Gigg Lane

Next Game

Bury v Mansfield

Sunday, 28 December 2014, 15:00

Sky Bet League 2

Sixfields Stadium

Last Game

Northamptn 2 - 3 Bury

Friday, 26 December 2014, 15:00

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

P

arish is the man to blame for this shambles. Pulis must be chuckling into his left over turkey sandwich. I pray this doesn't mean the Neil Warnock media machine will kick in now and he'll be back on the telly box.

magicfuller
Warnock sacked by Palace

W

e almost found a new way to lose, just when I thought it was getting boring Giroud does that. Although Arsenal are deservedly called 'soft' the entire midfield is out injured. Still must admit MU are managing to win despite a similar raft of absentees. Think the Gunners have good players but poorly coached.

gettalong
Wenger: Giroud deserved red

I

really enjoyed this. Thanks F365 for another year of work avoidance - happy Christmas.

megabrow (cufc)
Our Person Of The Year: Alan Pardew

Footer 365

Paul Lambert: Aston Villa's new style here to stay despite lack of goals

Paul Lambert is sure the goals will come for Aston Villa if they persist with their current style of football.

Bobby Zamora tells QPR to give Charlie Austin a new contract

Bobby Zamora has told QPR to sort out Charlie Austin's future before his goals attract bids from elsewhere.

Jose Mourinho: It's only a matter of time before John Terry gets new contract

John Terry will definitely stay at Chelsea beyond the end of his current deal, Jose Mourinho says.

Mail Box

Van Gaal's Half-Term Report Card...

One Man United fan isn't happy with the rate the team is progressing under Louis van Gaal, while the mailbox also wishes Liverpool fans a Merry Mid-Table Christmas...

Hang On, Rafa's Success Is No Fluke...

The afternoon mailbox kicks the morning mailbox's arse after claims that Rafa Benitez has fluked his success. Plus, big talk about Liverpool's progress and lots more...

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