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.

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/