Gigg Lane

Next Game

Bury v Cheltenham

Saturday, 09 August 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

I

am jealous but i do wonder why he's never done anything for barca and why they seemingly don't give two hoots that he's leaving. they clearly rate suarez more than him, that much is inarguable

bobsy
Sanchez Is A Game-Changer For Arsenal...

L

uis Suarez: on his way to Barcelona. Liverpool : on their way to the Conference.

wotyomamased
Liverpool agree sale of Suarez

D

aryl Janmaat, a cheaper alternative to Micah Richards? World Cup semifinalist versus Man City's backup, England's... what, fifth choice right back? That really hammers home the English premium.

harry hotspur
The Blank Gossip

Footer 365

World Cup: Alexander Buttner disappointed with Netherlands coach Louis van Gaal

Alexander Buttner feels he has been 'unfairly ignored' by Louis van Gaal and is aiming to break into the Holland squad

Rob Witschge feels Luis Suarez is bound to succeed in Barcelona

Luis Suarez is bound to succeed at Barcelona according to one of the men who had a part in developing his talents.

Transfer news: Newcastle agree fee with Montpellier for Remy Cabella

Newcastle have agreed a fee with French club Montpellier to sign midfielder Remy Cabella, according to Sky sources.

Mail Box

Alexis Sanchez: Really Not THAT Good

The backlash has begun: Why are Barca letting him go if he's any good? We have mails on Alexis Sanchez, Luis Suarez, the World Cup and the wonder of F365...

Stop Your Sobbing And Man Up...

Oh and honey, put the kettle on. We have more World Cup mails but it's mostly an orgasmic explosion at the signing of Alexis Sanchez. Could this be Arsenal's year?

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