adamoafc Posted April 28, 2017 Share Posted April 28, 2017 6 minutes ago, Stagger Lee said: Given the wage bill for last season and this .... WHO THE HELL IS BANKROLLING ALL THIS? A bank loan which they keep renewing and increasing apparently. Not even paying the interest on it. They are talking about a new stadium aswell! ? Quote Link to comment Share on other sites More sharing options...
deyres42 Posted April 28, 2017 Share Posted April 28, 2017 Owner can donate as much as they want. Quote Link to comment Share on other sites More sharing options...
kowenicki Posted April 28, 2017 Share Posted April 28, 2017 1 hour ago, deyres42 said: Owner can donate as much as they want. I know. That's why I said FFP doesn't work. Quote Link to comment Share on other sites More sharing options...
deyres42 Posted April 28, 2017 Share Posted April 28, 2017 6 minutes ago, kowenicki said: I know. That's why I said FFP doesn't work. Don't disagree. It's neither one thing or the other at the moment. Quote Link to comment Share on other sites More sharing options...
yarddog73 Posted April 28, 2017 Share Posted April 28, 2017 44 minutes ago, kowenicki said: I know. That's why I said FFP doesn't work. It doesn't work for us because we don't have a rich owner. Quote Link to comment Share on other sites More sharing options...
kowenicki Posted April 28, 2017 Share Posted April 28, 2017 1 hour ago, yarddog73 said: It doesn't work for us because we don't have a rich owner. neither do Bury... Quote Link to comment Share on other sites More sharing options...
jimsleftfoot Posted April 28, 2017 Share Posted April 28, 2017 After pondering this for many years, i'm now of the view that owners should not be punished for investing in clubs. It only serves to keep the already rich clubs where they are. Like with anything, there are cons but that's life. Quote Link to comment Share on other sites More sharing options...
GlossopLatic Posted April 28, 2017 Share Posted April 28, 2017 (edited) 3 hours ago, adamoafc said: A bank loan which they keep renewing and increasing apparently. Not even paying the interest on it. They are talking about a new stadium aswell! ? My understanding of FFP was that it was put in place so clubs couldn't rack up large losses against borrowed money. It had to be money coming as a direct investment from the owner. If that's the case aren't Bury clearly breaking that rule? Edited April 28, 2017 by GlossopLatic Quote Link to comment Share on other sites More sharing options...
adamoafc Posted April 28, 2017 Share Posted April 28, 2017 https://www.google.co.uk/amp/s/amp.theguardian.com/football/david-conn-inside-sport-blog/2014/nov/12/bury-high-interest-loans-shadow-recovery Quote Link to comment Share on other sites More sharing options...
Laticsbiffo Posted April 28, 2017 Share Posted April 28, 2017 I can't believe that Bury FC will not go insolvent within the next 5 years given the detail in this Guardian report from Oct 2016, if the present owners carry on the way they are. They currently have 5 mortgages against Gigg Lane!! https://www.theguardian.com/football/2016/oct/27/bury-gigg-lane-winding-up-order-league-one Quote Link to comment Share on other sites More sharing options...
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