Dubliner Stephen Dawson has outlined the grim reality for Bury players and staff as they come to terms with the club closing its doors after 134 years.
The Shakers' owner Steve Dale had been given until 5pm on Tuesday to come up with a plan for paying the club's debts and funding them going forward or sell them to someone who can.
It had been hoped that C&N Sporting Risk would be the answer but the London-based firm pulled out of the deal 90 minutes before the deadline, citing concerns over the club's confusing debt structure.
Dale claimed he had received three new bids for the club, but nothing materialised and Bury's membership of the league was withdrawn.
It's a devastating blow to the area, the fanbase and to those employed by the Manchester club, with all the playing staff now looking for new employers. Wages have barely been paid over the last five months, and the enormous stress has taken its toll.
Dawson, 33, has been with Bury for the last two years. Speaking to RTÉ 2fm's Game On, he outlined the personal difficulties he's been confronted with in the midst of the crisis.
"We're not millionaires," he said. "I've had to deal with the five months we haven't been paid for and then I had another year left (on my contract). To lose 15, 16 months of your deal, it's been devastating.
"There's devastation all round here in Manchester for the fans. I believe Bolton are safe now so at least one good club can remain.
"I didn't want to make it well documented. There was a bit of a stand-off with me and the chairman. I'm not one for the radio or social media, but I felt like after the months of what's gone on it was time to speak up.
"The owner was basically accusing me of lying, saying 'as if you're going to lose your house'. I don't think he realised. You've a short career over here.
"I've always overpaid on my house. I'm not one of them with fancy cars or fancy watches. I live within my means. I was on a good deal so I decided, 'right I'll try and pay as much off my house for later on in life for my kids so I can give them a start in life'.
"At the minute I can't afford to pay my bills. I've been on to my mortgage company and it's something I'm going to have to look at. It's not feasible at the minute. It's taken its toll financially and stress-wise. It's going to be a long couple of weeks. Hopefully I can get it sorted."
Dawson, who won two caps for the Republic of Ireland U21s, has played for Leicester City, Bury twice, Barnsley and Rochdale in a long career across the water.
He, like everyone associated with Bury, feared the worst for weeks but they maintained hope until the bitter end.
"This has been going on for months now. It's been well documented. C&N pulled out - I think it was half three, quarter to 4 when it broke all over Sky Sports.
"Then we heard there were three bids on the table and you start to believe, 'aw hopefully they might just accept one of them'. But with an hour and a half to go to the final deadline, and we hadn't got any good news, it was sort of the end. It still shocked lads. I'm still numb.
"You don't really believe it. I said my goodbyes to everyone at the training ground today, the academy players, young kids who've been told they've no deal and they're only starting out on their careers. It's been a tough day.
"We got a text off the PFA rep today who we've been in dialogue the last couple of months. They just said, 'yeah you're free now to go'. That was it.
"The EFL aren't going to stand on anyone's way. If you're lucky enough to get sorted and get a club, that will be the case. I've got to go looking for a club."