Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Aug 27, 2019 11:30:34 GMT
No expert on this and stand to be corrected by those that do know more.....but I think the point being made is that these are the “new companies” and have no links to the debts/issues of the “old companies” which are the ones that you wish to pursue by whatever means. Thus the point being you can’t flog a dead horse....it’s exactly that - a dead horse. Yes, that was exactly my point, although now further down the thread it has been suggested you can go after former directors in some circumstances. If you live in Hartcliffe you can go after players and threaten them, and their families to force them to agree to have their contracts negated. Then the company can walk away from it's liabilities and responsibilities to small local suppliers who made the mistake of trusting them.
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Igitur
Joined: June 2014
Posts: 2,293
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Post by Igitur on Aug 27, 2019 13:17:50 GMT
So Bolton have discovered it's more than having a sexy new stadium with many revenue streams/opportunities. It opened 22 years ago. Fair enough, time's relative, delete 'new' insert 'modern' which means many things to many people. I meant it as a swipe at the clamour for new stadiums, but let's not go down that road.
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Deleted
Joined: January 1970
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Post by Deleted on Aug 27, 2019 14:02:07 GMT
Fair enough, time's relative, delete 'new' insert 'modern' which means many things to many people. I meant it as a swipe at the clamour for new stadiums, but let's not go down that road. Your point still kind of stands. It proves that you can have the stadium, but you can still end up in deep financial trouble.
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Peter Parker
Global Moderator
Richard Walker
You have been sentenced to DELETION!
Joined: May 2014
Posts: 4,920
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Post by Peter Parker on Aug 27, 2019 15:13:46 GMT
Bury f**ked then. League hae said prospective buyers have pulled out so barring a miracle for them...
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Deleted
Joined: January 1970
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Post by Deleted on Aug 27, 2019 20:48:51 GMT
Bury fed then. League hae said prospective buyers have pulled out so barring a miracle for them... They are still ducking and diving, not going down without a fight.
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Post by lostinspace on Aug 27, 2019 21:15:01 GMT
with all due respect for those clubs... but how many deadlines do they actually get
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Post by o2o2bo2ba on Aug 27, 2019 21:39:37 GMT
with all due respect for those clubs... but how many deadlines do they actually get More than Brexit!
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Deleted
Joined: January 1970
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Post by Deleted on Aug 27, 2019 21:50:30 GMT
with all due respect for those clubs... but how many deadlines do they actually get More than Brexit! Shhhhhhh....another on its way
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JeffNZ
Administrator
Jimmy Morgan
Joined: May 2014
Posts: 2,407
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Post by JeffNZ on Aug 27, 2019 22:19:49 GMT
Bury expelled from the league.
Crying shame for their supporters one of which works with me.
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Post by manchestergas on Aug 27, 2019 22:22:55 GMT
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eppinggas
Administrator
Ian Alexander
Don't care
Joined: June 2014
Posts: 8,055
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Post by eppinggas on Aug 27, 2019 22:29:13 GMT
Sad news for the fans. But the EFL had to act eventually. Not looking good for Bolton either. Shambolic governance and leadership from the EFL.
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Post by manchestergas on Aug 27, 2019 22:59:20 GMT
No expert on this and stand to be corrected by those that do know more.....but I think the point being made is that these are the “new companies” and have no links to the debts/issues of the “old companies” which are the ones that you wish to pursue by whatever means. Thus the point being you can’t flog a dead horse....it’s exactly that - a dead horse. Yes, that was exactly my point, although now further down the thread it has been suggested you can go after former directors in some circumstances. Under the Insolvency Act the administrators/liquidators can go after the old company if it was effectively asset stripped in the two year period before administration, selling assets under fair value. Also if you trade insolvent the directors can have action against them. Simply going bust is not an offence.
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Post by prideofbristol on Aug 28, 2019 8:44:18 GMT
There but for the grace of Wael al-Qadi, we go? A sobering thought.........
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Rex
Predictions League
Joined: June 2014
Posts: 3,287
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Post by Rex on Aug 28, 2019 15:32:50 GMT
There but for the grace of Wael al-Qadi, we go? A sobering thought......... I think it is even more of a sobering thought that we have owners who care about the club about as much as Dale cared for Bury. Wael may care, but it has been apparent for some while that he isn't the one holding the purse strings.
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Post by badbloodash on Aug 28, 2019 15:55:58 GMT
There but for the grace of Wael al-Qadi, we go? A sobering thought......... I think it is even more of a sobering thought that we have owners who care about the club about as much as Dale cared for Bury. Wael may care, but it has been apparent for some while that he isn't the one holding the purse strings. They will be the first of many some drastic changes in the lower leagues coming too many owners who don’t care about the fans too much money in the premiership due to overseas interest yet more fans actually attend non premiership sad really tv money has killed football
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Deleted
Joined: January 1970
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Post by Deleted on Aug 28, 2019 17:59:01 GMT
Bolton have been saved by new owners and are out of Administraion.
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Post by prideofbristol on Aug 28, 2019 18:03:22 GMT
There but for the grace of Wael al-Qadi, we go? A sobering thought......... I think it is even more of a sobering thought that we have owners who care about the club about as much as Dale cared for Bury. Wael may care, but it has been apparent for some while that he isn't the one holding the purse strings. Slightly different in that the al-Qadis are respectable businessmen, with a reputation to think about. Plus, in the Arab world, business relations are highly personalised and transactions are based on personal trust. Unlike in Western capitalism, screwing people over for money or personal gain is strongly frowned upon. In contrast, this Dale character appears to be a borderline crook, with no reputation to sustain or worry about. A big difference. Nick Higgs cared very much for the club, and look how that turned out........
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Rex
Predictions League
Joined: June 2014
Posts: 3,287
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Post by Rex on Aug 28, 2019 18:06:29 GMT
I think it is even more of a sobering thought that we have owners who care about the club about as much as Dale cared for Bury. Wael may care, but it has been apparent for some while that he isn't the one holding the purse strings. Slightly different in that the al-Qadis are respectable businessmen, with a reputation to think about. Plus, in the Arab world, business relations are highly personalised and transactions are based on personal trust. Unlike in Western capitalism, screwing people over for money or personal gain is strongly frowned upon. In contrast, this Dale character appears to be a borderline crook, with no reputation to sustain or worry about. A big difference. Nick Higgs cared very much for the club, and look how that turned out........ I hope you are right about our owners, although I remain to be convinced. I think you are being kind to Dale in calling him only a 'borderline' crook.
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Post by prideofbristol on Aug 28, 2019 18:27:56 GMT
Two very different business cultures. Wael is the perfect example. My impression is of a quite unworldly and personable individual. Refreshingly unlike British businessmen, who would happily throttle their grandmothers if they thought there was a few extra pounds in it.
Dale is hardly alone in this respect, and is very much a product of the wider society and culture.
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trymer
Joined: November 2018
Posts: 1,369
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Post by trymer on Aug 28, 2019 19:18:01 GMT
I think it is even more of a sobering thought that we have owners who care about the club about as much as Dale cared for Bury. Wael may care, but it has been apparent for some while that he isn't the one holding the purse strings. They will be the first of many some drastic changes in the lower leagues coming too many owners who don’t care about the fans too much money in the premiership due to overseas interest yet more fans actually attend non premiership sad really tv money has killed football I agree that Bury could be the first of many but I think that there are a lot of factors. Lower league clubs seem to have an older fanbase and that is unsustainable,I expect that more Rovers supporters have died in the last 3 years than new supporters have started to go to games. Also going to a football match is a lot more expensive than it was years ago plus there was very little else to do then compared to now. Take one example,gyms,there used to be just Graftons and that was expensive,now there are dozens of gyms in fact we must be at saturation point,I would bet that more young people go to the gym than go to Rovers and city games. I go to the gym 4 times a week,a total of 9 hours including swimming,there are various classes included in the membership a pool,steamroom etc etc and it works out at £8.50 a week ! Times have changed,just look at how many pubs have closed down in the last few years. I am amazed that clubs like Bury have managed to keep going this long on gates of 3000 or less,probably a lot of clubs will have to drop into non league football with part time players.
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