A Bury fan group FC EST.1885 has revealed that they are closing in on a deal to buy out Bury FC as well as Gigg Lane stadium. The group comprises of Bury Supporters Groups as well as benefactors of Bury FC are close to signing a deal for exclusivity in the purchase of the historical links of the club as well as the intellectual property. The fan group hopes to complete the deal over the next couple of months so that they can reinstate Bury into the EFL Football pyramid next season.
“During the due-diligence process, we will formalize our previously-stated intention for the club and ground to be held by an organization that is and will always be majority fan-owned, democratic, and debt-free.” Bury FC fan group EST.1885 said in a statement. “It will also be a platform for the capital influx to Bury, and the current bid includes funds from overseas and a pending application from the UK Government. We were happy to see that the Bury Council-sponsored Site Options Appraisal Report showed that the Gigg Lane site had merit for football in Bury and would be suitable for improvements in a phased approach over time.”