Greater Manchester Police have launched an investigation after receiving a report of fraud between Bury, after the expulsion from the EFL of the club.
After C&N Sporting Risk pulled out of a planned takeover, the team lost his League One status a week.
In a brief statement, the Greater Manchester force explained:”About 18 June 2019, police received a report of fraud between Bury Football Club. No arrests have been made and they’re continuing.”
Sky Sports News knows this investigation is not in relation to the whoever owns Steve Dale.
That report was made 1 month earlier Dale reached a company voluntary agreement with all the club’s creditors to reimburse 25 per cent of their 9m they were owed.
But that deal depended upon the team being permitted to perform this year, something the English Soccer League, worried about Dale’s ability to fund those debts along with the prices of the team, refused to sanction.
This led missing a few deadlines to either prove he can fulfill his obligations or sell the club to somebody who could. The EFL ran out of inspiration Tuesday and hauled Bury from the league.
No arrests have been made thus far.
Read more: https://conservativewatchnews.org/nba