Bury were expelled from the EFL earlier this week, following their takeover fallen through. The club had unpaid debts, and through poor ownership, were not able to pay them.
Unfortunately, this won’t be the last. I expect a spate of clubs to struggle in the coming years, why?
Getting new owners, is purely pot luck. Previous Wigan owner Dave Whelan sold the club to IEC. I wasn’t worried because I knew he wouldn’t see us sold down the river to the first potential buyer. He always wanted to sell to an ambitious consortium, that would have the money to see our progress, and hopefully reach the Premier League again.
The EFL simply need to change their criteria and background checks when allowing new owners to buy football clubs. Steve Dale should never have been allowed to buy Bury. He had no previous experience of running a football club, has never visited the town, refused to pay staff and wouldn’t accept an offer that would’ve kept the club going. Disgraceful.
The transfer market is just ridiculously inflated, which is forcing clubs to spend more they can afford, to stay in their respective division. They are gambling with millions of pounds, if the gamble goes wrong they suddenly find themselves in debt, struggling to run the club and pay staff, then it just spirals from there.
The gap in revenue between Premier League clubs and EFL clubs is astronomical. Man United was paying Alexis Sanchez up to £500,000 a week, while Bury needed £2.7 million to survive. That’s not right. I’m not saying United should’ve bailed them out, as I’m sure that’s not legal or would happen in other industries, but surely the EFL could fund these smaller clubs or put a cap on wages to minimise the ever-growing money gap.