Bury FC.

[aeropilot]

PurpleTurtle said:

jcremonini said:

Dale is getting a bit of an unfair rap in regards to Bury. The club’s toxicity started well before he took over and the only thing he should be questioned on is his lack of due diligence when he agreed to take it on for a £1.

Err, he's been associated with 51 businesses, of which 43 have been liquidated.

Sheezzzz.....

And the EFL thought him a 'right and proper 'person' to take on a football club

[jcremonini]

PurpleTurtle said:

jcremonini said:

Dale is getting a bit of an unfair rap in regards to Bury. The club’s toxicity started well before he took over and the only thing he should be questioned on is his lack of due diligence when he agreed to take it on for a £1.

Err, he's been associated with 51 businesses, of which 43 have been liquidated. A tad fishy, no?

It is, yes. But that still does not detract from the undeniable fact that Bury were terminal before he bought them out. As I have said, he lacked due diligence and thought , for £1 , he was getting an easy play. The sale to C&N fell through because of the stewardship of Day, not Dale.

[ferrisbueller]

jcremonini said:

PurpleTurtle said:

jcremonini said:

Dale is getting a bit of an unfair rap in regards to Bury. The club’s toxicity started well before he took over and the only thing he should be questioned on is his lack of due diligence when he agreed to take it on for a £1.

Err, he's been associated with 51 businesses, of which 43 have been liquidated. A tad fishy, no?

It is, yes. But that still does not detract from the undeniable fact that Bury were terminal before he bought them out. As I have said, he lacked due diligence and thought , for £1 , he was getting an easy play. The sale to C&N fell through because of the stewardship of Day, not Dale.

http://blueandamber.proboards.com/thread/98437/buc...

ETA. Apparently the club was losing £50k a week and had £10m+ of debt.

Do you have any evidence he put money into the club, other than the £1 to buy it?

Edited by ferrisbueller on Wednesday 28th August 20:00

[greygoose]

jcremonini said:

PurpleTurtle said:

jcremonini said:

Dale is getting a bit of an unfair rap in regards to Bury. The club’s toxicity started well before he took over and the only thing he should be questioned on is his lack of due diligence when he agreed to take it on for a £1.

Err, he's been associated with 51 businesses, of which 43 have been liquidated. A tad fishy, no?

It is, yes. But that still does not detract from the undeniable fact that Bury were terminal before he bought them out. As I have said, he lacked due diligence and thought , for £1 , he was getting an easy play. The sale to C&N fell through because of the stewardship of Day, not Dale.

Dale was not solely responsible, Day caused many of the problems, however Dale has lied so much that it is hard to believe he is as innocent as he claims. He said that he had paid the players, even when challenged by a player who had not been paid for months, also some of the debt was sold to a company coincidently owned by his son in law, it is not hard to see that he wanted to profit from the whole situation.

[jcremonini]

ferrisbueller said:

jcremonini said:

PurpleTurtle said:

jcremonini said:

Dale is getting a bit of an unfair rap in regards to Bury. The club’s toxicity started well before he took over and the only thing he should be questioned on is his lack of due diligence when he agreed to take it on for a £1.

Err, he's been associated with 51 businesses, of which 43 have been liquidated. A tad fishy, no?

It is, yes. But that still does not detract from the undeniable fact that Bury were terminal before he bought them out. As I have said, he lacked due diligence and thought , for £1 , he was getting an easy play. The sale to C&N fell through because of the stewardship of Day, not Dale.

http://blueandamber.proboards.com/thread/98437/buc...

Help me out here. What point are you trying to make ? That , actually, the club was in fine fettle prior to Dale taking over or ... ? Read what C&N have stated. Dale was an idiot for taking the club over - it should have been euthanised last year, but that does not make him the prime villain of the piece.

[jcremonini]

greygoose said:

jcremonini said:

PurpleTurtle said:

jcremonini said:

Dale is getting a bit of an unfair rap in regards to Bury. The club’s toxicity started well before he took over and the only thing he should be questioned on is his lack of due diligence when he agreed to take it on for a £1.

Err, he's been associated with 51 businesses, of which 43 have been liquidated. A tad fishy, no?

It is, yes. But that still does not detract from the undeniable fact that Bury were terminal before he bought them out. As I have said, he lacked due diligence and thought , for £1 , he was getting an easy play. The sale to C&N fell through because of the stewardship of Day, not Dale.

Dale was not solely responsible, Day caused many of the problems, however Dale has lied so much that it is hard to believe he is as innocent as he claims. He said that he had paid the players, even when challenged by a player who had not been paid for months, also some of the debt was sold to a company coincidently owned by his son in law, it is not hard to see that he wanted to profit from the whole situation.

Dale was a chancer who didn’t know what he was letting himself in for. If he had an ounce of nous about him his due diligence would resulted in him not touching it with a barge pole. Day caused all the problems , not many of them. Selling on the debt was just a diversion tactic while he tried to extricate himself from an unholy mess. C&N saw what Dale didn’t, hence them pulling out of the sale.

As I said, I don’t see how he could ever have made a profit considering the debt level versus asset level. It would never have led to any profit, just a reduced debt.

[ferrisbueller]

jcremonini said:

ferrisbueller said:

jcremonini said:

PurpleTurtle said:

jcremonini said:

Dale is getting a bit of an unfair rap in regards to Bury. The club’s toxicity started well before he took over and the only thing he should be questioned on is his lack of due diligence when he agreed to take it on for a £1.

Err, he's been associated with 51 businesses, of which 43 have been liquidated. A tad fishy, no?

It is, yes. But that still does not detract from the undeniable fact that Bury were terminal before he bought them out. As I have said, he lacked due diligence and thought , for £1 , he was getting an easy play. The sale to C&N fell through because of the stewardship of Day, not Dale.

http://blueandamber.proboards.com/thread/98437/buc...

Help me out here. What point are you trying to make ? That , actually, the club was in fine fettle prior to Dale taking over or ... ? Read what C&N have stated. Dale was an idiot for taking the club over - it should have been euthanised last year, but that does not make him the prime villain of the piece.

Have you read that thread?

It was obvious the club was a financial nightmare. You wouldn't need to dig deep to see it in the numbers. What I read earlier suggested both SDs knew each other and had other business connections.

Edited by ferrisbueller on Wednesday 28th August 20:23

[jcremonini]

ferrisbueller said:

jcremonini said:

ferrisbueller said:

jcremonini said:

PurpleTurtle said:

jcremonini said:

Dale is getting a bit of an unfair rap in regards to Bury. The club’s toxicity started well before he took over and the only thing he should be questioned on is his lack of due diligence when he agreed to take it on for a £1.

Err, he's been associated with 51 businesses, of which 43 have been liquidated. A tad fishy, no?

It is, yes. But that still does not detract from the undeniable fact that Bury were terminal before he bought them out. As I have said, he lacked due diligence and thought , for £1 , he was getting an easy play. The sale to C&N fell through because of the stewardship of Day, not Dale.

http://blueandamber.proboards.com/thread/98437/buc...

Help me out here. What point are you trying to make ? That , actually, the club was in fine fettle prior to Dale taking over or ... ? Read what C&N have stated. Dale was an idiot for taking the club over - it should have been euthanised last year, but that does not make him the prime villain of the piece.

Have you read that thread?

It was obvious the club was a financial nightmare. You wouldn't need to dig deep to see it in the numbers. What I read earlier suggested both SDs new each other and had other business connections.

I’ve already stated , several times, the club was toxic . They may have known each other but ask yourself why anyone with an ounce of business acumen would take on the club in its financial state. And no, it would not be to make a profit because that would simply not be possible. Again, regardless of the fact Day may have sold the club on to someone he knew the indisputable fact is Day caused all the issues not Dale.

I’m out of this one. I can’t keep repeating myself,

In summary, Day destroyed the club then sold it on to Del Boy Trotter for £1. The people of Bury are going to burn the Reliant Robin and the real villian walks off into the sunset.

[ferrisbueller]

jcremonini said:

I’ve already stated , several times, the club was toxic . They may have known each other but ask yourself why anyone with an ounce of business acumen would take on the club in its financial state. And no, it would not be to make a profit because that would simply not be possible. Again, regardless of the fact Day may have sold the club on to someone he knew the indisputable fact is Day caused all the issues not Dale.

I’m out of this one. I can’t keep repeating myself,

In summary, Day destroyed the club then sold it on to Del Boy Trotter for £1. The people of Bury are going to burn the Reliant Robin and the real villian walks off into the sunset.

Not trying to be funny, nor get a big multiquote going so I've just quoted the last and bolded the bit that I think is key.

Mr Day's empire hit the buffers not so long ago owing £27m to creditors.

[greygoose]

jcremonini said:

I’ve already stated , several times, the club was toxic . They may have known each other but ask yourself why anyone with an ounce of business acumen would take on the club in its financial state. And no, it would not be to make a profit because that would simply not be possible. Again, regardless of the fact Day may have sold the club on to someone he knew the indisputable fact is Day caused all the issues not Dale.

I’m out of this one. I can’t keep repeating myself,

In summary, Day destroyed the club then sold it on to Del Boy Trotter for £1. The people of Bury are going to burn the Reliant Robin and the real villian walks off into the sunset.

No one is defending Day but at the same time the only one defending Dale is you, why?

[Tyre Smoke]

Anyone who says (rightly) that clubs are businesses and should live within their means are being a tad shortsighted.

The Premiership is arguably the biggest league (and richest) in the world, then unless you want English football to replicate France and Spain (for example) where there is 'nothing' below the top tier, then yeah, fine let football outside the Premiership find it's own level.

What that will do is relegate teams from the Premiership, never to make the step back up, or if they do, come straight back down being hopelessly outclassed.

[theplayingmantis]

Tyre Smoke said:

Anyone who says (rightly) that clubs are businesses and should live within their means are being a tad shortsighted.

The Premiership is arguably the biggest league (and richest) in the world, then unless you want English football to replicate France and Spain (for example) where there is 'nothing' below the top tier, then yeah, fine let football outside the Premiership find it's own level.

What that will do is relegate teams from the Premiership, never to make the step back up, or if they do, come straight back down being hopelessly outclassed.

Yep nothing below the top level in France and Spain....

The post is just wrong. I will leave it up to others more articulate than I to explain why.

[Tyre Smoke]

It was in inverted commas.

There is not the same level of professionalism in football outside the top tier in those countries.

Your post would sit better on Facebook or Twitter where such comments without back up seem to be all the more common these days.

[theplayingmantis]

Tyre Smoke said:

It was in inverted commas.

There is not the same level of professionalism in football outside the top tier in those countries.

Your post would sit better on Facebook or Twitter where such comments without back up seem to be all the more common these days.

My comment without back up?

you have made some wildly inaccurate claim that 2nd tier football in those countries is crap with no back up. im just calling you out on that.

[48k]

aeropilot said:

PurpleTurtle said:

jcremonini said:

Dale is getting a bit of an unfair rap in regards to Bury. The club’s toxicity started well before he took over and the only thing he should be questioned on is his lack of due diligence when he agreed to take it on for a £1.

Err, he's been associated with 51 businesses, of which 43 have been liquidated.

Sheezzzz.....

And the EFL thought him a 'right and proper 'person' to take on a football club

The "fit and proper person" tests aren't anywhere near as stringent as people think they are. It's a checklist that essentially boils down to "does the person have involvement in any other club", "are they insolvent or declared bankrupt", "have they got any unspent criminal convictions for certain crimes". Many people who you wouldn't want within 100 miles of running a business you care about can easily pass this criteria.