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Bury's "bottom four" budget


valeparklife

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Another example and indictment of what's wrong in football. How much evidence do these so called 'businessmen' need to prove that trying to buy your way to success (unless you have the funds of an Abramovic or an airline) is only a first step along the way to financial ruin? Looking at Bury's average attendances, I doubt that there will be such profligate spending again next season!

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I did an article on Bury here:

 

http://www.onevalefan.co.uk/site/2015/06/despite-losing-tom-pope-id-rather-be-in-vales-shoes-than-burys/

 

Regardless of where Bury's budget stands in the "league table" the deeply worrying aspect of it all is surely that:

 

"A Guardian report claims that Bury owner Stewart Day is borrowing £1m, secured on the Gigg Lane ground, at an annual interest rate of 138%. It means that after just one year, the amount owed would be £2.38m. It’s a worrying gamble particularly as Bury could lose their ground if it fails..."

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Another example and indictment of what's wrong in football. How much evidence do these so called 'businessmen' need to prove that trying to buy your way to success (unless you have the funds of an Abramovic or an airline) is only a first step along the way to financial ruin? Looking at Bury's average attendances, I doubt that there will be such profligate spending again next season!

 

Well, they're stuck with whatever Pope is being paid for the next 2 1/2 years.

 

Worryingly, some Vale fans would also like to see us spending even more out of our means than at present. Need their heads looking at.

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I did an article on Bury here:

 

http://www.onevalefan.co.uk/site/2015/06/despite-losing-tom-pope-id-rather-be-in-vales-shoes-than-burys/

 

Regardless of where Bury's budget stands in the "league table" the deeply worrying aspect of it all is surely that:

 

"A Guardian report claims that Bury owner Stewart Day is borrowing £1m, secured on the Gigg Lane ground, at an annual interest rate of 138%. It means that after just one year, the amount owed would be £2.38m. It’s a worrying gamble particularly as Bury could lose their ground if it fails..."

 

Heard the same thing. They basically have to go up this year.

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