Indebted Bury face winding-up petition and search for Gigg Lane exit | David Conn

27 October 2016 09:00
League One club have benefited from chairman Stewart Day’s investment but the financial picture is questionable and they aim to leave their long-time homeIn a hostile, combustible derby at Gigg Lane on Monday, Bury bumped up against a bigger and stronger Bolton Wanderers side whose 2-0 win lifted them to second in League One after last season’s traumas of relegation and administration. Bury’s old ground, home throughout its history since 1885, hosted an 8,007 crowd, including 3,141 from Bolton, in seats that still bear the fading names of people who chipped in money to save the club from near-insolvency in 2001.Now Bury are owned by a Blackburn-based property developer, Stewart Day, in whose tenure millions have been invested in manager David Flitcroft’s team, losses are being made, a series of loans taken out mortgaged on Gigg Lane, and winding up petitions issued. The latest, last week, is the third this year brandished by Revenue & Customs, chasing unpaid tax on what must now be a substantial wage bill. Related: Long, sorry decline of Coventry City leaves fans in a state of despair Continue reading. . read full article

Source: TheGuardian