Sorry I don’t know how to do a link, but there’s an interesting article on the BBC sports web page about how to avoid another Bury style liquidation. I was staggered to read the total debt figure, which must include average loss figures (so i’ve read elsewhere) of £11 million per Championship club. The best proposal in my opinion is that all clubs should submit management accounts and a pre-season financial forecast to the EFL as currently happen so in the Bundesleague. Just one capable accountant would quickly establish each club’s viability and pick up early warning signs.
OK, it wouldn’t prevent a bloke like Bury’s owner Day buying a club for a quid with inadequate resources, but it seems to me it would start a process of the EFL imposing financial regulatory controls to prevent others going through the suffering Bury fans are enduring. What do you think?