Source: TheGuardian
Bury takeover went through without full Football League approval
• EFL says Steve Dale has not provided full information • Bury understood to be under transfer embargoThe December takeover of Bury, who are in extreme financial distress under the owner Steve Dale, was completed without being approved by the EFL under its regulations, the league has said.Dale took the club over for £1 from Stewart Day, who had taken out loans secured on its Gigg Lane ground and run the club at a loss, and whose property development companies were about to collapse into administration. Related: ‘We never got that money’: the inside story of Bury’s road to financial ruin Continue reading......read full article
