Bury FC

[silent majority]

Dale has just been on TalkSport and asked Bury fans to see if they can raise £2.7m by the end of the day.  It suggests that talks with the interested parties are not going well.

The thing is, Dale doesn't want the £1 he paid for the club, he wants what he thinks is the true value of it. Plus he expects to recoup all the money he's spent on the club while he's been owner!!

This is why the situation is so bad, he's completely unhinged about it, unless he really does want to screw the club in the ground to get some other benefit. I asked earlier in the thread...who owns the ground - and would they benefit from there not being a football club using it any more?

I'd just like to point out that Gigg Lane has an ACV lodged against it.

Which means that Bury supporters can block any sale of the ground if they wish, negating Dale's position to a point.

[Glyn_Wigley]

Dale has just been on TalkSport and asked Bury fans to see if they can raise £2.7m by the end of the day.  It suggests that talks with the interested parties are not going well.

The thing is, Dale doesn't want the £1 he paid for the club, he wants what he thinks is the true value of it. Plus he expects to recoup all the money he's spent on the club while he's been owner!!

This is why the situation is so bad, he's completely unhinged about it, unless he really does want to screw the club in the ground to get some other benefit. I asked earlier in the thread...who owns the ground - and would they benefit from there not being a football club using it any more?

I'd just like to point out that Gigg Lane has an ACV lodged against it.

Which means that Bury supporters can block any sale of the ground if they wish, negating Dale's position to a point.

Good for them! But what's the situation if Bury FC goes into liquidation and therefore doesn't exist any more - would the ACV go into abeyance and the ground can then be sold by the liquidator to pay the creditors, or does the ACV still hold some water in that situation?

[glosterred]

Dale has just been on TalkSport and asked Bury fans to see if they can raise £2.7m by the end of the day.  It suggests that talks with the interested parties are not going well.
[/quot

The thing is, Dale doesn't want the £1 he paid for the club, he wants what he thinks is the true value of it. Plus he expects to recoup all the money he's spent on the club while he's been owner!!

This is why the situation is so bad, he's completely unhinged about it, unless he really does want to screw the club in the ground to get some other benefit. I asked earlier in the thread...who owns the ground - and would they benefit from there not being a football club using it any more?

I'd just like to point out that Gigg Lane has an ACV lodged against it.

Which means that Bury supporters can block any sale of the ground if they wish, negating Dale's position to a point.

SM, if Bury go out of business does that ACV still stand and do the fans of a club that no longer exists have a say?


COYR

[silent majority]

An ACV is an ACV, it doesn't disappear.

[DearneValleyRover]

Dale has just turned down another bid and stated the Club isn’t for sale as there aren’t any suitable buyers, Jesus wept talk about the pot calling the kettle. Looking very likely as RIP Bury FC

[drfchound]

Dale has just turned down another bid and stated the Club isn’t for sale as there aren’t any suitable buyers, Jesus wept talk about the pot calling the kettle. Looking very likely as RIP Bury FC

So are they getting (yet another) extension from the EFL or has their race been run?

[Glyn_Wigley]

Dale has just turned down another bid and stated the Club isn’t for sale as there aren’t any suitable buyers, Jesus wept talk about the pot calling the kettle. Looking very likely as RIP Bury FC

Sky Sports News has just been saying there are two bids on the table, one Italian,one UK-based..?

[5 on Tour]

Dale has just turned down another bid and stated the Club isn’t for sale as there aren’t any suitable buyers, Jesus wept talk about the pot calling the kettle. Looking very likely as RIP Bury FC

So are they getting (yet another) extension from the EFL or has their race been run?

As it stands nothing has changed and they have until Midnight. The EFL aren’t going to let a maybe bid stop the expulsion. As they also now own part of the club they also have to agree to sell in full before anything else can progress and apparently no-one has approached them for that share as of yet. 3 hours and 46 minutes to save one of the oldest clubs in England.

[DonnyOsmond]

The local MP sounds like he's got in touch with a promising buyer. The MP has got them in touch with Accrington chairman to discuss a few things and they're supplying the EFL with proof of funds. Just Dale to sort out.

[Dr Fundlekrotch]

Not so promising.  From the Bury Times just now:

Italian bidder looks to be Joseph Cala. Involved in disastrous season at Gateshead last year and tried to get involved at Morecambe and Portsmouth during their financial problems.

He's just told Sky Sports News that Dale "won't sell the club and wants it to be expelled".

[Dr Fundlekrotch]

More from the Bury Times:

"We also understand that having gone public about his interest earlier in the week Joe Sealey looks to be one of those in the mix as the clock ticks down.

Former Nottingham Forest owner Fawaz Al-Hasawi also showing an interest. He was recently linked to the Bolton Whites Hotel, in administration and attached to the University of Bolton Stadium."

Joe Sealey is Les Sealey's son.  He said on Wednesday that he would talk to Dale but not on the terms currently demanded.  This really is horrible.  Been hooked all day but its like a slow motion car crash where you know its not going to end well but can't look away.  Desperately feel for the Bury community

[Pancho Regan]

When I say we don't have any debts then we don't have any, that's loans or otherwise. If there are no loans to call in then your scenario doesn't exist.

I almost wish we could have this comment from SM carved into stone and placed at the foot of the statue on the approach to the KM Stadium.

Or maybe placed as a ‘sticky’ on here so that every time some individual starts moaning about the ambition of our Board, or our non-existent budget, or how our owners don’t really care about the football side of the club...... we could just say “refer to above”.

[Colin C No.3]

A nice thought Pancho but too many ‘agenda’s’ on here for that to be understood & appreciated unfortunately.

[Dr Fundlekrotch]

8:45 -  Dale says he has no bids for Bury
9:10 Daily Telegraph says he has

[drfchound]

Well, 25 minutes have passed to be fair.

[RedJ]

Rumours on twitter that a deal has been struck to save the club.

[les@donr]

Question is which club and community will be next? one card falls .....

[rich1471]

When I say we don't have any debts then we don't have any, that's loans or otherwise. If there are no loans to call in then your scenario doesn't exist.

I almost wish we could have this comment from SM carved into stone and placed at the foot of the statue on the approach to the KM Stadium.

Or maybe placed as a ‘sticky’ on here so that every time some individual starts moaning about the ambition of our Board, or our non-existent budget, or how our owners don’t really care about the football side of the club...... we could just say “refer to above”.

Lets have a crowd funder i will donate £50   for this dont know how to start it , if it set in stone

[rich1471]

Bury has been sold says dale

[Glyn_Wigley]

The important statement though is the one from the EFL saying they've seen assurance of funds.

[big fat yorkshire pudding]

No, the important thing is understanding who, why and what they plan to do...

[silent majority]

Look, as far as we are concerned, and we've been involved for quite some time, the agreement is on on heads of terms only. There's a lot to do before any of this is done and dusted.