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Bury FC and Bolton

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53 minutes ago, scotchy1 said:

As I said before. The RFL and SL should buy Bolton's stadium. It's a good size for some of the 2nd tier showpiece games and would give us a base to create new events. 

With what,free club Wembley tickets for the next 10 Challenge Cup Finals

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Just now, DEANO said:

Such as

Have you not seen all those other businesses going bust? It has been a conveyor belt of struggling businesses, just like in sport.

Particularly in RL there has been a huge drive towards sustainability, it just hasn't been possible in many cases.

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Unrealistic demands by fans , over confidence by businessman owners who think they can ' run ' anything , the changes in contracts brought on by the ' bosman ' ruling , the growth in players agents 

All are issues that ends up with sports clubs in uncontrollable debt , too many statements declaring " be where we belong " 

Edited by GUBRATS
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3 minutes ago, GUBRATS said:

It does make you wonder at the logic of a native of Bury with strong links to the club , putting money and media profile into a non league club in Salford 

Why not Bury FC ?

I suppose that could be said for many people. Why did Abramovich choose Chelsea and Sheikh Mansour choose Manchester City instead of teams local to them ?

The better prospects of glory and/or profit!

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Yes but when has any sports club turned a profit.  These clubs have been losing money for years and not just fallen on hard times recently

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sometimes you have to take a step backwards to move forward

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1 minute ago, RL does what Sky says said:

I suppose that could be said for many people. Why did Abramovich choose Chelsea and Sheikh Mansour choose Manchester City instead of teams local to them ?

The better prospects of glory and/or profit!

Mansoor chose City due to its proximity to Utd 

Abramovich was on his way to Spurs when he flew over the Bridge and changed his mind 

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1 hour ago, scotchy1 said:

As I said before. The RFL and SL should buy Bolton's stadium. It's a good size for some of the 2nd tier showpiece games and would give us a base to create new events. 

I know the RFL don't have the money to buy it. Not sure if SL has any money either

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28 minutes ago, GUBRATS said:

It does make you wonder at the logic of a native of Bury with strong links to the club , putting money and media profile into a non league club in Salford 

Why not Bury FC ?

Possibly because of the clubs accounts. 

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36 minutes ago, GUBRATS said:

It does make you wonder at the logic of a native of Bury with strong links to the club , putting money and media profile into a non league club in Salford 

Why not Bury FC ?

Natives, rather than the singular. Two natives who’s father has a stand named after him and who’s mother has worked at the club for 30 years. 

But at least they understand irony...

As a lifelong Bolton fan, I’m quite frankly bricking it. 

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1 hour ago, GUBRATS said:

Mansoor chose City due to its proximity to Utd 

Abramovich was on his way to Spurs when he flew over the Bridge and changed his mind 

Both still not local to them though.

There is a story locally that Mansour actually thought he was buying United and got the names mixed up.

Edited by RL does what Sky says

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The only way for this to work and be sustainable is for a Bolton W or Bury, RLFC with an attached football side/team of the same name with investors etc.

 

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RL1.JPG.6a10be03c5528650e188f078de012540.JPG

 

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1 hour ago, The Future is League said:

I know the RFL don't have the money to buy it. Not sure if SL has any money either

The RFL have a lot of funding streams available, a lot of rich owners involved and more money than we think. 

 

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Neighbour just mentioned that Sky Sports channel were doing a "countdown clock " this afternoon for Bury and Bolton going bust, treating it like some New Years Eve countdown.  Apparently they took a bit of stick for doing it.

Edit - found a pic - 

View image on Twitter

Edited by Jasper
Update
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21 minutes ago, scotchy1 said:

The RFL have a lot of funding streams available, a lot of rich owners involved and more money than we think. 

 

If that's the case they disguise it brilliantly, and it would be the only thing that they can do well?

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23 minutes ago, Jasper said:

Neighbour just mentioned that Sky Sports channel were doing a "countdown clock " this afternoon for Bury and Bolton going bust, treating it like some New Years Eve countdown.  Apparently they took a bit of stick for doing it.

Edit - found a pic - 

View image on Twitter

As usual with all the media these days, they just report things for the sensationalism factor and try to make stories out of nothing.

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I thought there would be a que of Wakey or Bulls fans outside Gigg lane, spanner's in hand, following the example of Fev waiting to dismantle the stands and ship 'em back down the M62 to improve their ground's with!  Bolton's might prove a tad more difficult to dismantle but surely the pie munchers would like a home of their own again????

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2 hours ago, RL does what Sky says said:

I can understand that but, even if the vast majority was interest, the club had obviously agreed to that amount of interest and still owed it.Therefore they should have made provision for it with their balance of income/expenditure.

For some reason many people think that sports clubs shouldn't follow the normal rules of business and then moan when the club might have to fold, even though the club had spent far money money than they earned.

Yes, other businesses operate in a similar way but, in the end, if they eventually couldn't afford to continue they would also have to pack in.

Businesses are there to make a profit for the owner, whereas sports clubs are there for sporting glory - that’s why sports clubs will always get into trouble when they overextend.

Of course there’s something deeper behind the malaise at Bolton and Bury.

 

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7 minutes ago, Gerrumonside ref said:

Businesses are there to make a profit for the owner, whereas sports clubs are there for sporting glory - that’s why sports clubs will always get into trouble when they overextend.

Of course there’s something deeper behind the malaise at Bolton and Bury.

Agree with your first comment.

I wouldn't know about the second one.

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Its a terrible situation for both clubs and shows what can happen to any sports club. The Bolton situation is complicated with historic loans, secured debts etc. Also issues with the profitibility of the hotel there. Ultimately, and although alot of owners are not in it for the money,  clubs do need to be run as businesses. Lots of owners of sports clubs are poor (or failed) businessmen.

As I said could happen to any club though. Liverpool were days from going to the wall when Hicks and Gillet were owners. Just look at the contrast now with FSG in charge. 

In a rugby league context turnover etc is alot smaller but the same principles apply. There's been a few clubs struggling in recent years but hope that we don't see similar situations to Bury and Bolton 

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1 hour ago, OriginalMrC said:

In a rugby league context turnover etc is alot smaller but the same principles apply. There's been a few clubs struggling in recent years but hope that we don't see similar situations to Bury and Bolton 

In RL we just pretend it didn’t happen ie Bradford Bulls going bust then starting again in the Championship with same players, stadium, colours and history as if nothing ever happened

Edited by Mr Plow
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5 hours ago, RL does what Sky says said:

Another item mentioned on the local radio was that Bolton were previously owned by a man in the Isle of Man who gave up his ownership in 2018 and wrote off the club's debts to him ... of £117 million !

So, if clubs can have such money and just waste it then why should they, or any business, be allowed to coninue ?

All interesting. If they are debt free how are they bankrupt?

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