Bury: '£1m or bust'

Bury reveal that they will go out of business unless they receive an investment of £1m.

By Liam Apicella, Features Editor | 10 April 2013

League One outfit Bury have revealed that they will "cease to trade" unless they receive £1m investment in the near future.

The Shakers have been in financial trouble all season, but in a statement on the club's official website, their situation has now been described as "critical".

"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," reads the statement. "The club desperately needs £1m 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.

"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."

Bury are currently bottom of the League One standings.

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9	Bradford City Bradford	45	18	12	15	57	58	-1	66
10	Walsall	45	18	11	16	68	68	0	65
11	Gillingham	45	18	9	18	44	55	-11	63
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13	Harrogate Town Harrogate	45	17	11	17	58	67	-9	62
14	Notts County	45	18	7	20	89	85	4	61
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16	Morecambe	45	17	9	19	64	78	-14	57
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18	Accrington Stanley Accrington	45	15	9	21	59	70	-11	54
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