Bury have been given more time to find a buyer to save their historic club.
Owner Steve Dale, who bought the club last December from Stewart Day, has unsuccessfully paid players and staff for the past few months, despite their fantastic efforts to be promoted to the EFL League One after finishing second in the 2018/19 EFL League Two.
Bury are suffering from debt in the region of £4.5million, and are seeking a potential buyer. Of which there are currently “at least two live considerations to buy the club with both interested parties having signed NDAs [non-disclosure agreements] as part of this commitment to progress”.
It is amazing to see Bury managing to perform and get promoted under the circumstances of the club, and if they can rid the weight of debt and an insecure future, it could allow the club to progress and blossom. However, if Bury resort to selling off a large number of players, it could be an incredibly embarrassing season in League One for Bury.
Being one of England’s most historic football clubs, it would be disappointing to see ownership run its legacy into the ground. Hopefully, the Greater Manchester side can find suitable ownership which can allow them to remain in League One next season and build from there.