Bury FC SAVED from administration after group of fans buy crisis-club and will take over from December
BURY FC has been rescued after a group of supporters finally struck a deal to buy the club and Gigg Lane from administrators.
Heads of terms have been signed and the new owners – a fan group called Est 1885 – are set to officially get the keys to the stadium as early as December.
The 136-year-old club has been dormant since the EFL controversially expelled them after previous owner Steve Dale failed to provide proof of funds for the 2019-2020 season.
Dale attempted to get the club admitted into the National League for the 2020-21 season.
But FA big-wigs blocked his attempts as they were not happy with the financial position of the Shakers.
And after failing to keep up to date with a CVA arrangement on a debt totalling several million pounds, the club was placed in administration last November.
The fan group has bought the intellectual property of Bury FC, trading name, history and assets.
A spokesman from the group, Jamie Murray, told SunSport: “This is a fantastic day for everyone who supports our beloved club.
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“What has happened to us has been well documented and we’ve always wanted to get Bury FC playing again at Gigg Lane.
“This is now hopefully the start of that process.
"There is a lot of work to do and we’re now going to be working on getting the club into a position to start the 2022-23 season after three years of not playing football.”
One fans group formed their own club called Bury AFC last season and they play in the North West Counties League Division One North – the TENTH tier of English football.
However, Bury FC, are expected to be placed in a higher division – probably the National League North or Northern Premier League because they are the original club.
Club administrator Steven Wiseglass, of Inquesta Corporate Recovery and Insolvency, confirmed a deal had been struck to purchase the club and its historic 12,000-seater stadium.
He said: “We’ve accepted an offer to purchase the Gigg Lane stadium and heads of terms with the interested party.
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“We remain hopeful the deal with completed in a timely fashion and will be a major step towards securing the future of football at Gigg Lane.
“My hope has always been that Bury FC will be rescued and seek re-admission to the football pyramid system and this now seems a step closer becoming a reality.
“Until the sale has been completed, we are unable to make any further comment.”
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