Bury “need £1m” to survive
Struggling League One side Bury have today issued a statement pleading for help from local investors or else the club will go under.
April 10th, 2013
The Shakers face relegation to the fourth tier this weekend with a six-pointer at home against Oldham Athletic. If Oldham wins, Bury will be ten points adrift of safety with only nine left to play for – a situation even less dire than the threat of extinction the club currently faces.
A statement drafted at boardroom level this lunchtime reads: “The club desperately needs £1million of external investment to secure the long-term future of the club.
“Without this investment the club will cease to trade and there will be no more professional football played at Gigg Lane.
“We are looking for a number of people, local businessmen or women to join a consortium and invest £100,000 each, with a guaranteed payback.”
The situation worsened in February when the club was placed under a second transfer embargo this season after taking another short-term loan from the PFA to ease financial worries. Manager Kevin Blackwell has since expressed his gratitude to the “three or four” players who are currently appearing in the side for free.
The statement ended with an impassioned plea: “We need you now because I repeat the club will close.”