Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Bury Revolution Begins As New Chairman Is Appointed

Thu 30th May 2013 | Clubs Ownership

Following the resignation of the previous board and subsequent takeover, Bury Football Club have appointed Stewart Day as their new chairman.

Bury were placed under a transfer embargo following a loan acquired from the Professional Footballers' Association (PFA) as the scale of their financial difficulties became apparent with the need of around £1m of investment to keep the club from going out of business.

On completing the takeover yesterday, all outstanding debts have been paid and the Football League have lifted the transfer embargo.

Speaking to buryfc.co.uk, new Chairman Stewart Day said: “I am extremely proud to take over the role and responsibility of putting Bury Football Club back onto a strong football and financial footing.

“After spending the last three weeks in the due diligence process, I am delighted to officially confirm my position at the club.

“Over the next few days the new board of directors will be announced and key appointments made.

“The vision is to secure long term football at Gigg Lane at the highest level and this will take the support and commitment of all members of Bury Football Club, from the fans to the car park attendant

“Bury Football Club needs the on-going support of the local business community as well as the tremendous fan base that has been left frustrated for so many years.”

Day was keen to stress that he will support the club’s manager, Kevin Blackwell in rebuilding the club after relegation from League One saw them release 16 players. But he was weary that financing team building was only part of the club’s long term aim of getting back into the Championship.

“I have taken time with Kevin Blackwell and have been very impressed with his level of professionalism and most of all his determination to see his experience supported to attract the best possible players," Day added.

“I will support Kevin to achieve this, however we must remember that at all times we must never allow this club to be in this financial position again.

“With this in mind, changes will be made in all departments as well as improving facilities both at the ground and improving the quality of our training facility.

“The new board will bring a variety of professionalism and experience within different sectors to support my vision to ensure that we will be fighting for championship football.

“Step one is to stop the rot and to start from a clean page.  Over the next few weeks we will welcome supporters to the club in a series of question and answer sessions in order to allow everyone the chance to express their opinions and allow their furstrations to be released.”

Posted by: Aaron Gourley

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

 

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE FCBUSINESS RSS FEED

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Portsmouth Enter Possible Takeover Talks

Thu 23rd Mar 2017 | Clubs Ownership

Portsmouth Football Club has confirmed it’s in talks regarding a potential takeover. In a statement released by the club, they said: “Portsmouth Community Football Club would like to...

Walker Morris Advise On Leeds United Sale

Thu 5th Jan 2017 | Clubs Ownership

Specialist Sports Law Team at Walker Morris reinforces its national reputation for football club acquisitions/sales with the latest sale of Leeds United FC. Specialist sports lawyers at Walker Morris...

Aser Group Holding Acquires 50% Of Leeds United

Wed 4th Jan 2017 | Clubs Ownership

Aser Group Holding has completed its investment in Leeds United Football Club today. Leeds United Football Club has confirmed Aser Group Holding, through its acquisition vehicle Greenfield Investment...

Notts County Sold To Local Businessman

Mon 19th Dec 2016 | Clubs Ownership

Notts County owner Ray Trew has confirmed the sale of the club after reaching an agreement with local businessman Alan Hardy. Having held discussions with a number of prospective buyers in recent...