The 62 page #BuryFC administrator’s report mysteriously popped into my possession earlier. Some intriguing snippets. FA and NL have said *could* rejoin the pyramid but not with Steve Dale as a director as he fails the owner and wankpuffin test.
Bury had assets with book value of £1.1 million in last audited accounts. Administrator estimates they will generate about £23,000 net. Trophies and computers “sold” to companies set up by Steve Dale were subject to credit notes so in theory belong to club but no sign of them
Bury borrowed £2.9m from Capital Bridge Finance Solutions (now in administration) but someone took a 40% commission which has ended up in companies not in the UK.
Main creditors include RCR Holdings for over £7m, a company that apparently is owned by the boyfriend of Steve Dale’s daughter. Address of RCR is a terrace house in Oldham, seems very modest for a £7m debt. Steve Dale has an ‘unknown’ claim against the club.