Bury financial crisis deepens amid pressure over £4.2m loan

29 May 2019 10:19
• Loan is from former owner Stewart Day’s property company• Club face winding-up petition and owner says debt is £8mBury football club, already in the grip of a financial crisis, are facing further pressure for the repayment of £4.2m in loans from their former owner’s property company, which has collapsed into administration owing a similar sum to creditors.The loan was recorded in Bury’s last published accounts, for the year to 31 May 2017, from Mederco Ltd, a company which built student accommodation in Bradford and is owned by Stewart Day. Related: Bury players urge owner to leave, saying they have gone 12 weeks without pay Continue readingreadfullarticle

Source: TheGuardian