Home Health & Fitness
Health & Fitness

Former Bury FC chairmen declared bankrupt within months of each other

By Christopher Cooper
0
134

Stewart Day, left, and Steve Dale, right, have been declared bankrupt <i>(Image: Newsquest)</i>” src=”https://s.yimg.com/ny/api/res/1.2/eOgIQHP0ut2AGuidRjXsxw–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA–/https://media.zenfs.com/en/bury_times_244/32d4d03ae66c4ce456016c7e75a.data- “https://s.yimg.com/ny/api/res/1.2/eOgIQHP0ut2AGuidRjXsxw–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA–/https://media.zenfs.com/en/bury_times_244/32d4d03ae66c4ce456016c7e75b06f3a”/>.</p> <p>Stewart Day, left, and Steve Dale, right, have been declared bankrupt (Image: Newsquest)</p> <p>Two former Bury FC chairmen who were involved in the running of the club during its darkest days have been declared bankrupt within months of each other.</p> <p>In July, a bankruptcy order was made for businessman Steve Dale who bought the club in December 2018.</p> <p>In October, the man from whom he bought the club, Stewart Day, was also made insolvent.</p> <p>The news comes just months after a number of day’s companies. each under the trading name Mederco, went into administration, owing a combined £54m.</p> <p>The property companies were responsible for student building projects in several locations, including Bradford and Bolton, and held long leases over car park spaces at Bury FC.</p> <p><strong>READ MORE: Tottington midwife who helped Ukrainian refugees wins national award</strong></p> <p>In March, it was reported that more than 200 small investors had little hope of recovering debts from the company.</p> <p>Day stepped down as Bury chairman after six years in 2018, a period which saw a number of financial problems for The Shakers.</p> <p>That year, Dale, who remains a director of Bury FC Leisure Ltd and Bury FC Heritage Ltd, bought the club from Day for £1.</p> <p>The former owner presided over the club in the year ahead of its expulsion from the English Football League (EFL) in August 2019.</p> <p>The club’s financial issues had reached a peak after a deal by Dale to sell the club to another party fell through earlier that month.</p> <p>In the weeks prior, the EFL expressed frustration with the lack of significant progress made by Dale to prove he could fund the club.</p> <p><strong>READ MORE: </strong><strong>Elton residents invited to have their say on new crossing</strong></p> <p>It is believed that Dale rejected an offer, thought to have been made by a former of a Football League club, on the grounds that a better deal could be made.</p> <p>Just over a year later, in November 2020, Dale placed Bury FC into administration.</p> <p>Last year, Dale lost a legal battle with phoenix club Bury AFC after he attempted to register a trademark containing the crest of Bury FC and the town’s coat of arms in his own name.</p> <p>Story continues</p> <p>The plan was abandoned after almost 600 people voted in favor of a formal objection of the move.</p> <p>Earlier this year, fan-led group Bury FC Supporters Society (BFCSS) bought the club together with Gigg Lane and the intellectual property, history and memorabilia of Bury Football Club, out of administration.</p> <p><strong>READ MORE: </strong><strong>Radcliffe’s first aerial and pole fitness studio open on Lord Street</strong></p> <p>In October, plans to merge BFCSS with Bury AFC’s Shakers’ Community Society were narrowly unsuccessful after a vote failed to find enough members willing to back an amalgamation of the two societies.</p> <p>The two groups suggested they hope to reopen talks to determine how a fresh amalgamation vote or proposal could be approached.</p> </div></div><div class=

Previous articleYork City to travel to Bury AFC in FA Cup after replay win
Next articleSuffolk: Bunbury Arms pub near Bury St Edmunds closes
Christopher Cooper

Related Articles

Latest Articles

Load more

© Copyright - Bury News Today