Who’s really to blame for the clubs in financial crisis?

It's a tough one to answer as I think the problem runs far deeper.  Whilst the Premier League continues to strengthen and inflate prices, clubs further down the football pyramid overspend by simply trying to compete.

A couple of points:

- If EFL step up blocking owners, could they one day block a genuine owner and as a consequence that club follows the same path as Bury. Yes, the EFL needs to improve but it's not an easy task.

- Greedy owners is only one part of it. The other side of the coin is overspending. This was the root cause of Bury's problems. The previous owner before Dale racked up huge debts. Is this greed or just stupidity?

It’s not tough it’s the EFL. They didn’t even apply their own rules when Dale bought the club and because of that the club is gone.
I voted EFL. But to be fair lt is really a combination of both. I have a massive sympathy for the true fans of Bury. Next it could be Bolton. Hopefully a decent buyer will emerge, but we will still put at least 5 past them with no reply. UTMP.
TheSteed wrote:It’s not tough it’s the EFL. They didn’t even apply their own rules when Dale bought the club and because of that the club is gone.

Even though Dale and the EFL are to blame, the previous owner Day was the one who caused the mess by over spending. I remember they were signing decent players left right and centre but Lee Clark did a shit job unsurprisingly. 

They went for it but ultimately should have kept within the Accrington model or other similar sized clubs. 

I don't know the full story so only saying how I see it as an outsider  

seasider wrote:

Even though Dale and the EFL are to blame, the previous owner Day was the one who caused the mess by over spending. I remember they were signing decent players left right and centre but Lee Clark did a shit job unsurprisingly. 

They went for it but ultimately should have kept within the Accrington model or other similar sized clubs. 

I don't know the full story so only saying how I see it as an outsider  

But if they had applied the test, then the club would have been bought by someone with the ability to manage the debt.
The EFL allow greedy owners to thrive
seasider wrote:

Even though Dale and the EFL are to blame, the previous owner Day was the one who caused the mess by over spending. I remember they were signing decent players left right and centre but Lee Clark did a shit job unsurprisingly. 

They went for it but ultimately should have kept within the Accrington model or other similar sized clubs. 

I don't know the full story so only saying how I see it as an outsider  

Also, it’s the EFLs rules that allowed Stewart Day to build up the massive debts. They don’t allow loans, but they do allow the sale of shares to other entities owned by the person who owns the club.

If an owner wants to plough millions in to a club it should be personal funds, not money they can write off.

This is why Fleetwood fans should be worried. If his business outlook takes a turn for the worse, what do you think he’s going to cut loose first? The business that made him a millionaire or the club that drains millions out of it year on year?