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Post by Deleted on Aug 26, 2019 9:38:39 GMT
Both have until 5pm Tuesday to get it done, or be expelled from the EFL.
Bolton have just announced the deal to buy Bolton has collapsed... They are going to fold the club on Wednesday morning.
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Post by Carl LaFong on Aug 26, 2019 9:50:15 GMT
Both have until 5pm Tuesday to get it done, or be expelled from the EFL. Aye, until the "deadlines" are extended yet again! It's like Brexit!
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Post by Zos on Aug 26, 2019 10:08:58 GMT
The problem lies in the people running the EFL don't want clubs to go out of business on "their watch" so just let the sagas run on and on or let dubious business interests buy out the clubs, strip anything worth taking and then burn the small business suppliers with pennies in the pound administration deals whilst remaining secured creditors themselves.
When people talk about how these clubs will go out of business and beg for monies to stave off the inevitable they weirdly seem to forget that the club can start again (as Maidstone did) on a sustainable level lower in the pyramid and the fans can have the excitement of watching them rise phoenix like from the ashes and start a climb through leagues (much more exciting than living hand to mouth and losing every week).
Becoming part of the wonderful thing that is non league football isn't a terrible thing, it's a great adventure, which, with their fan base makes them very lucky and likely to return in a far better shape in 5 years or so.
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Post by Zos on Aug 26, 2019 10:21:09 GMT
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Post by WullieFort on Aug 26, 2019 13:24:40 GMT
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Post by Deleted on Aug 27, 2019 6:25:33 GMT
It's find yet another excuse for an extension day.
Let them go already... both clubs are a complete mess. They'll start again in non-league, with tweaked names. It'll be a fun journey for the fans who stick with them.
And in future, don't let clubs in financial shit start a season. Make them show proof of funds and sustainability before the season starts.
Wasn't fit and proper persons tests supposed to end this type of fiasco?
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Post by Carl LaFong on Aug 27, 2019 10:55:35 GMT
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Post by Deleted on Aug 27, 2019 16:01:24 GMT
Right, 5 o'clock.
Bury sale has also collapsed this afternoon. The financial situation was too fucked for the potential buyer.
They're dead in the water.
No buyers, no proof of funds, no more fucking around, both clubs are liquidated and out... Right?
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Post by Deleted on Aug 27, 2019 16:21:13 GMT
It's a miracle!
Both clubs are now wanting a stay of execution, saying 'credible' offers have been made to buy them in the last hour 😒
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Post by Carl LaFong on Aug 27, 2019 16:22:29 GMT
It's a miracle! Both clubs are now wanting a stay of execution, saying 'credible' offers have been made to buy them in the last hour 😒  Praise the Lord!
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Post by Deleted on Aug 27, 2019 16:33:15 GMT
It's a miracle! Both clubs are now wanting a stay of execution, saying 'credible' offers have been made to buy them in the last hour 😒 Praise the Lord! The EFL need to knock on the door and ask for Ronny Real. All the potential buyers for them back out when they grasp the state of their finances. The EFL need to just come out now, and announce they both missed the deadline, and are expelled. |
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Post by Zos on Aug 27, 2019 16:55:50 GMT
Bury must be expelled, the deadline was extended purely for one purchaser to do due diligence. Bolton were told they could continue if a deal was very close.
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Post by Deleted on Aug 27, 2019 18:29:30 GMT
Is it all over?
Are they dead yet?
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Post by petrolino on Aug 27, 2019 19:34:04 GMT
What a saga for these two proud old rivals, with 6 FA Cups between them a whole lotta history.
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Post by Carl LaFong on Aug 27, 2019 22:26:21 GMT
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Post by Deleted on Aug 28, 2019 6:00:16 GMT
It'll do them good. Apply to be slotted in to the non-league structure somewhere next year. Compete at a more affordable level for them. Rebuild, and go again. Bit odd about Bolton... Just yesterday the administrator said there was no more money from today 🤷♀️ |
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Post by Zos on Aug 28, 2019 8:37:36 GMT
They can blame Bolton on the administrators, that's why they get the extension.
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Post by Carl LaFong on Aug 28, 2019 10:42:42 GMT
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Post by Zos on Aug 28, 2019 12:37:16 GMT
I actually don't agree, being bailed out just rewards bad fiscal management. Also they are different entities, rather like Sainsburys bailing out Spar because they are in the same industry.
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Post by MrFurious on Aug 28, 2019 17:32:43 GMT
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