Bury use club's website to plea for £1m
League One strugglers warn they could cease to exist without investment
Wednesday 10 April 2013
League One strugglers Bury have made a desperate public plea to potential investors and insist that unless they can quickly source £1 million, then the club will cease to exist.
In a statement published on the club's website, they have appealed to local businessmen and women to join a consortium and invest £100,000 each in order to safeguard the future of the club.
"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," the club said.
Rock-bottom Bury, who could be relegated to League Two if they lose at home to Oldham on Saturday, are currently the subject of a Football League transfer embargo after they took out a short-term loan from the Professional Footballers' Association in February. This is the second time the Shakers have found themselves under such an embargo this season after they were penalised for the same reason in December 2012.
The statement continued: "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; if you can help us and at the same time enjoy a return on your investment please contact the club."
Latest in Sport
Chelsea vs West Brom: Jose Mourinho says Diego Costa is ready for ‘marathon’ Christmas
Arsenal vs Manchester United: Arsene Wenger insists clash at the Emirates Stadium remains battle of the giants
Cesc Fabregas, Jack Wilshere, Yaya Toure or Steven Gerrard? No, it's Mile Jedinak who is the best midfielder in the Premier League
Arsenal vs Manchester United match report: Wayne Rooney and a Keiran Gibbs own goal make Gunners rue missed chances
Manchester United transfer news: Robin van Persie could leave this summer with Edinson Cavani and Thomas Muller on United wish-list
- 1 'Not suppost to cry': 9-year-old lists the worst things about being a boy
- 3 Woman opens professional cuddling shop – gets 10,000 customers in first week
- 4 Lana Del Rey rape video: Marilyn Manson denies involvement in shocking leaked footage
- 5 Kenya bus attack: Al-Shabaab militants kill 28 non-Muslims who failed to recite Koran
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
France 'blocks' Russian sailors from boarding a warship
Revealed: How the world gets rich – from privatising British public services
Myleene Klass: Ed Miliband 'strikes back' by comparing UK's need for Labour's mansion tax to Hear'Say track