Bury FC and Bolton

[Rupert Prince 995]

1 hour ago, Clogiron said:

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?

Whoever dismantles it... could they make sure that the in goal areas are deep enough?

[Odsal Outlaw 1,009]

Although I appreciate it is 99% likely to be unfeasible, it could be a great RL national stadium! Would hope we have at least had a speculative look.

Challenge would be filling it with events ... CC Semi-Finals, 2x Internationals per year, WCC, Magic, 9s? That could be 6 events!

[Gooleboy 826]

4 hours ago, Davo5 said:

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

No need when they already have Odsal!

[Gooleboy 826]

4 hours 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

Maybe Mr Elstone can enlighten us.

[sweaty craiq 767]

6 hours 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. 

So SL tell their clubs to give up £30m to buy a white elephant or a skint RFL to borrow said amount on  little equity and soon to be zero Sky cash. Two tens anyone

[SL17 736]

25 minutes ago, sweaty craiq said:

So SL tell their clubs to give up £30m to buy a white elephant or a skint RFL to borrow said amount on  little equity and soon to be zero Sky cash. Two tens anyone

You have the issue of the hotel.

[paul hicks 95]

20 minutes ago, SL17 said:

You have the issue of the hotel.

Leeds seem to do k with the hotel they have at headingley

[RL does what Sky says 2,020]

3 hours ago, Rupert Prince said:

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

Apparently the previous owner died earlier this year having again donated another £10million to the club shortly before his death after they had gone further into debt after his ownership of the club had ceased.

It appears the club was just losing money at speed.

[RL does what Sky says 2,020]

Bury expelled.

Bolton given another 14 days to prove they can survive.

[scotchy1 5,583]

10 hours ago, Clogiron said:

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

They dont really, they just cry poor, do a rubbish job and we fall for it.

The RFL turnover somewhere between 20 and 30m a year. The game isnt as broke as it pretends it is.

[scotchy1 5,583]

6 hours ago, sweaty craiq said:

So SL tell their clubs to give up £30m to buy a white elephant or a skint RFL to borrow said amount on  little equity and soon to be zero Sky cash. Two tens anyone

£30m? you're having a laugh arent you? It only cost £25m to build 20 years ago and it has no value outside of Bolton wanderers or what someone like the RFL could create.

 

[Leyther_Matt 632]

8 minutes ago, scotchy1 said:

£30m? you're having a laugh arent you? It only cost £25m to build 20 years ago and it has no value outside of Bolton wanderers or what someone like the RFL could create.

 

I’d suggest that a site adjacent to a motorway junction, a direct rail line to Manchester and next door to one of the biggest retail parks in Europe would be of quite some value to a lot of developers. 

[DoubleD 5,087]

2 hours ago, RugbyLeagueMan said:

Do Bury and Bolton have RL clubs? Shouldn't this thread be in the other sports forum? Just asking. We're here to discuss real footy.

Yes they both do, Bury Broncos and Bolton Mets

[scotchy1 5,583]

6 minutes ago, Leyther_Matt said:

I’d suggest that a site adjacent to a motorway junction, a direct rail line to Manchester and next door to one of the biggest retail parks in Europe would be of quite some value to a lot of developers. 

There is a lot more complications when they have to knock down a stadium to do anything with it.

[Leyther_Matt 632]

10 minutes ago, scotchy1 said:

There is a lot more complications when they have to knock down a stadium to do anything with it.

It was classified as an ACV a couple of years ago but all that does is offer the chance to match the cost of any other bids - nobody is going to bid on behalf of a club that doesn’t exist. 

[scotchy1 5,583]

8 minutes ago, Leyther_Matt said:

It was classified as an ACV a couple of years ago but all that does is offer the chance to match the cost of any other bids - nobody is going to bid on behalf of a club that doesn’t exist. 

But that is kind of what I mean. The simplest and almost certainly cheapest solution is to keep a stadium there, however other than bolton wanderers nobody else really wants it as a stadium.

So to everyone else having the stadium there devalues the land (due to the costs and complications and probably bad will that would come from knocking it down) whilst the game has the opportunity to buy a decent sized stadium in a good location

[Death to the Rah Rah's 195]

13 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.

all business sense seems to go out of the window when it comes to managing sports clubs.

Accountants probably advise the owners to stack interest on any loans to offset tax, so basically its a soft loan, and would only ever become an issue if the loan (with interest) was called in by the owner which  they rarely are and was probably why Eddie Davies could write off the Bolton debt

[The Future is League 2,349]

11 hours ago, scotchy1 said:

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

 

That's a surprise to me

[The Future is League 2,349]

8 hours ago, Gooleboy said:

Maybe Mr Elstone can enlighten us.

unlikely

[cookey 1,044]

It seems that 43 of the 51 companys the Bury owner,Steve Dale, has been associated with, have encountered financial problems.

I trust SL and the RFL urgently review their fit and proper persons clause but have little faith in either of them being pro active over anything. Both organisations seem to wait for a problem to occur,then run around like headless chickens.

[Davo5 3,664]

If TWP get promoted maybe Argyle will buy it,use it as a training base,play their early season games there ,invite Parky to officially open the newly named Den and employ MoK as official crowd counter.

[gingerjon 11,887]

1 hour ago, scotchy1 said:

The RFL turnover somewhere between 20 and 30m a year. The game isnt as broke as it pretends it is.

Turnover's kind of irrelevant to how much money you actually have to buy stadiums.

[Chronicler of Chiswick 899]

Interestingly, those on here with long memories might recall that when  Jack Robinson took over as chairman of Wigan from Mo Baby, he toyed with the idea of moving Wigan RLFC to the then new Reebok Stadium. Needless to say, it wasn't a popular notion!

[Clogiron 1,780]

28 minutes ago, Chronicler of Chiswick said:

Interestingly, those on here with long memories might recall that when  Jack Robinson took over as chairman of Wigan from Mo Baby, he toyed with the idea of moving Wigan RLFC to the then new Reebok Stadium. Needless to say, it wasn't a popular notion!

Well that turned out well didn't it, falling crowds, unable to play games when they want, can't even get a World Cup game, so what were the advantages of the DW?

[kev p 107]

One of the main problems is one man owning a club, if he walks away they can be in s**t street. Spending beyond your means does not work anywhere! Perhaps salary caps are a good idea