Bury "Will Go Bust In Days"

Bury chairman Brian Fenton has announced the club will go bust unless it secures £1million in new investment.

The Shakers have relied on PFA loans in recent months to cover the wage bill and, with the season close fast approaching, have finally admitted they are on the verge of bankruptcy - with the local press suggesting matters could reach a head within days. A club statement reads:

“At this moment in time the situation is now critical - we are quickly running out of money by trying short-term fixes that are not working long term. The club desperately needs £1 million 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 club are on the verge of relegation from League One, a fate that could be sealed this weekend, having seen gates slump this season.

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