Company that bought Burys debt reported to be owned by partner of Dales daughter.
https://www.theguardian.com/football...-dale-daughter
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24-08-2019, 08:06 AM #1
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24-08-2019, 09:33 AM #2
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The company who supposedly can take on Bury’s multi-million pound debt produced micro accounts for the year ending 2018 meaning that they turned over less than £632,000.00.
How the hell are they viable bidders unless they have ‘others’ in the background supporting them?
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24-08-2019, 12:21 PM #3
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Talk about a tangled web!
Originally Posted by WanChaiMiller
The football club owed the previous chairman's company £7 million.
The previous chairman's company sold that debt for £70,000 (1p in the pound) to a company set up by the current chairman's daughter's boyfriend, specifically to purchase that debt.
The boyfriend's company could be getting £1.75 million, if the CVA/sale of the club ever goes through, for his (or his girlfriend's dad's?) £70,000
The previous chairman's company, who owned the original debt, is in administration.
wtf is going on?
Was the sale of the £7million debt, for 1/100th of it's face value, before, or as a part of, the administration process?
What was in it for the previous chairman?
No wonder people are demanding enquiries be made.
I just hope that this complication doesn't stop the sale of the club going through.
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