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Poor Bury FC

On the other hand, not all football clubs get the satisfaction of having a wealthy person buy their club and invest millions into it. A lower league Manchester side Bury FC had a financial crisis and it affected the whole club at all costs. This all started in December 2018 when businessman Steve Dale bought the club from Stewart Day for just £1. Then in February 2019, Steve had to pay an outstanding tax bill to avoid a HM Revenue and Customs winding up order. However this did not end there as the financial problems resurfaced on April 2nd after the staff and players did not receive their salaries for March and it all started to go downhill for Bury FC from here.
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On 25 April, Dale said the club's financial problems were "far in excess" of what he understood when he took over, and placed the club on the open market. Around £1.6m was needed to pay wages, HMRC and pensions by the end of May, with only £180,000 income expected during that period. On 19 June, a High Court hearing on the winding-up petition was adjourned until 31 July, to allow additional time for a potential sale.
Ahead of the 2019/20 season, Bury FC were awarded a 12 point deduction from the EFL, this also resulted in head coach Ryan Lowe resigning and several players and staff followed. Bury FC were then kicked out of the English Football League.
On the 27th November 2020, Dale placed the club into administration as they were unable to pay off any outstanding debts. this shows that football finances is not always the way it seems and a lot of clubs go thrtough these issues.