Review of Bury collapse: EFL did what they could – but rules were insufficient
26 March 2020
Independent review into Bury’s collapse by QC of Bird & Bird, finds Football League applied rules properly, but questions whether regulations are "fit for purpose."
Bury handed nearly £70,000 of league fines prior to collapse.
Bury’s demise "highlights the need for a review of the financial ecosystem" of the Football League.
An independent review into the collapse of Bury has revealed that the Football League levelled £67,357 of fines on the failing club in the years leading up to its collapse. These included a fine of nearly £19,000 for late payment of ticket revenues to Tranmere Rovers, despite the amount owing standing at just £20,000.
The review carried out by Jonathan Taylor QC of Bird & Bird showed that the club’s previous owner, the property developer , Stewart Day, were serial late payers to other football creditors, despite Day investing £11.5 million of his own money into the club.
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