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Bury Chairman Admits The Club Are In Financial Trouble

Steve Dale issued a statement late last night to confirm they club are having some financial difficulties.

Over the past week it's emerged that staff and players at the club have yet to be paid their wages for March.

Late last night Mr Dale issued a statement confirming that there are some financial problems at the club that have been inherited from the previous ownership.

"Due to a number of unforeseen issues, the financial position of the club is significantly worse than what was discovered during our due diligence process prior to the acquisition" Mr Dale said.

"The full extent of the problems inherited from the previous ownership of the club have become apparent over time, and this has undoubtedly led to our current difficulties. It is certainly a testing time, but we can overcome it. We will overcome it."

It's understood that despite not being paid the players have said they will play on until the end of the season as they battle for promotion back into League 1.

The full statement from Mr Dale is below:

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I’ve become aware of some recent speculation about our club and, although I usually prefer not to address or give credence to rumours, I feel it’s reached a point where it’s time to address the main causes of speculation and to offer first-hand information around some recent events.

Firstly, I would like to highlight how our dedicated players, staff, and directors have all rallied round to support our club to ensure its future. Fans, followers and the community, can rest assured that Bury Football Club is here to stay.

Unfortunately, though, I can confirm that there is some element of truth in the circulating information relating to the club’s financial affairs. Due to a number of unforeseen issues, the financial position of the club is significantly worse than what was discovered during our due diligence process prior to the acquisition. The full extent of the problems inherited from the previous ownership of the club have become apparent over time, and this has undoubtedly led to our current difficulties. It is certainly a testing time, but we can overcome it. We will overcome it.

To address some of the gossip pertaining to my own position, I can assure you that this remains the same as it has been from day one. On the pitch, I have always been clear that I can add nothing; from that perspective, the club is in the highly capable hands of our Sporting Director, our Manager, and the players. We’re currently sat third in the league, and so I consider them to be doing their jobs extremely effectively. If in any given week the team loses a bit of form, showing them support and enthusiasm will help them rise to the occasion, as they have so many times before. The distain that has been shown in light of recent results, however, is not only disappointing in the extreme, it’s disheartening to a team who have performed exceptionally all season. Fair weather fans are not true fans.

On the financial side, I made a commitment to get the club on an even keel, at which point my job would be done and a new, younger custodian could take over. That is still my aim, and what I’m working towards, although this process is slower than I would have liked due to the new issues that have arisen. Whilst many in my position would have walked away having unearthed the true position of the club (as some of my advisors have urged me to do), that’s simply not my style. But nor am I a never ending ATM machine. Fiscal prudence and fans through the turnstiles are what will ultimately safeguard the future of our club. The former of which we’re working on, and the latter of which we need your help with. The continuity of any club is only viable by the support and attendances of its followers. Supporters are the blood we need through our veins, so bring as many family and friends as you can, get behind the team and have a great day. This will serve as a valuable contribution to securing the future of our club in the immediate term, as well as for future generations.

Another point I would like to address is my non-appearance at the game on Tuesday night. Unfortunately, my illness has rendered it impossible for me to be as able as I once was. On Tuesday, I left my house at 5am and didn’t return until 8.30pm, having had back-to-back meetings and a 9-hour round trip in the car. All of which was to safeguard the future of our club. Upon my return, I was understandably drained and so I was unable to attend. When I’m able to, I attend all of our matches, including our ladies and youth team. This isn’t a chore to me, I enjoy every match I watch and am an avid supporter of every team at Bury FC. It, therefore, saddens me to have to address speculation about my commitment to the club, which has been unwavering from the start.

The final point I want to address is the extreme unpleasantness experienced after the match on Tuesday evening. Whilst people are allowed and, indeed, fully expected to have their opinions, the actions of a select few individuals after the game was shocking, unnecessary and completely inexplicable. The threats and abuse (much of which appears to have been based on false information) endured by directors and staff, who have been going many extra miles behind closed doors, was a disgrace. To be clear, any further behaviour of that nature will result in anyone involved being banned from the club indefinitely.

I would like to take the opportunity to give my sincerest thanks to our true fans, those who stick by our club no matter what, as you are the future of Bury FC. We will turn the current circumstances around, and your support whilst we do so is invaluable. Thank you.

Finally, I would like to wish all the other clubs in similar, or far worse situations to ourselves, all the best of luck.

Best regards,

Steve

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