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Bury, some mortgage questions.... 18:10 - Jun 24 with 12340 viewsRAFCBLUE

Interestingly this has surfaced today:

http://portvaleonline.com/BuryFC/BuryFC_Mortgage_Debenture.pdf

It's a mortgage document for Gigg Lane. Raised on Wednesday 29th May, as the paperwork was concluded on the bury takeover ( http://www.buryfc.co.uk/news/article/statement-takeover-completed-834927.aspx)

Got to say, they are fast workers!

Funny how:

1) A club that has no debts now has a mortgage
2) A board that have yet to sign a single new player have sanctioned a charge over their ground.
3) This document surfaces on the day that the new chairman says "judge me in three years"

I guess they can't say that they are mortgage free anymore!

George Bernard Shaw had it right: "He who can does; he who cannot, teaches." https://www.visittheusa.co.uk/
Poll: EGM - which way are you voting?

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Bury, some mortgage questions.... on 20:21 - Jun 24 with 2440 viewsSuddenLad

Introducing Mr. Perry Deakin:

http://www.onevalefan.co.uk/content/tag/perry-deakin/

“It is easier to fool people, than to convince them that they have been fooled”

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Bury, some mortgage questions.... on 20:22 - Jun 24 with 2420 views442Dale

Bury, some mortgage questions.... on 20:19 - Jun 24 by Daley_Lama

The email was sent to me by a bury supporting mate, it was from their message board.


Presumably posted on their messageboard by the club, otherwise it should be on the website.

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Bury, some mortgage questions.... on 20:23 - Jun 24 with 2410 views442Dale

Bury, some mortgage questions.... on 20:21 - Jun 24 by SuddenLad

Introducing Mr. Perry Deakin:

http://www.onevalefan.co.uk/content/tag/perry-deakin/


"We strongly believe that people should only be judged on performance"

Poll: Greatest Ever Dale Game

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Bury, some mortgage questions.... on 20:23 - Jun 24 with 2409 viewsRAFCBLUE

Bury, some mortgage questions.... on 20:16 - Jun 24 by judd

Ratio Law, stamped all over that document.

Guess their field of specialism - go on -guess!

http://www.ratiolaw.co.uk/


PROPERTY DEVELOPMENT (is there a prize?)

From their website:

It certainly ensures a property finance service that delivers true expertise and commerciality. With many of our clients borrowing money secured against property and/or assets, this specialist service provides an easier, more efficient way to do business — and it can save both time and money. And in some cases, even the deal.

Banking, Property Finance and Asset Finance services include: property finance - acquisition finance - asset based lending and general corporate lending - structured finance and re-structuring.

For more details please contact:

Gisella Alberici
Email: gisella.alberici@ratiolaw.co.uk
Tel: 0161 209 3762

Isn't she the person on the bury board responsible for legal advice?

George Bernard Shaw had it right: "He who can does; he who cannot, teaches." https://www.visittheusa.co.uk/
Poll: EGM - which way are you voting?

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Bury, some mortgage questions.... on 20:23 - Jun 24 with 2407 viewsSalwaDale

Bury, some mortgage questions.... on 20:22 - Jun 24 by 442Dale

Presumably posted on their messageboard by the club, otherwise it should be on the website.


Posted by Gordon on their messageboard.

TBBT

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Bury, some mortgage questions.... on 20:24 - Jun 24 with 2397 viewsColDale

their fans have started swallowing all of this already. They'd overlook Hitler's track record, citing some very respected names in the Autobahn industry.
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Bury, some mortgage questions.... on 20:24 - Jun 24 with 2396 viewsjudd

Bury, some mortgage questions.... on 20:23 - Jun 24 by RAFCBLUE

PROPERTY DEVELOPMENT (is there a prize?)

From their website:

It certainly ensures a property finance service that delivers true expertise and commerciality. With many of our clients borrowing money secured against property and/or assets, this specialist service provides an easier, more efficient way to do business — and it can save both time and money. And in some cases, even the deal.

Banking, Property Finance and Asset Finance services include: property finance - acquisition finance - asset based lending and general corporate lending - structured finance and re-structuring.

For more details please contact:

Gisella Alberici
Email: gisella.alberici@ratiolaw.co.uk
Tel: 0161 209 3762

Isn't she the person on the bury board responsible for legal advice?


Yep

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Bury, some mortgage questions.... on 20:25 - Jun 24 with 2393 views442Dale

Bury, some mortgage questions.... on 20:23 - Jun 24 by SalwaDale

Posted by Gordon on their messageboard.


And he's explained that info supplied from the Port Vale end in great detail too presumably?

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Bury, some mortgage questions.... on 20:27 - Jun 24 with 2372 viewsSuddenLad

"We carried out significant due-diligence before approaching Perry and he was highly recommended by several extremely successful and high profile individuals within the sports industry. Perry’s 12 year history of commercial sports success working for several years with individuals such as Karren Brady at Birmingham City, we feel will only add to the talented team we are assembling here at Bury.

Mr Deakin has proven to be very professional in all aspects of his consultancy role and this wave of wild and inaccurate speculation will only hamper the progress we have made in our short time at the club and ultimately the clubs future financial well-being."

This link have helped them in their research:

http://www.onevalefan.co.uk/content/police-involved-nil-paid-shares-probe/

“It is easier to fool people, than to convince them that they have been fooled”

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Bury, some mortgage questions.... on 20:30 - Jun 24 with 2351 viewsBigDaveMyCock

Bury, some mortgage questions.... on 19:00 - Jun 24 by Daley_Lama

The alternate way of looking at this is that it is simply business practice, as new owner of Bury, Stewie is securing his investment and there's nothing more to it than that.

Also, given the mass exodus of every man and his dog, the only reliable employee who could witness such a document was Captain Gordon.

There you go, an open mind. Space Cadets have open minds too.


Healthy scepticism as to the validity of the document aside and presuming the document is bona-fide, then I agree with you Daley that there is nothing overly controversial about securing investment or raising funds, supposing they are for investing in the club and the club alone, via a mortgage secured on their only tangible asset. I imagine many clubs have done similar things to hive-up money.
Worse case scenario is that it is intentionally done to obtain the asset or the club cannot service the mortgage debt, best case scenario is that the club can manage to service the debt and the money released translates into higher profits.
However, all the conjecture aside, what is clear, if the document is real, is that this regime has no money or has no intention of spending it's own money in running the club.

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Bury, some mortgage questions.... on 20:34 - Jun 24 with 2326 viewsShakerMaker

Bury, some mortgage questions.... on 20:24 - Jun 24 by ColDale

their fans have started swallowing all of this already. They'd overlook Hitler's track record, citing some very respected names in the Autobahn industry.


Some, not all, Col.

Good thread this lads, good to read the comments of people not emotionally attached to the club.

Worryingly, I think you're all incredibly near the mark, but you can't say that on our board.
[Post edited 1 Jan 1970 1:00]
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Bury, some mortgage questions.... on 20:40 - Jun 24 with 2300 viewsSalwaDale

Bury, some mortgage questions.... on 20:34 - Jun 24 by ShakerMaker

Some, not all, Col.

Good thread this lads, good to read the comments of people not emotionally attached to the club.

Worryingly, I think you're all incredibly near the mark, but you can't say that on our board.
[Post edited 1 Jan 1970 1:00]


I'm actually beginning to be a bit worried for you lot.

Seems life over there is either "Just trust them, they're good people" or "We're on the titanic".

Interesting viewing but I have to say I don't want to see your club follow the likes of Darlo, Stockport etc.

TBBT

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Bury, some mortgage questions.... on 20:42 - Jun 24 with 2293 views442Dale

The Bury twitter account is ace, lots of tweets about the gossip... then news that Brugge's manager was impressed after a visit to Planet Gigg.

Hope Hill visited the Shay after arranging a friendly.

Poll: Greatest Ever Dale Game

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Bury, some mortgage questions.... on 20:46 - Jun 24 with 2261 viewsSuddenLad

Bury, some mortgage questions.... on 20:34 - Jun 24 by ShakerMaker

Some, not all, Col.

Good thread this lads, good to read the comments of people not emotionally attached to the club.

Worryingly, I think you're all incredibly near the mark, but you can't say that on our board.
[Post edited 1 Jan 1970 1:00]


FFS ShakerMaker, you need to bang some heads together and rally the troops. At least start asking the right questions instead of blithely following the prepared script without a word in reply.

It's YOUR club it should matter.




“It is easier to fool people, than to convince them that they have been fooled”

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Bury, some mortgage questions.... on 20:59 - Jun 24 with 2212 viewsR17ALE

Bury, some mortgage questions.... on 20:34 - Jun 24 by ShakerMaker

Some, not all, Col.

Good thread this lads, good to read the comments of people not emotionally attached to the club.

Worryingly, I think you're all incredibly near the mark, but you can't say that on our board.
[Post edited 1 Jan 1970 1:00]


Blimey. A bucket that thinks like a Dale fan!

A rare and endangered species. You should be stuffed and mounted on the wall in a stately home!

The mighty robshaker was in touch earlier saying he was having doubts! Half an hour later he was saying it's ace being a bury fan and he's optimistic!

I remember Killie once telling me that back in 1980, he felt it was vital we owned our own ground which would give us a base from which to build. Getting the ground back from Euroway Cars (?) was the first brick in our comeback.

The first thing the new bury lot have done is remortgage the ground.

Says all you need to know - it's the Tommy Cannon approach. Raise money off the land, build a team, do well and buy the ground back. If it all goes wrong, walk away as it isn't our club, or money. If it all goes well, take dividends.

Trouble is, how will 7 players do well? And the "fans" won't be happy! Are bury the only club to whom customers are referred to as "fans"? With the implied suggestion that any dissenting voices should shut it and comply.

Mind you, one of them is taking solace in the "fact" that Hill is overspending!! Seriously!!!

Poll: Who do you think bury should appoint as their next manager?

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Bury, some mortgage questions.... on 21:09 - Jun 24 with 2141 viewsD_Alien

Bury, some mortgage questions.... on 20:59 - Jun 24 by R17ALE

Blimey. A bucket that thinks like a Dale fan!

A rare and endangered species. You should be stuffed and mounted on the wall in a stately home!

The mighty robshaker was in touch earlier saying he was having doubts! Half an hour later he was saying it's ace being a bury fan and he's optimistic!

I remember Killie once telling me that back in 1980, he felt it was vital we owned our own ground which would give us a base from which to build. Getting the ground back from Euroway Cars (?) was the first brick in our comeback.

The first thing the new bury lot have done is remortgage the ground.

Says all you need to know - it's the Tommy Cannon approach. Raise money off the land, build a team, do well and buy the ground back. If it all goes wrong, walk away as it isn't our club, or money. If it all goes well, take dividends.

Trouble is, how will 7 players do well? And the "fans" won't be happy! Are bury the only club to whom customers are referred to as "fans"? With the implied suggestion that any dissenting voices should shut it and comply.

Mind you, one of them is taking solace in the "fact" that Hill is overspending!! Seriously!!!


Day.... the names Day


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Bury, some mortgage questions.... on 21:13 - Jun 24 with 2119 viewsTVOS1907

Bury, some mortgage questions.... on 20:09 - Jun 24 by Daley_Lama

just had this little beauty land in my inbox....

Firstly, the board would like to make it very clear that Mr Perry Deakin is not a shareholder or director of Bury FC, but has been contracted as a commercial consultant to advice the club on sales activity across our commercial operation.

We carried out significant due-diligence before approaching Perry and he was highly recommended by several extremely successful and high profile individuals within the sports industry. Perry’s 12 year history of commercial sports success working for several years with individuals such as Karren Brady at Birmingham City, we feel will only add to the talented team we are assembling here at Bury.

Mr Deakin has proven to be very professional in all aspects of his consultancy role and this wave of wild and inaccurate speculation will only hamper the progress we have made in our short time at the club and ultimately the clubs future financial well-being.

The board, of course, appreciate concerns, but only has the football clubs best interests at heart and is working tirelessly to secure a long-term, successful future of which our supporters can be proud. Our priority moving forward is to make Bury FC an independent financial business that can stand on its own two feet.

We strongly believe that people should only be judged on performance and we ask that judgement is made at the end of the season rather than making comments on non-proven third party statements.

The board is disappointed by some of the language being used by ‘fans’. However, we believe it is only a minority who think this board would do anything to damage the club moving forward.

As fans have seen, many decisions have already been made in the best interest of the club, and todays return for pre-season training demonstrates our scouting network has already reached beyond the wildest dreams of many fans who believed we would struggle to field a squad able to compete during the coming season.

Therefore we politely request that employees and consultants be allowed to continue to work incredibly hard in providing you with a club you can be proud of and be judged on what they deliver rather than gossip.

Thank you for your patience.

The board of directors


What sort of a name is Perry anyway?

Perry Groves
Perry Como
Perry Cotton (ex-Scunthorpe scorer v Dale)
Perry Fenwick (bloke of Eastenders)
Kevin & Perry

Any more?

When I was your age, I used to enjoy the odd game of tennis. Or was it golf?

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Bury, some mortgage questions.... on 21:13 - Jun 24 with 2114 viewsD_Alien

Bury, some mortgage questions.... on 21:13 - Jun 24 by TVOS1907

What sort of a name is Perry anyway?

Perry Groves
Perry Como
Perry Cotton (ex-Scunthorpe scorer v Dale)
Perry Fenwick (bloke of Eastenders)
Kevin & Perry

Any more?


Winkle

Poll: What are you planning to do v Newport

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Bury, some mortgage questions.... on 21:14 - Jun 24 with 2103 viewsDaley_Lama

Fred Perry

It is Wimbledon Fortnight, Perhaps a bet on Murray might be in order after this Omen (Damian)
[Post edited 1 Jan 1970 1:00]

Poll: DF in or out

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Bury, some mortgage questions.... on 21:16 - Jun 24 with 2097 viewsChaffRAFC

Bury, some mortgage questions.... on 21:13 - Jun 24 by TVOS1907

What sort of a name is Perry anyway?

Perry Groves
Perry Como
Perry Cotton (ex-Scunthorpe scorer v Dale)
Perry Fenwick (bloke of Eastenders)
Kevin & Perry

Any more?


Perry Perry Chicken?
Den Perry?

If I hadn't seen such riches, I could live with being poor

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Bury, some mortgage questions.... on 21:16 - Jun 24 with 2096 viewsR17ALE

Bury, some mortgage questions.... on 21:13 - Jun 24 by TVOS1907

What sort of a name is Perry anyway?

Perry Groves
Perry Como
Perry Cotton (ex-Scunthorpe scorer v Dale)
Perry Fenwick (bloke of Eastenders)
Kevin & Perry

Any more?


Perry Digweed?

Poll: Who do you think bury should appoint as their next manager?

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Bury, some mortgage questions.... on 21:20 - Jun 24 with 2064 viewsjudd

Perilous?

Poll: What is it to be then?

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Bury, some mortgage questions.... on 21:20 - Jun 24 with 2063 viewsD_Alien

There once was a guy named perry
Who sought to advise the bury
He should have been halted
But when bury defaulted
He left in a heck of a hurry

Poll: What are you planning to do v Newport

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Bury, some mortgage questions.... on 21:21 - Jun 24 with 2056 viewsTVOS1907

Bury, some mortgage questions.... on 21:16 - Jun 24 by R17ALE

Perry Digweed?


Perry's - car dealers in bury

When I was your age, I used to enjoy the odd game of tennis. Or was it golf?

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Bury, some mortgage questions.... on 21:25 - Jun 24 with 2039 viewsDaley_Lama

SCM Sports Management Ltd has only got 2 directors, back on the original subject.

It's head office can be viewed here on the info tab.

http://www.companieslist.co.uk/08541640-sg-sports-management-limited

Swanky!

Poll: DF in or out

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