Bury down the pan at the hands of Property Speculators.

They gonna pull the plug at 12 am? Reckon it's about fifty fifty.

There has been "limited progress" made in Bury's bid to avoid expulsion from the English Football League, the organisation has said.

"As of 5pm there has been limited progress made either by the current ownership providing the required evidence in regard to outstanding financial information, or through a change of control being achieved with new owners," the EFL said in a statement.

"The EFL will continue to provide all support available and will keep working to find a resolution to the ongoing issues ahead of the notice of withdrawal deadline, which remains at 11.59pm on Friday, 23 August.

"If a successful solution is not found ahead of tonight's deadline, the club's share in the EFL will be withdrawn and its membership in the league will come to an end."

Accringtons Chairman just posted this


This was 10 mins ago. The potentail buyers are using our budgets to get a feel of theirs if a deal is done for
@buryfcofficial


Work is going on. It might be too late but fingers crossed

What an utter prick

"I saved that club."

@buryfcofficial
chairman Steve Dale says "how can you strip something that's got nowt?" after fans called him an 'asset stripper'.

https://twitter.com/i/status/1164912987821527045

I've got the support of the majority of the fanbase, I'm constantly getting messages of support. its the 10% that have it in for me.

Interviewer- Is it 10% Steve? We couldn't find one person that supports you

SD: Do you want to see my phone.

Interviewer- Yes sure

SD proceeds to look at phone and shows interviewer nothing

https://twitter.com/jtahoyle/status/1164924085756997632

Dale is an utter twat. Going to the wire.

https://twitter.com/bbc5live/status/1164956024106889217

@buryfcofficial
owner Steve Dale tells
@tonylivesey
he “didn’t even know there was a football club called Bury.”

He also gives advice to Bury fans saying they need to “not show themselves up by disgraceful behaviour when they’re full of beer.”

Current owner Steve Dale, who bought the loss-making and heavily-indebted club for £1 in December from the property developer Stewart Day, has said he has provided proof of funding.

He told Sky Sports he has "saved the club" and is not the asset-stripper some critics make him out to be, while himself blaming the league for the club's predicament.

"We are in a position now where clearly anything I say they don't believe. The media, present company excluded, have made me out to be the bad guy. I saved this club," he said.

Told he has been described as an "asset-stripper", he replied: "How can you strip from something that's got nowt?

"Bury had got nothing. Stewart Day put that club into, you know, it was insolvent, it was bust, end of story, when I got there.

"I could have walked away and with hindsight I should've walked away, but I chose to stay. I got the CVA [Company Voluntary Arrangement] through. We were made up when we got the CVA through.

"We had got a great squad in training. We were ready to sign them and they stopped us. The EFL stopped us.

"It's unfair. Since when does a guy who's trying to save a club get kicked, I don't understand. I didn't put Bury in 40 million quid's-worth of debt. I didn't. I inherited it. Never took a penny out. I tried to save it."

Stand to gain from the cva if they go under don't you Dale you utter cnut

ivanLewis_MP
Breaking news:
@buryfcofficial

@forever_bury
I believe a credible proof of funds has now been provided to #EFL +Steve Dale will be made a fair offer for the club before EFL deadline. I am optimistic the EFL who are being helpful can give us the extension needed to save the club.

Breaking: Steve Dale has said to two potential bidders “I will be the last chairman of Bury Football Club”. Read into that what you want

The chairman of crisis-hit Bury FC says he welcomes an investigation into the club's finances, as the League One outfit's fate hangs in the balance.

In an interview with Granada sports correspondent Chris Hall, Steve Dale urged fans and businesses to pledge £2.7m to satisfy financial requirements set by the English Football League(EFL) about the sustainability of the club.

Bury have until midnight on Friday August 23 to prove its viability or it faces being kicked out of the football league.

Mr Dale has refused to apologise to fans. He says the club's plight is down to the EFL - not himself.

Steve Dale 43 out of 51 companies he has taken control of were liquidated. Forty-three. Why was he ever let near this football club?

Alan Nixon
@reluctantnicko
Bury. There is a live bidder. This chap has been through EFL test today. May just be credible enough to win an extension if it comes to that. Previous football club links. Made money on gambling front. Wouldn’t be first. Has allies too.
8:30 pm · 23 Aug 2019

Bury owner Steve Dale has accepted a takeover offer from a London-based consortium, Sky Sports News understands.

With Bury under threat of liquidation and expulsion from League One, Dale had been given until 11.59pm on Friday to either provide proof he can fund the League One side this season or hand it over to someone who can.

The deal still requires EFL approval. If the prospective buyer is deemed credible the EFL could consider extending the deadline of the 'Notice to Withdraw Membership', however, that would need to be completed within a window of 24-48 hours.

Owner Steve Dale has told BBC Radio Manchester he has agreed a deal to sell Bury, as a deadline for their possible expulsion from the EFL approaches.

Dale says the League One club has been sold to a football analytics company.

The company that has agreed a deal in principle to buy #BuryFC is CNN Sport risk.

Headed by Henry Newman and Rory Campbell.

Deal needs EFL extension to deadline.

ury are waiting to hear if a last-ditch offer to buy the League One club will save them from being expelled from the English Football League.

Owner Steve Dale told BBC Radio Manchester he had agreed a deal with analytics company C&N Sporting Risk, led by Henry Newman and Rory Campbell.

The EFL said it had been notified of an offer being accepted by Dale.

Bury had been given until 23:59 BST on Friday to prove their financial viability.

The EFL is now considering an extension to the deadline.

"We are currently in discussions with the potential purchaser and await information to allow the board to consider a request for an extension to Friday's deadline," said an EFL spokesperson.

Jethro wrote:

Steve Dale 43 out of 51 companies he has taken control of were liquidated. Forty-three. Why was he ever let near this football club?

Substitute Brent for Dale and the same could be said.
Bury were given multiple extensions with a supposed final one at 23.59 last night. How many more times will this get kicked down the road

https://www.bbc.co.uk/sport/football/49455433

Awaiting EFL statement this morning re buy out, just been listening to a guy from the supporters club, he thinks they have been saved - it looks like it.
Interesting situation - if they are due to play a upcoming league game , they have no management, virtually no club staff, except the groundstaff keeping the pitch in order, hardly any players and no sponsors. Just a few things to sort out before a game.
Hopefully it is good news in the next hour or two.

Bury have been given until 17:00 BST on Tuesday to complete a sale that would prevent them from being expelled from the English Football League.

Owner Steve Dale said late on Friday he had agreed a deal to sell Bury to analytics company C&N Sporting Risk.

The League One club had originally been given until 23:59 BST on Friday to prove they could pay off creditors and had funding to complete the season.

The Shakers have not played any of their first six games of the season.

Their first five league matches were suspended by the EFL and they have also been withdrawn from the Carabao Cup.

"The board has considered the evidence presented and has determined, in a final effort to allow the club the opportunity to survive, to grant an extension and work exclusively with the club and C&N Sporting Risk to see if a takeover is possible," EFL executive chair Debbie Jevans said.

"No one wants to see a club lose its place in the league and we will now work with the potential purchasers over the weekend and ahead of the Tuesday deadline in an attempt to find the solutions required for a sale to take place."

Following a meeting by the EFL board on Saturday morning, the league said that no further Bury fixtures would be suspended because of the integrity of the competition and the impact on other clubs in the division.

Although no formal sale of the club has been completed, the EFL said they had received "enough credible information" to allow the club to work over the Bank Holiday weekend to finalise a change of control at the Shakers.

'A complicated scenario'
In a statement released to PA Media on Friday, prospective new owners Rory Campbell and Henry Newman confirmed they had been in discussions with Bury FC, the EFL and others to buy the club.

They added: "It is a very complicated scenario and there remain a number of outstanding legal and other issues that have to be addressed.

"Our background is in football and data analytics and it should therefore not be surprising that we are taking a very detailed forensic look at the realities of Bury FC's finances."

Jevans had previously said that a short extension to the Friday deadline may be granted if a buyer could be found.

No club has been removed from the EFL since Maidstone were liquidated in 1992.

How did we reach this point?
At the end of April, Bury were celebrating promotion back to the third tier of English football, but they were already enduring a torrid time off the pitch.

Players and staff had often been paid late, while a winding-up petition filed against the club was adjourned three times before eventually being dismissed by the High Court on 31 July.

By then, creditors had approved a company voluntary arrangement (CVA) put forward by Dale, which was proposed to help settle some of their debts.

The CVA meant unsecured creditors, including HM Revenue & Customs, would be paid 25% of the money owed - but also triggered a 12-point deduction in the League One table under EFL rules.

Let’s hope for Bury’s sake these prospective buyers pass the FPP criteria and no financial shenanigans are uncovered

BURY

The English Football League may consider extending Bury's deadline to avoid expulsion if a sale is almost complete but "cannot keep postponing games", says its executive chair.

The League One club, founded in 1885, were granted extra time until 17:00 BST on Tuesday after owner Steve Dale agreed a deal with C&N Sporting Risk.

Bury are yet to play this season.

"If we get to that point and there is 1% outstanding, it would depend what that 1% is," said Debbie Jevans.

Speaking on BBC Radio 5 Live's Sportsweek on Sunday, Jevans added: "They [the prospective buyer] have demonstrated to us enough source of funding.

"There was enough credible information before the board to allow this extension till Tuesday, but in doing that, no more games have to be postponed."

The initial deadline was 23:59 on Friday and analytics company C&N Sporting Risk has said it was "disappointing" the extension granted was not longer.

It added that its main legal adviser is unavailable until Wednesday but Jevans says she understands that, although he has work commitments in Lausanne, he is "still available to give advice on the phone and by email".

"There is enough time, if all parties want to do a deal by then," added Jevans. "We've got many examples where clubs have changed hands in a very short period of time and we see no reason why this can't happen by Tuesday.

"This cannot go on for weeks and weeks and weeks. We are not going to postpone any more matches and we see no reason why they cannot reach an agreement by that time."

The Shakers have not played any of their first six games of the season. They are next due to host a league match against Doncaster Rovers on Saturday.

Bury have called for volunteers to help them get their Gigg Lane ground ready to host matches again after a summer of financial turmoil at the club.

The Shakers have been given until 17:00 BST on Tuesday to complete a sale to C&N Sporting Risk and avoid expulsion from the English Football League.

The club say they are now preparing for their League One game against Doncaster on 31 August to take place as normal.

Hundreds of fans held a meeting to show support at the ground on Saturday.

The Shakers, who have had six games suspended by the EFL this season, are appealing for volunteers to report to the stadium from 09:00 BST on Tuesday to commence work, including cleaning all 11,640 seats and sweeping all four stands.

Fans are being asked to arrive with buckets and cleaning materials as the club enters into preparations for the match despite ongoing takeover talks.

"While the EFL and our potential new owners proceed with their necessary paperwork and dealings, the club needs to prepare the stadium in order for Saturday's League One fixture with Doncaster Rovers to take place," the club said in a statement.

"With Tuesday's deadline firmly set, preparations for our first game of the season will commence at 9:00am on Tuesday morning.

"Recent events, over the summer months, have left the club with just a skeleton staff and we must, therefore, call on voluntary help in order to get the stadium ready."


BOLTON

Bolton Wanderers have been set a deadline of 17:00 BST on Tuesday to complete the club's sale or provide "credible plans" they can complete this season, or could face expulsion from the English Football League.

The League One club have been in administration since May.

They are the subject of a takeover bid by Football Ventures but the EFL are "concerned" by ongoing delays.

"The current situation cannot continue," the EFL said in a statement.

"If a successful conclusion to a sale is not found or there are no credible plans for the club to continue the season in administration by the planned board meeting at 17:00 BST on Tuesday 27 August 2019, then the EFL board will consider lifting the suspension on the notice of withdrawal of the club's membership of the league."

Fellow League One side Bury were earlier given the same deadline to complete the sale of their club.

The proposed takeover of Bolton by Football Ventures has been beset with problems for weeks and is still waiting to be completed.

Laurence Bassini, who failed with his own bid to buy the club before it went into administration, was awarded a court order blocking the sale on 8 August.

That was amended and adjourned six days later, but it is still to be finalised.

The EFL added: "While it is understood as recently as (Friday) the parties were once again in a position to complete the formalities, there appears to be additional frustrating delays that are only serving to have a negative and detrimental impact.

"The EFL urges all parties to communicate and come together to find the necessary and final solutions so that Bolton Wanderers can start to plan for its long-term future and end months of uncertainty for all those associated with the club, in particular the players, staff, supporters and the local Bolton community."

Wanderers, who started this season on -12 points for entering administration, have endured a difficult time on the pitch as a consequence of the ongoing uncertainty.

Bury's local rivals Bolton Wanderers have also been set a deadline of 17:00 on Tuesday to be sold or provide "credible plans" they can complete this season.

The League Once club - in administration since May - have been the subject of a takeover bid by Football Ventures, but if a deal is not completed in time Jevans has said the EFL will serve notice of withdrawal of the club's membership of the league.

She said: "What is really disappointing is that yesterday [Saturday] morning, our understanding was that all the parties involved had signed off and the deal was going to be completed yesterday morning.

"Then something happened, a signature wasn't provided and therefore it was postponed again. This is incredibly frustrating. It has been going on for months.

"The EFL did not issue the withdrawal notice months ago when the club went into administration, and it's now got to the point where you say this cannot go on. But on Tuesday at 5pm, the board will consider what action to take if there isn't a deal in place."

Jethro wrote:

Steve Dale 43 out of 51 companies he has taken control of were liquidated. Forty-three. Why was he ever let near this football club?

I imagine he passed an EFL test?

Elias wrote:

Jethro wrote:

Steve Dale 43 out of 51 companies he has taken control of were liquidated. Forty-three. Why was he ever let near this football club?

I imagine he passed an EFL test?

Zackly which in my eyes makes the EFL as culpable as Dale.

Bolton are in serious trouble now, their takeover has collasped and the "process of closing down the company" could begin on Wednesday.

LINK

Earwegoagain wrote "Zackly which in my eyes makes the EFL as culpable as Dale."

The weakness of the EFL in dealing with issues like this is astounding. Sooner or later they will have to act firmly over these matters- which so far they have signally failed to do. They need to revisit whole aspects of their 'fit and proper person' rules, and insist on some visible proof of the financial viability of intended owners. They also need to enforce to the pay structure rules. I can envisage a whole string of Clubs who, in the next couple of years will be ailing in the way that both Bolton and Bury are.