The Shakers posted a dramatic statement on their official website earlier this week to publicly seek £1million of public funds to prevent the club from folding, with subsequent "positive discussions" reported on that front.
Relegation to npower League Two would be confirmed by defeat to neighbours Oldham on Saturday, while a second transfer embargo of the season remains in place at Gigg Lane.
As such, Blackwell has been forced to bring in players on incredibly modest terms to fight what looks set to be a futile battle against the drop.
"One of the things I've been really inspired by this year is players have come here and played for nothing to get their careers back on track," he said.
"Everybody thinks that players earn a fortune, mega-fortunes and whatever. That is not the case now in the lower leagues and the worry is, we're talking about Bury, but it could be a few other clubs (in financial trouble).
"A lot of lads have shown that their desire to play the game is greater than the money aspect of it."
- Sports & Recreation