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Bury at risk of liquidation

The latest development in the sad saga of Bury sees the club at risk of liquidation: Owner fails to pay money to creditors

Bury’s owner, Steve Dale, has failed to provide any of the money he pledged last summer towards paying the club’s debts via a company voluntary arrangement (CVA), creditors have been informed. Dale has until 11 February to pay at least £2m which is owing, otherwise the CVA will be scrapped and the 135-year-old club, which was expelled by the EFL in August, looks likely to be liquidated.

A consortium of local businessmen, so far not named publicly, is reported to have been negotiating with Dale to buy the club with its debts to pay, in the hope that Bury may be able to start again in the National League next season. A group of supporters has also made strong progress with forming a phoenix club, Bury AFC, and applied to join the North West Counties League, should efforts to keep the current club out of liquidation fail.

The latest winding up petition has now been dismissed in the High Court: Latest development

In a somewhat ungenerous remark about an experienced entrepreneur, Kieran Maguire comments: 'Bury FC winding up order dismissed for the 12th time as serial asset stripper Steve Dale continues to play the system by paying just enough in just enough time to persuade judge to allow the company to continue.'

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