tomorrow can't come quick enough 14:17 - Oct 16 with 2263586 views | batman | Not for us, but for Bury. i was credit checking a potential customer and decided to nosey onto BFC's file and was (or maybe not) supprised to see a new CCJ for circa £22k lodged only Wednesday this week. looks like they are in need of a bumper crowd tomorrow to settle some bills | | | | |
tomorrow can't come quick enough on 21:41 - Jul 25 with 4623 views | pnc4eva1 | I do still feel soory for Bury fans who saw through Day's lies | |
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tomorrow can't come quick enough on 21:51 - Jul 25 with 4584 views | judd |
tomorrow can't come quick enough on 21:41 - Jul 25 by pnc4eva1 | I do still feel soory for Bury fans who saw through Day's lies |
Cheers. What is their role with the latest bury gubbins? And yes, I, too, feel sorry for him that saw through Day. | |
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tomorrow can't come quick enough on 22:46 - Jul 25 with 4448 views | JumeirahDale | A shell company based in an end-terrace in Chadderton - but yeah, what Judd said - still not seeing how this is linked PNC, unless you've got something "off the record"? Edit - RCR has just bought 7 million quid of Mederco debt... [Post edited 25 Jul 2019 22:49]
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tomorrow can't come quick enough on 22:48 - Jul 25 with 4441 views | judd |
tomorrow can't come quick enough on 22:46 - Jul 25 by JumeirahDale | A shell company based in an end-terrace in Chadderton - but yeah, what Judd said - still not seeing how this is linked PNC, unless you've got something "off the record"? Edit - RCR has just bought 7 million quid of Mederco debt... [Post edited 25 Jul 2019 22:49]
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Yeah, come on - spill then has beans ðŸ˜ðŸ˜ðŸ˜ | |
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tomorrow can't come quick enough on 22:50 - Jul 25 with 4435 views | JumeirahDale |
tomorrow can't come quick enough on 22:48 - Jul 25 by judd | Yeah, come on - spill then has beans ðŸ˜ðŸ˜ðŸ˜ |
RCR has bought most of Mederco's debt (which I assume means debt owed TO Mederco - i.e. including thatm owed by Bury). Just seen it on the BMB. | | | |
tomorrow can't come quick enough on 22:54 - Jul 25 with 4411 views | judd |
tomorrow can't come quick enough on 22:50 - Jul 25 by JumeirahDale | RCR has bought most of Mederco's debt (which I assume means debt owed TO Mederco - i.e. including thatm owed by Bury). Just seen it on the BMB. |
Thanks, but...? | |
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tomorrow can't come quick enough on 23:04 - Jul 25 with 4384 views | JumeirahDale | But I've no bloody clue what any of it actually means! Other than instead of Bury's creditors previously being some convoluted combination of: Mederco / SD1 / HMRC / Mortgages / Football Creditors It is now a combination of: Kris Richards / SD2 / HMRC / Mortgages / Football Creditors Some suggestion that the allusion to a potential £6 million credit line made by Wiseglass at the Bury CVA creditors meeting (he allegedly claimed to have "seen proof of it") may be somehow related to this, but not sure how changing the owners of the debt somehow helps generate a credit line other than one on debt they already owe...like claiming you've got a new credit card, when what you've actually got is a balance transfer. | | | |
tomorrow can't come quick enough on 23:25 - Jul 25 with 4338 views | judd |
tomorrow can't come quick enough on 23:04 - Jul 25 by JumeirahDale | But I've no bloody clue what any of it actually means! Other than instead of Bury's creditors previously being some convoluted combination of: Mederco / SD1 / HMRC / Mortgages / Football Creditors It is now a combination of: Kris Richards / SD2 / HMRC / Mortgages / Football Creditors Some suggestion that the allusion to a potential £6 million credit line made by Wiseglass at the Bury CVA creditors meeting (he allegedly claimed to have "seen proof of it") may be somehow related to this, but not sure how changing the owners of the debt somehow helps generate a credit line other than one on debt they already owe...like claiming you've got a new credit card, when what you've actually got is a balance transfer. |
Cheers. Mortgages will be secured creditors so weren't part of the CVA. As part of the agreement to retain EFL membership, any debt deemed football related needs to be repaid 100%, irrespective of the deal agreed with other unsecured creditors. The questions arising are when will actual cash be transferred to the creditors, how will the business fund week in week out cash flow, and how has this new creditor appeared in order to apparently negate the CVA? And can the club muster a safety cert? | |
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tomorrow can't come quick enough on 23:37 - Jul 25 with 4309 views | JumeirahDale |
tomorrow can't come quick enough on 23:25 - Jul 25 by judd | Cheers. Mortgages will be secured creditors so weren't part of the CVA. As part of the agreement to retain EFL membership, any debt deemed football related needs to be repaid 100%, irrespective of the deal agreed with other unsecured creditors. The questions arising are when will actual cash be transferred to the creditors, how will the business fund week in week out cash flow, and how has this new creditor appeared in order to apparently negate the CVA? And can the club muster a safety cert? |
Absolutely. And add to that a few more, probably for James1980 - (1) why would anyone buy Mederco's debt due from Bury unless it was either a very cheap gamble, or they had assurances / a sufficient relationship with the creditor (effectively SD2) to understand what would happen next? (2) if Bury's debt to Mederco is legally proven to be a true, enforceable debt (seemed like it was still up in the air last time we heard), can the owner of that debt (now KR) force through a revision in the terms of the CVA, or a wind-up of the company if they don't get paid? [Post edited 25 Jul 2019 23:39]
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tomorrow can't come quick enough on 00:02 - Jul 26 with 4252 views | Sandyman |
tomorrow can't come quick enough on 20:26 - Jul 25 by macro | Bolton went into administration so a different route. Have read some drivel from both sets of fans - you can’t let a club with such history die... |
Happy to stand corrected. Thank you. "History" means naught given the despicable acts of thievery those clubs have done to honest people and businesses. | | | |
tomorrow can't come quick enough on 07:52 - Jul 26 with 3996 views | number30 |
tomorrow can't come quick enough on 23:37 - Jul 25 by JumeirahDale | Absolutely. And add to that a few more, probably for James1980 - (1) why would anyone buy Mederco's debt due from Bury unless it was either a very cheap gamble, or they had assurances / a sufficient relationship with the creditor (effectively SD2) to understand what would happen next? (2) if Bury's debt to Mederco is legally proven to be a true, enforceable debt (seemed like it was still up in the air last time we heard), can the owner of that debt (now KR) force through a revision in the terms of the CVA, or a wind-up of the company if they don't get paid? [Post edited 25 Jul 2019 23:39]
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As far as I'm aware, if that debt was not part of the original CVA then the owner of the debt can either: 1) try and force a revision of the CVA to include such debt 2) enforce the debt in full and can start a Winding up Petition Can't see how or why SD2 would get a CVA and not include ALL unsecured debt unless he thinks the Mederco debt is unenforceable or there's some back handed deal going on | | | |
tomorrow can't come quick enough on 08:03 - Jul 26 with 3964 views | macro | A 6 million pound credit line under a CVA will have ridiculous rates of interest. Do they ever learn? 14 days and counting | | | |
tomorrow can't come quick enough on 09:21 - Jul 26 with 3793 views | electricblue | Everything the EFL said yesterday should have been done at the seasons end.. | |
| My all time favourite Dale player Mr Lyndon Symmonds |
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tomorrow can't come quick enough on 09:29 - Jul 26 with 3764 views | BigKindo |
All very bizarre. The Company has a sole Director, a Mr Kris Richards who holds no other Directorships and who holds 100 x £ 1-00 fully paid up shares in RCR Holdings Ltd. His correspondence address is a modest terraced house in Chadderton. Perhaps Harry Rednap's dog Part 2. | | | |
tomorrow can't come quick enough on 09:58 - Jul 26 with 3691 views | ParkinsGimp | Oh this is fun. Imagine the embarassment of "this famous old club" being kicked out of the league after the first game . I am amazed some are even trying to unravel this mess. The EFL are a joke as a silly bury poster mentioned , but they are a joke for not stamping on this odious grub of a club and making sure they were severely punished at the end of last season for all the shenanigans. They do have history, but its a history of cheating. I am losing all sympathy for any bury fans now , even the one that saw through the milky bar kid. | | | |
tomorrow can't come quick enough on 11:51 - Jul 26 with 3467 views | chalky_ncfc | Isn't it getting a bit too late to kick Bury out of the EFL now? I doubt that it's as easy as telling them that they now play in the National League and promote another (2?) teams as I'm presuming that plans have been made by everyone once the fixtures came out | |
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tomorrow can't come quick enough on 11:55 - Jul 26 with 3454 views | TVOS1907 |
tomorrow can't come quick enough on 11:51 - Jul 26 by chalky_ncfc | Isn't it getting a bit too late to kick Bury out of the EFL now? I doubt that it's as easy as telling them that they now play in the National League and promote another (2?) teams as I'm presuming that plans have been made by everyone once the fixtures came out |
There will just be 23 teams in League One and no reprieves for those who were deservedly relegated. | |
| When I was your age, I used to enjoy the odd game of tennis. Or was it golf? |
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tomorrow can't come quick enough on 11:56 - Jul 26 with 3450 views | kel | If the worst happens maybe they could apply for re-election. | | | |
tomorrow can't come quick enough on 11:56 - Jul 26 with 3449 views | TVOS1907 |
Steve Dave? Arf. | |
| When I was your age, I used to enjoy the odd game of tennis. Or was it golf? |
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tomorrow can't come quick enough on 12:00 - Jul 26 with 3423 views | judd |
tomorrow can't come quick enough on 11:56 - Jul 26 by TVOS1907 | Steve Dave? Arf. |
I will bet there were hopes up all over the place in that they had a new owner already. | |
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tomorrow can't come quick enough on 12:03 - Jul 26 with 3406 views | TVOS1907 |
tomorrow can't come quick enough on 12:00 - Jul 26 by judd | I will bet there were hopes up all over the place in that they had a new owner already. |
SD3? | |
| When I was your age, I used to enjoy the odd game of tennis. Or was it golf? |
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tomorrow can't come quick enough on 12:05 - Jul 26 with 3404 views | chalky_ncfc |
tomorrow can't come quick enough on 11:55 - Jul 26 by TVOS1907 | There will just be 23 teams in League One and no reprieves for those who were deservedly relegated. |
If no teams are promoted and Bury dropped down to the National League then there would be to many teams in that league throwing the fixtures into chaos,I can't see it happening this late | |
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tomorrow can't come quick enough on 12:07 - Jul 26 with 3395 views | IOMDale |
tomorrow can't come quick enough on 12:05 - Jul 26 by chalky_ncfc | If no teams are promoted and Bury dropped down to the National League then there would be to many teams in that league throwing the fixtures into chaos,I can't see it happening this late |
National League? In their position, I'd think NW Counties is a more likely proposition. | | | |
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