The situation is simple for League One Bury, football league resident for 134 years. Clear the debts under current owner Steve Dale or sell up and let a replacement deal with the financial crisis.
If neither occurs before the 23rd august, then the Football League will be down to 71 members. The proud town of Bury will have lost their local football club.
As the days go by it looks more likely that the Shakers will eventually hit the wall. After a takeover between Dale and his predecessor Stewart Day was not put through a fit and proper test by the EFL, only now will the real consequences for the club set in following on from mega high outgoings over several years under Day.
When Bury was promoted at Tranmere’s Prenton Park at the end of last season, the summer of supposed excitement simply never happened. A mass exodus of the squad fans saw as heroes, plus manager Ryan Lowe, the financial chaos has only gotten worse.
The situation is now so bad they haven’t even played a league game this season and their Carabao Cup first-round match this Wednesday against Sheffield Wednesday has been suspended. Matchday three this Saturday with Gillingham at home will most likely fall by the waist side too.
The EFL has given Bury till the 23rd of August to meet outstanding financial requirements or their membership of the EFL will be suspended. Dale doesn’t even want to sell up saying there is still work to be done at Gigg Lane, despite one member of staff stating the fact he hasn’t been seen for months at the ground or anywhere near the club.
Wherever he is in the coming days, Dale is the only player in this debacle. While supporter group Forever Bury admit there are potential investors ready to takeover, this is all meaningless unless Dale comes to his senses and walk out the exit door.
Should he fail to realise just how damaging his current actions are, League One can get ready to be known as one with odd numbers.