Green Just shooting off the hip here but something I've been mulling over.
Obviously it's devastating if your club goes under - but all this talk of "this shouldn't be allowed to happen to clubs with over 100 years of history" rather exacerbates the problem. It's the "banks are too big to fail" situation - they are targets for pilfering, money laundering, asset stripping and probably a whole lot else besides. At the heart of this is the exploitation of fans, some of whom pay money week in week out regardless of what's happening on or off the pitch.
Again, easier to say when it's not your club, but I do think this needs rebalancing. Let the clubs go bust. Let communities build from scratch again with a better ownership model. It's been done plenty of times before - and ask many AFC Wimbledon, Bournemouth, Salford united etc etc fans and they'll probably tell you that with the benefit of hindsight it was a good thing for the club.
There is something quite fun about building up from the lower leagues too. Winning lots of games, travelling to lots of new grounds and like you mentioned supporters actually feeling like they are a part of a project at their football club. Bury will come back next season in some form and the majority of their supporters will stick with them and I imagine due to the name value and publicity they will be well backed by sponsors. Obviously they are losing a whole season this season which is horrendous but long term it might be a blessing in disguise. Bury FC were a yoyo club who were never really going to do anything of note in footballing terms. The phoenix club has a chance to win leagues, build from scratch and dominate at a lower league level if the investment is there. I'd be quite excited about that.