Skip to main content

EFL could not have saved Bury

Any additional action by the English Football League to try to help save Bury FC 'would not have made any difference to the eventual outcome', an independent review has concluded.

The following statement has been issued by the EFL: 'The EFL’s Board of Directors commissioned the Bury FC Review in September 2019 to review and assess the circumstances leading to the withdrawal of Bury FC’s membership of the League on 27 August 2019. In particular, the review considered the manner in which the EFL’s regulations and procedures, and the EFL’s policy in respect of insolvent clubs, were applied by the EFL to Bury FC, and to what effect.

In his report, issued to Clubs in advance of the meeting, Mr Taylor sets out in detail the chronology of events following the acquisition of the Club by Stewart Day in May 2013, its subsequent sale to Steve Dale in December 2018, and the eventual withdrawal of its membership of the EFL in August 2019.

After considering the steps taken by the EFL at each stage, Mr Taylor concludes that the League spent significant time and effort monitoring the situation at Bury FC and applying its regulations to try to force the Club and its owners to meet their commitments. He notes that while it can always be argued, with the benefit of hindsight, that more could have been done, any additional action would not have made any difference to the eventual outcome, which was ultimately caused by a lack of owner funding.

Under the terms of reference for the review, Mr Taylor was not required to make any recommendations regarding changes to EFL Regulations, However, his report makes a number of observations about potential changes which will feed into the ongoing reviews of divisional cost control measures provided for by the Profitability and Sustainability rules in the Championship and Salary Cost Management Protocol in Leagues One and Two, that are already being led by Clubs and the review of other regulations and procedures being led by the Board. It is expected that specific changes will be brought forward for ratification at the EFL’s AGM in June 2020.'

It will be interesting to read the full report when it is issued.

Labels:

Comments

Post a Comment

Popular posts from this blog

It's no deal say Spurs insiders over Taiwanese takeover

Senior figures at Tottenham Hotspur insisted on Friday that they had not been informed of any deal to sell Daniel Levy’s stake in the club. A business group, Eight Sports Capital — which is said to include a billionaire Taiwanese financier — claimed that it had an agreement in place to buy a 24.99 per cent stake in ENIC, the club’s majority owners, from Levy, who owns 29.88 per cent. The Times has been told Ng Wing Fai and Brooklyn Earick form part of the group, having both been linked previously to potential takeovers of the Premier League club. The Taiwanese businessman, Richard Tsai, is also said to be part of the consortium. He is reportedly worth £7 billion.  Last year Earick, the former DJ and tech entrepreneur, was part of an attempted £4.5 billion takeover, which was “unequivocally rejected” by Spurs.  An ENIC spokesperson said: “We can confirm that neither ENIC nor THFC are aware of any sale by Daniel Levy’s Family Trust of its minority stake in ENIC, THFC’...
Post a Comment
Read more

Reports about Charlton sale exaggerated

Reports have appeared in The Guardian and elsewhere that Charlton has been put up for sale. Richard Cawley is an authoritative local journalist who runs a South London Sport substack site.  He reached out to the club yesterday evening to ask for comment on The Guardian’s article. Early indications from the club have been that nothing has changed since the story about them seeking investment, except that it is now a different company doing it. Charlton have since managed to consolidate their place in the Championship, avoiding an instant return to League One, with their women’s side promoted to the WSL, returning to the top flight for the first time since 2007, although staying there is likely to be costly. It would be counter-intuitive for owners Global Football Partners not to progress the club when looking for investment, that the focus remains on driving it forward, that their spend this summer is in line with long-term planning and will see an increase in wages spent on players...
Post a Comment
Read more

Hull City's 'strange' loan

When football finance guru Kieran Maguire seems flashing lights in a club's loan deal, I become concerned.  He is the leading football finance expert in the UK. Hull City have borrowed £55m against their stadium and training ground yet they should get £30m from the Premier League before long.  What is going on? https://www.bbc.co.uk/sport/football/articles/cpwel48y51do
Post a Comment
Read more