BURY FC have officially announced that they are out of administration.
And they will return to playing at Gigg Lane in a huge boost.
Bury are out of administration Credit: PA The club were expelled from the Football League in August 2019 after a collapsed takeover attempt.
However, a supporters society have come together to buy both the club and it’s iconic ground.
The fan group also now own all club memorabilia.
Bury broke the news on their official website with a statement which read: “After Bury Football Club Supporters’ Society successfully rallied together to buy Gigg Lane, and the intellectual property, history and memorabilia of Bury Football Club out of administration, The Shakers are finally coming back after their tragic expulsion from the English Football League in 2019.
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PSG make three-man manager shortlist to replace Mauricio Pochettino “With the help of generous benefactors, the club is now in safe hands. Using the successful German model of 51:49 ownership, we (the Supporters’ Society) make up the 51% majority while the benefactors, Bury fans themselves, are the 49%.
“The club and stadium can never fall out of our hands again and we are now working hard to bring elite men’s football back to the town through negotiations with the FA.
“It is our aim that we come back bigger and stronger than ever so we have drawn up plans to make Gigg Lane a community hub for the town seven days a week.”
The club have also asked for supporters to contribute to the development of Gigg Lane.
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Fans are keen for the ground to become “more than it was before”.
Gigg Lane has recently been used as a storage facility for donations to the Ukraine crisis.
But there are now plans to develop a community gym on the premises along with an office, a clinic and an artificial playing surface.
Source: Soccer - thesun.co.uk
