In a nutshell. Bury's previous owner ran the club into ground and remortgaged the stadium (gigg lane)and car park as his own wealth plummeted.
''The lender, a firm based in Crosby called Capital Bridging Finance Solutions (“Capital”), is now owed £3.7m. Capital in turn mortgaged Gigg Lane, most homely of football grounds, to a company based in Malta whose own lenders were eight companies registered in the tax haven of the British Virgin Islands.
As revealed in the Guardian, large portions of the borrowed money never came to Bury at all, because 40% was paid as “introduction fees” to unnamed third parties.
So the interested parties that wanted to buy the club basically said fukk that as it would have no real say and just be picking up the tab
Players haven't been paid in 6 months and some are losing their houses. But the last chairman Steve Dale was a crook aswell as most of his previous business all went into solvency. How he ever passed the competent phase of buying a club baffles me.
If they restart the club I doubt it will be at gigg lane, probably be turned into flats. and they would have to start at the combined counties level which is like 7 leagues below
