They already can and do do that, the rules already don't hold them personal financially responsible for the clubs debts, hence why this happens to much (Portsmouth, repeatedly). That's why you get so many clubs being sold for £1, just to pass the debt along to someone else. Normally the owner just agrees to hand over the club and the debts, but it seems Bury's owner is still trying to demand a fee to buy his bankrupt football club.
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Bury fans club AFC start a new life in NWCL
- Thread starter urban genie
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aguero93:20
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Don't think the FL would have the ability legally to seize property, that only resides with the courts. As for the latter point they could always have brought in a fit for purpose version of FFPR that looked at the balance sheet and debt exposure...American sports kind of have it (although they have a weird monopoly system in general) but I think they absolutely have the authority to do it if they get approval from the FL teams? It's not ideal but it's better than having terrible owners given the ability to bankrupt clubs while refusing offers like Dale seems to be doing. At the moment it seems like you have the "fit and proper" test to buy the club, then that's it, once you've passed it your free to do whatever you want and they can't stop you.
kippaxwarrior
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EFL have just issued a statement saying limited progress has been made. That doesn't sound good.
6 hours before they fold
6 hours before they fold
Fred_Quimby
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Should there be a scheme like ATOL that covers for losses when a club goes bust? Something that every club pays into?
Agreed on the second part, they should be a lot more vigilant of current owners behaviour instead of just deciding whether or not you can buy it in the first place.Don't think the FL would have the ability legally to seize property, that only resides with the courts. As for the latter point they could always have brought in a fit for purpose version of FFPR that looked at the balance sheet and debt exposure...
I do think they would be able to seize property though if they put it in their rules regarding administration. If the Football League put it in their laws that if a club enters administration, the football league become the legal owners of the club until a takeover can be arranged, I don't know whether that would be illegal, if the clubs signed up to it. They already have a bunch of "laws" governing the game that don't really fit in with normal business (FFP, the EPPP, the fit and proper persons test, the weird rules meaning football debts have to be paid before non-footballing debts etc)
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blueinsa
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Never went out of business when Utd and Liverpool where winning everything in sight.....
Clearly we are to blame here.
Clearly we are to blame here.
Nellies left peg
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Why is the owner now asking the public for money when all along he's said he has the funds available. The Efl asked for assurances for 1.6 million if necessary and he said he had it but didn't see why he should put it up just incase.very suss this Dale chap
jimharri
Moderator
Ouch. Bet they regret that banner now!
Someone who buys a club for £1 and trying to sell it for 2 million is what Platini was on about in his interview on ffp “we don't want another Portsmouth” what he said these G14 club owers and that shit face Gill is why all these clubs are dying.