact suppliers/customers, etc

Often not done properly though, just look at Autonomy and HP.

[Chester Perry]

A very clear statement from the new owner of Bury about the shit-show they bought - (be aware that the previous owner has had at lest 3 of his companies put into administration in the last month and likely that more will follow) - it is obvious they have been talking a lot to Andy Holt at Accrington, he will have urged them to be as transparent with the fans as possible - which they are being here

https://www.buryfc.co.uk/news/2019/apri ... -chairman/

confirmation about Stewart Day's business collapse
https://www.burytimes.co.uk/news/175604 ... 27million/
https://www.burytimes.co.uk/news/175669 ... -wound-up/

this is a guy who worked in a similar way to Brendan Flood, there but for Wade Elliot (is how I sometimes feel)

[Top Claret]

Bury are in a right old mess. We should be grateful to the people who have been running our club over the last 20 years. I hope the new chairman who seems genuine and has the best interest of the club at heart, can keep things ticking over

[Chester Perry]

Bury despite their financial woes could get promoted tonight at Tranmere - 1 point required

https://www.burytimes.co.uk/sport/17606 ... promotion/

[dsr]

What's Brass doing at Burnley? That BBC story has him as head of football ops at Wigan?

Either way, it's clear there's no Brass at Bury.

(I'll get my coat!)

[Bordeauxclaret]

Just equalised. A draw sends them up.

[Chester Perry]

Drew - Promoted

[Bordeauxclaret]

Big boost for them.

[Chester Perry]

Meanwhile Macclesfield who need a point at the weekend to stay in the league have not been paid on time for a 3rd consecutive month today

https://www.bbc.co.uk/sport/amp/footbal ... ssion=true

[Chester Perry]

In a case that is beginning to closely resemble near neighbours Bolton - Bury have had a winding up petition adjourned again so that they can be sold

https://www.bbc.co.uk/sport/football/48283172

[bfcjg]

All these teeny tiny clubs including Blackburn really ought to go part time.

[Chester Perry]

All these teeny tiny clubs including Blackburn really ought to go part time.

I am sure the same was said about us not so long ago - these clubs often represent the soul of their communities and for the PL, FA, EFL and even PFA to stand by and allow these owners to bet the ranch without any comeback except to the fans is a sad inictment of their responsibilities and society in general. Whether performance on the field is good or bad, betting the ranch for your own ego is just wrong in football, the club has to remain for the fans

[ClaretTony]

Statement issued by their players today

62639B47-72F6-4B72-8A3C-0B47C40942AA.jpeg (243.3 KiB) Viewed 8200 times

[claret_in_exile]

They need to pool resources with the other car crash club and merge. Burton.

Isn't there about 100 miles between the two?

They're close in the alphabet, but that's about it.

[Duffer_]

Isn't there about 100 miles between the two?

They're close in the alphabet, but that's about it.

Will you tell him/her, or shall I?

UTC!

[claret_in_exile]

Will you tell him/her, or shall I?

UTC!

Are you assuming my gender?

[Duffer_]

Are you assuming my gender?

Quite the opposite but I was assuming the BURy bolTON merger had gone over your head. Was I wrong?

UTC!