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Bury in financial trouble

Bury lost £51,000 a week in 2016/17 before interest expenses. They had less than £2,000 in their bank account at the year end and over £7 million of creditors.

Their auditors say there is a material uncertainty over the club’s ability to carry on trading. They need continuing support from owner Stewart Day. He invested over £1m of cash in 2016/17 following £3m the previous year.

The Shakers spent £170,000 on transfer fees in 2016/17. £150,000 of this was for manager Lee Clark when he was poached from Kilmarnock. Clark was sacked after eight months.

The club owed Stewart Day’s company Mederco £4.3 million at end of 2016/17.

The example of Walsall shows that it is possible to run a club in a sound way in the lower reaches of the EFL.

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