Month: August 2019

This is C&N

In a perpetual state of cutting it extremely fine, the future of Bury Football Club is still precarious at the time of writing. The events of the past week have at once felt like a whirlwind and running in treacle, amplified by belated but constant national media attention. Many of the club’s supporters have taken to the airwaves to highlight the (ongoing) plight, and yours truly has been no exception to that:

  1. Race to the Bottom: Episode 13 (opens in Spotify)
  2. The Big Kick Off: Episode 116 (opens in Soundcloud)
  3. Sky News Interview: Five minutes of my face on YouTube (sorry!)

The previously intransigent owner Steve Dale was sending all kinds of mixed messages on Friday during his grand tour of seemingly everywhere except the negotiating table, with as many as four interested parties in taking over before the midnight deadline set by the EFL for either sufficient evidence of proof of funds from Dale himself or for a deal to be struck to their satisfaction.

Like probably every other fan, I was glued to social media (even more than usual) as the minutes ticked by, desperate for some solid sleep but even more desperate for a credible source to break the news that there had been a sale, which duly came a little over two hours from oblivion:

What quickly emerged from then on were the identities of the group – C&N Sporting Risk, a small company whose main service is in data analytics, with Rory Campbell and Henry Newman at the head of the firm.

Campbell is the son of the infamous Labour spin-doctor Alastair, who, for all his… flaws (putting it extremely lightly) has always maintained a fervent and genuine interest in football, being a follower of fellow Lancashire side Burnley and raising a family with an appreciable knowledge of how important the link is between clubs and the communities they are an intrinsic component of.

Rory has created his own niche after completing the well-trodden Oxbridge PPE path, founding C&N in 2016 whilst still in his 20s after firming up his interests at university, with the ongoing  ‘Moneyball’ experiment at Brentford a big driver behind his deepening involvement in the sport (and perhaps the current interest in Bury). It’s impossible to ignore the betting aspect of his company, however, and there would be a question mark over just how they could as a business work around the strict laws set out by the FA governing inside information whilst owning a club. He would need to prove, much like Tony Bloom at Brighton & Hove Albion and Matthew Benham at The Bees that he doesn’t place any bets himself, only acting as a ‘consultant’ for others.

Newman’s background is more rooted in coaching, especially in London with two different clubs – Charlton Athletic and Barnet, the latter of which he had a brief spell as joint-interim coach with Rossi Eames two years ago, and the pair appeared on a Not the Top 20 podcast during their brief tenure:

In it, Henry sets out his vision for how football should be played, with an emphasis on an eye-pleasing style whilst still being mindful of the shortcomings of the squad he had under him at The Hive. He took a break from a role as chief opposition scout with West Ham United during that four-month interlude, continuing to hone and diversify his skillset in the game and firmly setting him on the road to his directorship at C&N.

At this juncture, it’s important not to get too far ahead of myself. A disappointingly short extension to the deadline, in C&N’s collective view, was granted by the EFL yesterday, providing only a single extra business day to conclude the deal (or at least 99% of it). Doubtlessly, between Stewart Day and Steve Dale, a complex web was woven for any future prospective owners to cut through and unravel simultaneously. A debt of gratitude is nevertheless owed by many to a few select people – the half-dozen or so at the head of Forever Bury, local MP James Frith, and even the likes of Ron Wood and former chairman Terry Robinson in the background.

One final thing to note right now is that whilst I can claim to have no insider knowledge of the wealth (or otherwise) of C&N, they have already provided to the EFL what Dale could not in terms of proof of funds. Moreover, their pursuit of a deal has been 10 weeks in the making, only coming to a head thanks to Dale relenting at the last possible moment… and crucially, well before the CVA had even been tabled, let alone approved.

Hopefully, this won’t prove to be another false dawn (and subsequently the footnote) in Bury’s proud, if often financially fraught, 134-year history. The Gigg Lane faithful don’t want the moon, just a club to continue supporting to pass on to the generations to come.

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Answering the Unanswerable

This post is an attempt to answer some of the things I’ve seen written about Bury Football Club in the past few days in as balanced a way as the current situation allows. This isn’t the place for financial facts and figures – the approved CVA is in the public domain, and experts like David Conn for The Guardian and Kieran Maguire have opined extensively about the complicated web of debt and disarray.

“Bury spent beyond their means”

There’s absolutely no question about that, and it’s never been a particularly well-kept secret. This reached its absolute nadir during the close season two years ago, with former chairman Stewart Day letting Lee Clark loose with money he never had on players the club didn’t need and could ill-afford. The common retorts to that centre around a perception that few, if any, Bury fans railed against the actions of Day. I did on this blog on more than one occasion, but this isn’t about bigging myself up for that. Other supporters expressed their concerns far earlier into the regime and were utterly castigated for it. Even if the groundswell of opinion against what was happening had more weight, without representation on the board, what practical influence did anyone truly have? A small contingent did indeed boycott going to games or spending money towards the end before it became a more widespread stance under Steve Dale, ultimately resulting in some of the most die-hard supporters asking for refunds on their season tickets.

The case is then made that Mansfield Town were ‘cheated’ out of a promotion place because of said overspending. Whilst I do have a limited amount of sympathy with that angle, it should be stated that the budget the club had and the players they used to achieve that miraculous promotion was far lower than the previous term. That’s impossible to truly verify without looking at the latest accounts (still unpublished). In truth, the EFL should’ve been scrutinising the ability to even make it through 2018/2019 under Day’s ownership. His very quick exit in December has precipitated every event since.

Most clubs in the 92 ‘spend beyond their means’, but have ways of servicing the debt and/or repaying the loans they have access to. Very few make a profit of any kind, especially without the help of transfer fees. Make no mistake, if Bury did go out of business, they’d be the first of many without legislative changes to either give the EFL more powers, redress the laughable financial imbalances in the domestic game and/or to set up an independent regulator.

 

“Bolton Wanderers are being treated differently / The EFL have an agenda against / want to make an example of Bury”

Well in one sense, Bolton definitely are being treated differently. The protracted takeover bid by Football Ventures feels like it’s taken all summer to reach its conclusion, and it’s still not certain what the outcome of it will be – the hotel (a separate business) on the same site as the UniBol Stadium complicates matters to a great degree. The only logical conclusion to take is that the EFL are far more satisfied that there are measures in place for the Trotters to fulfil their fixtures (even if the majority of the ‘squad’ at the time of writing are still in their teens) than with the Shakers.

Several statements have been issued by both the competition organisers and Dale in the past week, with the intransigent owner taking an increasingly attacking stance in his against the football body. The latest was penned by his lawyer, all of which just leaves fans in the awkward position of hoping some sort of compromise can be reached that allows matches to be take place but also hastens Dale’s exit.

For what it’s worth, I don’t think the EFL have an agenda against the club; they just don’t feel they have the concrete assurances from Dale to fulfil the commitments and money owed to creditors. Expelling Bury is an extremely bad look for the competition’s integrity, but there’s only so long the situation can be drawn out without some sort of resolution. That said, I’ve been distinctly unimpressed by interim CEO Debbie Jevans’ politician-esque answers to questions she’s faced publicly about both clubs. It’s the employees and supporters who suffer in all of this.

“Things are really bad at Manchester United / Arsenal / Newcastle United”

It seems churlish to even compare the ‘woes’ of fans of the three Premier League giants above to Bury. In many ways, it is… however, if you take the view that what takes place at one club has a knock-on effect at another and so on, then a more holistic picture emerges of the state of the game. Accrington Stanley owner Andy Holt, affected by the suspension of next Saturday’s home fixture, has nonetheless appealed to his growing number of followers on Twitter not to take too much umbrage with the discontent those clubs’ supporters have at the way they’re being run.

Whilst it’s unlikely that in the short to medium-term that any of those businesses (because that’s precisely what they are) will fail to remunerate staff on time or have a kit supplier for the campaign, it all hints at a powerlessness to affect the sort of change they wish to see, and it should reverberate down the pyramid. A decision has to be with finality whether football clubs in the English system are businesses like in any other sector with all that that entails or ‘community assets’; if it’s the latter, then huge strides are required in order to bring that to reality. Football is meant to be ‘The People’s Game’, but it feels increasingly divorced from that in many respects. Rogue owners and those who would seek to put themselves and not the club they are custodians of first must be brought to heel. The mechanisms don’t exist to do that at this point, and might only when clubs that register more on the public consciousness than Bury suffer a similar fate.

“Other clubs won’t vote to expel Bury from the EFL”

Depending on how you interpret the EFL’s statement about the CVA being approved, there are either four days until expulsion occurs or still at least 14. Should it be the latter, It should nevertheless still be noted that the first two league matches being suspended will put inexorable pressure on the body to serve the notice as quickly as possible. It’s one thing to nominally rearrange those games (which, by the way, have already had negative financial effects on both Milton Keynes Dons and Accrington), but quite another to do that for the EFL Cup tie with Sheffield Wednesday. They’re unlikely to countenance a third match across two competitions they organise not taking place as scheduled, so you can expect a decision on that early into next week.

I don’t pretend to know what’s in the minds of most boards of the other 71, so this is only pure conjecture on my part. I would posit that the calls for expulsion will reluctantly grow louder every single day, cognisant as those same people will be on the widespread consequences of such a vote, both on the overall structure of League One downwards and the club’s viability. With Dale still resisting selling Bury, I can’t envisage a scenario now where they can remain in business for longer than several weeks. I don’t want that to happen (despite some bizarre claims to the contrary), but it’s not within my gift to exert any influence on proceedings, and it feels like this has been a long time coming.

“Without Bury, my interest in football would die”

A perfectly reasonable opinion to have, doubtlessly shared by quite a few people. For me personally, my interest has been significantly waning in the elite/top tier of the sport for sometime, which feels increasingly remote from the grassroots and up. You’d hope that a phoenix club would be formed in the absolute worst case scenario, although it doesn’t always follow that fans of the original would do the same for the new entity for a multitude of reasons: different location, much lower standing, the ‘soul’ would be lost, and so on. It’s something I’d like to be involved in from afar if it does transpire.

I cannot admit to being immune from just how jarring it was yesterday to even vaguely kept abreast of the opening day fixtures, knowing Bury weren’t a part of them and almost certainly won’t be in their present form ever again. It’s difficult not to leap into other people’s conversations about how their teams got on and say “what about Bury?”, but it doesn’t do any good to.interject. Most are sympathetic to the collective plight shared by several thousand fans.

My intentions for the blog in case Bury do cease to exist are as follows: I will on occasion go ground-hopping to fixtures local to me in the Forest of Dean that take my fancy – that could be anywhere from Bristol City in the Championship to Lydney Town in the Hellenic League Premier Division. It won’t be the same, but I still intend to take an interest and to write about what I see. I’m also a self-employed freelancer, so I need to keep that up to realise my ambitions.

All we can do is hope for Dale to do the right thing – change his mind, and sell the club immediately to avoid any of this happening.