Bury FC need £1million or will cease to exist, a club statement announced this afternoon.
The Shakers have battled financial problems all season – currently under a second transfer embargo – and look poised for relegation to League Two.
The Gigg Lane outfit have found themselves in and around the drop-zone since August but the club could now be facing the end altogether.
“At this moment in time the situation is now critical,” the statement on Bury’s website read.
“We are quickly running out of money by trying short term fixes that are not working long term.
“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.”
The Shakers sit bottom of League One – winning only seven games all season – and manager Kevin Blackwell has previously revealed some players have been earning below minimum wage.
Bury have four remaining fixtures, but a loss to Oldham on Saturday would see them automatically relegated.
Anyone wishing to donate to the club is urged to Bury FC as soon as possible.
“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,” it added.
“If you are interested please call the club and we will explain in detail our business plan.
“We need you now because I repeat the club will close.
“We have a responsibility to all of our staff, players and creditors to not allow the situation to get any worse. This plea is serious.”
Image courtesy of BBC, via YouTube, with thanks.
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