Gigg Lane

Next Game

Bury v Plymouth

Saturday, 23 August 2014, 15:00

Sky Bet League 2

Kenilworth Road

Last Game

Luton Town 1 - 1 Bury

Tuesday, 19 August 2014, 19:45

Sky Bet League 2

Takeover complete at Bury

Bury's chairman Brian Fenton and the club's board of directors have resigned after confirmation was received that their long-awaited takeover had been completed.

Last Updated: 24/05/13 at 22:09 Post Comment

Gigg Lane: Delight for fans as much-needed takeover completed

Gigg Lane: Delight for fans as much-needed takeover completed

The club was relegated to League Two at the end of the season but the news at least ensures that they will be able to build again after worries over their long-term future.

Bury announced in April that they needed £1m to survive and they were twice placed under a transfer embargo after taking short-term loans from the Professional Footballers' Association to solve cashflow problems.

A statement on the club's website read: "Paperwork for the takeover of Bury Football Club has been formally completed.

"The current board of directors at Bury Football Club have all resigned from their current positions in order for new board members to be appointed during the next few days.

"It is hoped that the paperwork can be concluded by 5pm on Wednesday 29 May. This will allow wages, HMRC and loans obtained from the PFA to be fully repaid, and allow the club to move forward.

"The new board of directors will be bringing in key individuals to assist in bringing new ideas and business models to ensure the financial security of Bury Football Club moving forward.

"The new board of directors have met with Kevin Blackwell and support him 100% in his vision of returning Bury FC to the position it deserves.

"The new board would like to thank Jim Lomas and Neville Neville for their support and hard work in assisting with the due diligence process. Without their input this would not have been possible."

Related News

Most Commented

Readers' Comments

Y

es, these stats are right. Rio Ferdinand definitely had a better debut than Fernando.

that man
Top Ten Debutants From Opening Weekend...

I

know it's only one game, and Arsenal have got an amazing midfield as is; but seriously, is Arsene Wenger the only person on Earth who doesn't want Cesc at their club?

Ezy_Rider
Top Ten Debutants From Opening Weekend...

P

S - 'Squeezes [English] out of his mouth like it's an elastic band he's found in his lamb bhuna' - bravo. Marvellous stuff

Ezy_Rider
Football Managers On TV: Paul Lambert

Footer 365

Roy Hodgson says England youngsters should try their luck overseas in future

Roy Hodgson feels future generations of England stars would benefit from going overseas rather than being bit-part players at home.

Transfer news: Jordan Rhodes subject of transfer bid from Hull City

Blackburn boss Gary Bowyer has revealed Hull City have made a bid for the club's prolific striker Jordan Rhodes.

Crystal Palace interested in Chelsea's international head coach Dermot Drummy

Crystal Palace have contacted Chelsea's international head coach Dermot Drummy as they continue to search for a new manager, Sky sources understand.

Mail Box

Man United Fans Clutching At Straws

While the focus is on Liverpool's move for Mario Balotelli, one Man United fan tries to convince the mailbox with nine reasons why Angel Di Maria would prefer them to PSG...

Rojo Is A Better Signing Than Hummels

There's some big talk in the morning mailbox, which claims that Man United were right to sign Marcos Rojo instead of Mats Hummels. Plus, one Gooner's happy Arteta's out...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property