BREAKING " BURY EXPELLED FROM EFL / BOLTON HAVE TWO WEEKS "

BREAKING NEWS


BURY FC EXPELLED FROM THE EFL


BOLTON WANDERERS HAVE 14 DAYS TO PROVE THEY HAVE THE MONEY TO SURVIVE OR THEY WILL ALSO BE EXPELLED





Today is another deadline day for Bolton Wanderers and Bury.

Both clubs must prove by 5pm that they have the money to get through the season.

If they fail to do so, they will be excluded from the EFL and their share in the EFL withdrawn.

Bury could get more time, if certain assurances are met due to to their ongoing takeover offer.

Bolton were set to be sold, but this appears to have fallen through with administrators suggesting that liquidation is likely.

With the history of this at one time great club why is the Football league not helping to bail them out they have made enough money out of Bolton over the years and seem to be just sitting back and watching the club go under.Discusting.

And folk still slag Mr Tan off ! Bet Bolton and Bury fans wouldn't mind him there.

With the history of this at one time great club why is the Football league not helping to bail them out they have made enough money out of Bolton over the years and seem to be just sitting back and watching the club go under.Discusting.

They've had plenty of opportunities to get their finances in order, why would they give the people that ran a club into the ground more money? Football is a business at the end of the day and if the business has failed thats the owners fault and shouldnt get bailed out just to do it again

With the history of this at one time great club why is the Football league not helping to bail them out they have made enough money out of Bolton over the years and seem to be just sitting back and watching the club go under.Discusting.

Why should they get more money than other clubs?

Jeezz Bolton had 6m from us for Medine, how poorly was the club being run? and why should they get a pay out from the football league for running a club above their means while other clubs who stick to a budget and run themselves professionally get nothing?

With the history of this at one time great club why is the Football league not helping to bail them out they have made enough money out of Bolton over the years and seem to be just sitting back and watching the club go under.Discusting.

Why should they get more money than other clubs?

Jeezz Bolton had 6m from us for Medine, how poorly was the club being run? and why should they get a pay out from the football league for running a club above their means while other clubs who stick to a budget and run themselves professionally get nothing?

you are correct in what you say. but its the fans { who have zero say } that suffer while all those who earned more than the club could afford and those that sanctioned the spending just walk away. the league need to put something in place where clubs have to put a percentage of wages paid over a certain level or percentage of transfer fees into a rainy day trust..?

With the history of this at one time great club why is the Football league not helping to bail them out they have made enough money out of Bolton over the years and seem to be just sitting back and watching the club go under.Discusting.

Why should they get more money than other clubs?

Jeezz Bolton had 6m from us for Medine, how poorly was the club being run? and why should they get a pay out from the football league for running a club above their means while other clubs who stick to a budget and run themselves professionally get nothing?

you are correct in what you say. but its the fans { who have zero say } that suffer while all those who earned more than the club could afford and those that sanctioned the spending just walk away. the league need to put something in place where clubs have to put a percentage of wages paid over a certain level or percentage of transfer fees into a rainy day trust..?

Clubs are suppose to show they have the money to run for whole season! obviously both clubs have not been able to sustain this for what ever reason....owners are culpable no one else

BURY TAKEOVER OFF


BBC


The company which was attempting to buy Bury Football Club, C&N Sporting Risk, says it is "unable to proceed" with its takeover of the League One club.

Bury, who had been given until 17:00 BST on Tuesday to complete the deal, now face expulsion from the English Football League.

The Shakers would become the first team to drop out of the EFL since Maidstone's liquidation in 1992.

The EFL said it "continues to be in discussions" ahead of the deadline.

"The league announced at the weekend that it was working exclusively with the club and C&N in an attempt to finalise a change of control at the club," the governing body said in a statement.

"However, following a period of due diligence, C&N have opted not to progress matters.

"The league continues to be in discussions with Bury FC in advance of today's 5pm deadline and will provide a further update as appropriate."

They have had plenty of time to get their act together - time to say goodbye.

The deadline passed.

Hopefully there will be good news, but it seems unlikely.

The deadline passed.

Hopefully there will be good news, but it seems unlikely.

Bury are gone if news is correct? Bolton looks same unless theres something behind scenes that's not come out? Sad day for football fans of both clubs if thats case

So let’s be total savages any of them have any decent midfielders we can sign on a free?

Talking to 3 more businesses

The EFL board have been meeting all night but no news yet.

A statement from the EFL is expected at some point tonight.

BREAKING NEWS: BURY FC EXPELLED FROM THE EFL

EFL statement on Bury FC:



Dale over a sustained period of time, the necessary evidence in respect of how the Club would meet its financial commitments, has simply not been provided and, as a result, attentions turned to securing new ownership at the Club.

At its meeting on 24 August 2019, the Board agreed a short extension to 5pm today (Tuesday 27 August) to enable Mr Dale and the Club to explore the possibility of a proposed sale with C&N Sporting Risk Limited, with Mr Dale having accepted their offer. Following due diligence, C&N Sporting Risk Limited opted not to pursue its interest.

Therefore, having fully considered all available options, including a number of late expressions of interest provided to the EFL, the EFL Board has unanimously determined with enormous regret that Bury’s membership be withdrawn.

The EFL Board had maintained that there could be no further suspensions to the fixture list and that these ongoing concerns and the integrity of the competition were a significant factor in the decision.

Recent events have highlighted how decisions taken at Bury FC over the last few seasons have caused the Club and individuals close to it significant financial distress and there are a number of matters which, in our view, will require further investigation.

League One will now comprise of 23 Clubs for the remainder of the campaign and relegation places in the division reduced to three, which will result in a full complement of 24 Clubs in 2020/21. A discussion will take place with EFL Clubs on the consequential impact in League Two when Clubs next meet in September 2019.

Debbie Jevans CBE, EFL Executive Chair, said: “Today is undoubtedly one of the darkest days in the League’s recent history. The EFL has worked determinedly and tirelessly to avoid this outcome and it is with a heavy heart that this situation has been forced upon us.

“The EFL has to place the integrity of our competitions at the heart of every decision we make, and we simply cannot allow this unacceptable situation to continue or countenance the prospect of postponing further fixtures.

“I understand this will be a deeply upsetting and devastating time for Bury’s players, staff, supporters and the wider community. There is no doubt today’s news will be felt across the entire football family.

“No one wanted to be in this position but following repeated missed deadlines, the suspension of five League fixtures, in addition to not receiving the evidence we required in regard to financial commitments and a possible takeover not materialising; the EFL Board has been forced to take the most difficult of decisions.”

BREAKING NEWS: BOLTON WANDERERS HAVE 14 DAYS TO PROVE THEY CAN SURVIVE

EFL statement:




regarding a completion of sale at Bolton Wanderers has not yet been found.

The EFL Board has therefore taken the decision to lift the suspension on the notice of withdrawal, which was issued as per the EFL’s insolvency policy when the Club entered administration in May 2019.

As per the League’s Articles of Association, this will now give the Club 14 days (11.59pm on 12 September, 2019) to meet all outstanding requirements of the League’s insolvency policy or its membership in the EFL will be withdrawn.

In respect of the situation at Bolton Wanderers, the administrators now have this period of time to successfully conclude a change of control with a preferred purchaser, or provide sufficient evidence that they are in a position to fund the Club for the remainder of the 2019/20 campaign.

EFL Executive Chair, Debbie Jevans CBE, said: “Despite repeated assurances, we are extremely disappointed that we are still not in a position to reach a successful resolution with the sale of Bolton Wanderers and have therefore taken the decision to lift the suspension on the notice of withdrawal. I again urge all parties to finalise the proposed takeover.

“The reality of this action is that there are now 14 days to secure the Club’s long-term future, and I sincerely hope we can find a way through these challenging circumstances for the benefit of all those who have an association with the Club.”

Makes our moaning about a loss in the Carabao Cup seem pretty trivial. Let’s be glad we still have a team to moan about

No doubt Bury will go down the road of Newport County and Hood luck to them.

No doubt Bury will go down the road of Newport County and Hood luck to them.

Yes they will reform when the pratts who caused this problem are booted out of the club

Makes our moaning about a loss in the Carabao Cup seem pretty trivial. Let’s be glad we still have a team to moan about

Dont be daft the worlds come to an end for our fans now we are out cup...

And folk still slag Mr Tan off ! Bet Bolton and Bury fans wouldn't mind him there.

Well said JulesK

Its been heart breaking listening to both clubs Real fans speaking on radio and media tonight/last night. Our club, Cardiff City AFC, has come very close to this very scenario, on more than one occasion over the decades,,, lest we forget...

It's the fans and staff that suffer because of one greedy little bell end

At least Bolton owners and administrators know they have no choice but to do a deal or they're out as well no 2nd chances

I would guess there are plenty of other clubs who are fighting to stay in business. Just goes to show what happens when you have poor management and live beyond your means. I am glad our club appears to be run in a structured way, and perhaps this will show fans why you cannot just spend, spend and spend in a gamble to return to the top table. Long term survival is more important than a bit of glory before going bust. Look how quickly Bolton have gone from the top to virtual collapse.

BURY - Might still be saved if the EFL have a U-Turn - £7M reported tonight ready to take over ....SSN .