Source: TheGuardian
Consortium in talks to salvage Bury while fans wait in wings with plan B
• Buyers of expelled club would have to take on £3.75m debts• Forever Bury reveal fallback plan should talks failA consortium is negotiating with the Bury owner, Steve Dale, to buy the remains of the club expelled from the EFL in August, as the difficult process of trying to revive professional football in the town continues.Any deal by the consortium, whose members are understood to be Bury supporters, in effect involves taking over the club’s debts, which include approximately £1m owed to former players and other football creditors, and £2.75m owed to unsecured creditors under a company voluntary arrangement. Related: Bury expelled from EFL after 125 years as takeover collapses Continue reading......read full article
