Stewart Day had sold the stadium which has a debt on it of around £3.7m. The interest charged, eye watering.
He had sold car parking spaces, around 250 of them, at £10,000 a pop.
Without a deal to settle these liabilities there was no hope.
So that’s £6.2m
Steve Dale’s cash spent.
The CVA costs.
And you’re north of £10m by some way.
Then add in the requirement to fund the club through.
Then the fact there’s no settled manager, no team.
More points deductions.
Almost certainly @SkyBetLeagueTwo
Add on this the unknown creditors that always crawl out of the woodwork.
It just got way too risky and way too expensive for ANY buyer.
The death of @buryfcofficial was set in train years ago.
When Steve Dale started to see reality he knew the..
He had walked into a hornets nest.
That’s what was happening behind the scenes, an attempt to pull debtors and fixed charge holders together.
It’s exactly the same situation @OfficialBWFC
I didn’t tweet last night because I’d have gone too far.
Let’s not look back in 10 years and try to rebuild a pyramid, devastated by poor distribution and regulation.
Let’s decide NOW what we want for football, what role we want it to play in society and communities.
If we want a vibrant pyramid or if we want just 20 or 40...
...let’s decide and plan NOW, measuring progress towards the desired target.
The fact is football hasn’t got a long term structured plan.
And that’s a recipe for disaster.
I’m gutted for @buryfcofficial ...
We desperately need to learn the obvious lessons from this catastrophe. We need a post mortem.
But for now let’s dwell on this:
A club has died and it’s OUR fault.