Bury financial crisis deepens amid pressure over £4.2m loan

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• Loan is from former owner Stewart Day’s property company
• Club face winding-up petition and owner says debt is £8m

Bury football club, already in the grip of a financial crisis, are facing further pressure for the repayment of £4.2m in loans from their former owner’s property company, which has collapsed into administration owing a similar sum to creditors.

The loan was recorded in Bury’s last published accounts, for the year to 31 May 2017, from Mederco Ltd, a company which built student accommodation in Bradford and is owned by Stewart Day.

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from Football | The Guardian https://www.theguardian.com/football/2019/may/29/bury-financial-crisis-loan-former-owner-stewart-day-winding-up-petition-debt

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