‘We never got that money’: the inside story of Bury’s road to financial ruin

18 June 2019 04:25
As the club face a winding-up petition, we show how loans, a car park and a collapsed business helped drive them to the brinkBury’s historic 6-0 win in the 1903 FA Cup final was remembered last month when Manchester City eviscerated Watford by the same score, a jolting reminder of the gulf between these neighbouring clubs now, and what they represent about English football and modern Britain. While City have become a vehicle for Abu Dhabi oil wealth to harness the Premier League’s global power, Bury are in financial ruins, at the centre of a collapsed business which built student flats with fringe and fragile borrowings.Bury face a winding-up petition again on Wednesday, with the owner, Steve Dale, not having paid the players since February and been late paying the club’s other staff, complaining about the dire finances he took over but bullishly vowing to avoid administration. Related: Bury financial crisis deepens amid pressure over £4.2m loan Continue reading. . read full article

Source: TheGuardian