Bury were placed into administration in November 2020 having been expelled from the English Football League in August 2019 – but a fan group has emerged to rescue the club
Video LoadingVideo UnavailableClick to playTap to playThe video will auto-play soon8CancelPlay nowBury FC fans wait for news on club’s futureByFreddie KeighleyDigital Sports Reporter
- 20:09, 22 Oct 2021
Bury FC and their historic stadium have been purchased by a group of fans in a transaction which will save the club.
The two-time FA Cup winners were placed into administration in November 2020 having been expelled from the English Football League in August 2019 due to crippling debts totalling several millions of pounds.
Former owner Steve Dale pushed for Bury to enter the National League for the 2020/21 season, but his attempts were blocked by the Football Association.
Gigg Lane, Bury's home since their establishment in 1885, was put up for sale by administrators in May this year and there were a number of parties interested in buying the dormant club and the 12,500-seater ground.
In news which will delight supporters, a fan group known as Est 1885 has been successful in buying Bury FC's intellectual property, trading name, history and assets.
Which league should Bury be admitted to if the takeover is completed? Have your say in the comments.
A fan group known as Est 1885 has agreed to buy Bury FC
Action Images via Reuters)
The club's administrators, Inquesta Corporate Recovery & Insolvency, have confirmed heads of terms are agreed with buyers in a move to rescue the Shakers.
Inquesta director Steven Wiseglass said: "We remain hopeful that the deal will be completed in a timely fashion and will be a major step towards securing the future of football at Gigg Lane.
"My hope has always been that Bury FC could be rescued and seek readmission to the football pyramid system, and this now seems a step closer to becoming a reality.
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"Until the sale has been completed, we are unable to make any further comment."
Meanwhile, another fan group set up AFC Bury last season and the new side are plying their trade in the 10th tier of English football, the North West Counties League Division One North.
But news of Bury FC nearing a formal takeover means the storied club may be reintroduced much higher up the football pyramid, with admittance the National League North or Northern Premier League a possibility.
That is according to The Sun , who cite an Est 1885 spokesperson who said: "This is a fantastic day for everyone who supports our beloved club.
"What has happened to us has been well documented and we’ve always wanted to get Bury FC playing again at Gigg Lane.
"This is now hopefully the start of that process.
"There is a lot of work to do and we’re now going to be working on getting the club into a position to start the 2022-23 season after three years of not playing football."
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