UK Administrator says Bury FC memorabilia has been removed from Gigg Lane last minute news

MetiNews.Com - Nearly £70k of computer equipment and memorabilia is currently missing.

UK Administrator says Bury FC memorabilia has been removed from Gigg Lane last minute news

MetiNews.Com - Nearly £70k of computer equipment and memorabilia is currently missing.

UK Administrator says Bury FC memorabilia has been removed from Gigg Lane last minute news
22 January 2021 - 18:01

Breaking News ! The administrator of Bury Football Club says trophies, memorabilia, computer equipment and furniture is currently missing from Gigg Lane. A report published this week details items up to a value of almost £70,000 which have not been found at the stadium since the Shakers dropped into administration late last year. The missing inventory is listed in the club's last full accounts from 2017 but administrator Steven Wiseglass, director at Inquesta Corporate Recovery & Insolvency, says their location is unknown. The trophies and memorabilia were sold to Bury FC Heritage Ltd - a company run by former Shakers owner Steve Dale - for £48,000. However, Mr Wiseglass says that an invoice for these items was credited on the day they were sold and they are therefore thought to have been immediately returned to the ownership of the football club. Read More Related Articles Fire crews were called to 84 incidents in 13 hours as Storm Christoph caused chaos across Greater Manchester Read More Related Articles How to receive news updates from Bury direct to your email inbox In the 62-page report, which is available online, he said: "As detailed in the previous CVA (Company Voluntary Agreement), it stated that Bury Heritage purchased the trophies and memorabilia for £48,000 plus VAT. "After a review of the general ledgers of the company (Bury FC) it was noted that an invoice was raised and credited on that same day. As such it is believed that these assets still belong to the company. "The current location of these assets is unknown as they have been removed from the site. The administrator will make further enquiries to the location of these assets.

. Exactly which trophies are missing is not clear although the Shakers were in possession of two FA Cups from victories in 1900 and 1903. The administrator's report also includes an update on parties interested in buying Bury FC in the future. Mr Wiseglass says there are currently three offers for the club out of six groups who expressed their interest since Bury fell into administration in November last year, although no deals have been agreed. And, there is further information from the FA confirming that the Shakers could rejoin the football pyramid in the National League if another party buys the club and Steve Dale - who failed the Owners and Directors Test - is no longer in charge. Currently, the club owes more than £12.2m in unsecured debt. This includes £7.1m owed to RCR Holdings, a company which bought the debt from Mederco Ltd, the firm owned by former boss Stewart Day which loaned Bury a large sum before falling into administration itself in 2019.

Source =

MetiNews.Com

This news 52 hits received.

UK Administrator says Bury FC memorabilia has been removed from Gigg Lane last minute news


UK Administrator says Bury FC memorabilia has been removed from Gigg Lane last minute news


UK Administrator says Bury FC memorabilia has been removed from Gigg Lane last minute news


UK Administrator says Bury FC memorabilia has been removed from Gigg Lane last minute news

COMMENTS

  • 0 Comment
Last News
MAY INTEREST YOU x
Football Sport news  Arsenal boss Mikel Arteta responds to Barcelona rumours he could replace Ronald Koeman Last Football news
Football Sport news Arsenal boss Mikel Arteta responds to Barcelona...
Last transfer news  Preview: Huddersfield vs. Cardiff - prediction, team news
Last transfer news Preview: Huddersfield vs. Cardiff - prediction,...