For once I find myself in general agreement with Jonnyt. Professional Football Clubs are independent Limited Companies (well I think all were except Florest until relatively recentl in my lifetime). They are businesses and some basic rules of business are:
1) Stay in business
2) Don't make any decision that if it goes wrong will take you out of business.
It isn't the job of Tesco to keep the corner shop in business and it isn't the job of Man U to keep Bury/Bolton in business.
I seem to recall we were on the fringe of going out of business in the mid-60's. Didn't a consortium of some sort keep us afloat until Dunnett turned up? Now I ask what happened to the proceeds of the record gates from the Lawton era, the monies from the sale of Hateley, Astle, big sums in the day. The high gates of the late 50's early 60's. This had nothing to do with the Premiership.
Steps have been taken to try and address some of the circumventing of walking away from debt, and there's a lot of clubs in recent years who've been near, or got, there:
https://en.wikipedia.org/wiki/Admini...tration_or_CVA
A limited company is owned by its shareholders and over-interference may well be deemed not legal.
Should the richer clubs support the less well off clubs? On what basis? Where does the buck stop? They can't provide formal support as no owner can have an interest in more than one league club. Money in buckets doesn't cut it long term and a lucrative friendly is only covering the cracks.
The onus comes down to, as with any business, those that are running it. Unless the EFL (ie the clubs in the EFL) change the rules of entry then all clubs are at the mercy of over-ambitious, incompetent, vanity seeking owners who think success in one field of business gives them a god-written right to do better than all the other clubs that are aiming for success. However it also seems that the majority of them are prepared to live within their means.
Any owner who risks the two business rules cited above because of supporter pressure should not be running a club and if the fans are voting with their feet they need to reappraise their approach.
I'm really gutted for Bury, and Bolton in particular have played a significant part in our history. I recall the optimism of the newly promoted Notts in 60/61 being given a lesson in direct attacking football by Bury (0-3 at home, 0-7 away and we had the larger attendance).
Hopefully they will both return (I assume Bolton are doomed) and one day resume their historical place alongside us in the real league.