Prenton Park

Last Game

Tranmere 0 - 1 Bury

Saturday, 02 May 2015, 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

N

ow is the time for Allardyce to finally get a chance at a big club please. He is likely to have a number of great offers for his services this summer, but who will he choose? Will it be Liverpool, Real Madrid, Dortmund or Man City?

medina_sod
Allardyce leaves West Ham

I

thought exactly this when the Match of the Day pundits were peddling this line. Is it really not okay for fans of a club to have some ambition these days then?

damoceltic
Bored Of Big Sam? It's Your Right...

H

ow magnanimous off him - to leave if he's asked to by the owners? What's the alternative, bunker down in his office claiming squatter's rights if FSG want rid?

feed the bear
Rodgers: I'll go if owners want

Footer 365

FA chairman Greg Dyke calls for possible Russia 2018 boycott

FA chairman Greg Dyke wants UEFA nations to consider pulling out of the World Cup finals in Russia in three years' time.

Sepp Blatter vs Prince Ali: FIFA election explained

Sepp Blatter goes up against Prince Ali Bin Al Hussein in today's FIFA presidential election. We explain how the vote works...

FIFA president Sepp Blatter praised by Sheikh Ahmad

FIFA president Sepp Blatter has been praised for doing "a great job" by one of the governing body's new top executives.

Mail Box

What Is It That FIFA Actually Do?

That's the question raised timidly by someone sat at the back of the room, whilst others remind that UEFA aren't perfect either. Plus a few more gone on to better XIs...

Time To Step Up, Mr Platini...

UEFA should step up and extend the Euros to replace FIFA's tarnished World Cup, say a couple of mailboxers. Also: all hail Carlo, King of the Kop, and plenty more Budget XIs...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company