Skip to main content

Bury owner asks fans to stump up

Bury owner Steve Dale has asked fans and local businesses to raise £2.7m by the end of today to save Bury from expulsion from the Football League. Given his track record, he's got a nerve: Fans pledge sought

Dale agreed the Bury takeover rapidly in December with the former owner Stewart Day, a property developer who was facing several of his companies falling into multimillion-pound insolvencies leaving scores of investors unpaid. It is widely agreed that Day pumped money into the club beyond a scale that was sustainable.

Many Bury supporters were immediately concerned that Dale's business record appeared to consist largely of buying failing companies, selling their assets and seeing them liquidated or dissolved.

One Bury fan speaking on Radio 5 made the point that neither of the last two owners had any emotional connection with the club which had not been the case in the past.

It has been suggested on social media that Bury should 'do a Rangers' and start again at the bottom. But they do not have the resources of Rangers and there are many former Football League clubs still languishing in the non-league pyramid.

There are supposedly four parties interested in purchasing the club and the EFL may agree to the short extension to the expulsion deadline requested by the sports minister.

Comments

Popular posts from this blog

Wolves get raw deal from FFP

  I used to see a lifelong Wolves fan for lunch once a month.   He was approaching ninety, but still went to games.   Sadly he passed away the other week. As football finance guru Kieran Maguire has noted, Wolves continue to be constrained by financial fair play rules.  Radio 4 this morning described them as this year's 'crisis club' and the pessimists have certainly been piling in. Martin Samuel wrote sympathetically in the Sunday Times yesterday, saying that the Premier League drives talent away with regulatory red tape: 'Why could Al-Hilal sign Neves? Because Wolves needed the money. And why did Wolves need the money? Because the club had to comply with an artificial construct known as financial fair play. So Wolves are going skint, yes? No. There is no suggestion that Wolves are in financial trouble, only that they are failing to meet the rigours of FFP. Wolves’ owners appear to have the money to run the club, and invest in the club, and in fact came up with a pow

Gold standard ground boosts Tottenham's income

The gold standard in European football grounds is the Tottenham Hotspur stadium in north London, a £1bn construction project completed in 2019. Its impact on the club’s finances has become increasingly clear as the effects of the pandemic have faded. Previously, the average fan would spend less than £2 inside the ground on a typical match day, but now that figure is about £16, thanks to new facilities including the longest bar in Europe and an on-site microbrewery. Capacity has gone up from 36,000 at the club’s previous home of White Hart Lane to 62,000.  The new stadium — built on land adjacent to White Hart Lane — has opened the door to a broad range of other events that have helped to push commercial income up from €117mn in 2018 to €215mn in 2022. Last year, Tottenham hosted US singer Beyoncé for five nights on her global Renaissance tour, two NFL matches, as well as rugby games and heavyweight boxing bouts.  Money brought in from football has gone up too. Match day income is

Charlton takeover approved

The long awaited takeover of Charlton Athletic by SE7 Partners from Thomas Sandgaard has been approved:  https://londonnewsonline.co.uk/se7-partners-obtain-efl-approval-for-charlton-athletic-takeover/ Charlton have had unhappy experiences with owners for over a decade, so how this works out will remain to be seen.  There is certainly potential there, but will it be realised? This interview with Charlie Methven gives detail not available elsewhere:  https://thecharltondossier.com/charlie-methven-on-the-record/