A deal has been struck that could resurrect Bury Foootball Club, according to its administrator.
Steven Wiseglass says the agreement for the sale of the club’s Gigg Lane ground could help save the club and allow football to continue at the 12,000-capacity stadium.
The Shakers were expelled from the Football League in August 2019 and administrators have been trying to broker a deal for the club since May of this year.
“We have accepted an offer to purchase the Gigg Lane stadium and other assets, and have agreed heads of terms with the interested party,” said Mr Wiseglass, director at Inquesta Corporate Recovery and Insolvency.
“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.
“Until the sale is completed, we are unable to make any further comment.”
A fan group known as Est 1885 says it has signed an agreement to buy Bury FC, along with its intellectual property, trading name, history and assets.
A spokesperson for the group said it hoped the club would be reinserted into the footballing pyramid in time for the 2022/23 season.
Bury FC was founded in 1885 and are two-time winners of the FA Cup in 1900 and in 1903, when they beat Derby County 6-0. This remains a record winning margin in an FA Cup final, equalled only once, when Manchester City beat Watford in the 2019 final.
The club was expelled from the Football League in 2019 following a slew of financial problems, which reached a peak when a deal with owner Steve Dale to sell the club to another party fell through.
A phoenix club was later set up by a group of supporters, although others were unwilling to give up on the original outfit.Internet Explorer Channel Network