Bury FC’s future is in further limbo with owner Steve Dale attempting to force through another plan to settle the club’s debts.

Dale defaulted on his initial company voluntary agreement in January with a document sent to creditors revealing it was officially terminated on March 9.

Now he has asked those owed money to accept a new deal by April 1 or the club will be plunged into liquidation, ending 135 years of history.

“It is understood, that the director is looking to propose a new CVA which should be issued shortly,” read the report, issued by CVA supervisor Steven Wiseglass and seen by the Bury Times.  

“The director has requested that creditors take no action within the next few weeks to facilitate this.

“If no CVA is forthcoming by April 1 then I will issue a winding-up petition against the company and I intend to seek the appointment as liquidator.”

A consortium has been looking to complete a solvent sale of the Shakers from Dale while a new phoenix club, Bury AFC, are working to ensure there is football in the town next season having made an application to the North West Counties League, the club having been expelled from the EFL last August.

Last July’s initial agreement would have seen unsecured creditors, including HM Revenue and Customs paid 25p for every pound owed.

Football creditors would have been paid in full. The initial agreement resulted in the Shakers, fresh from winning League Two promotion, being deducted 12 points.

Dale then failed to satisfy the EFL he had the funds to take the club forward leading to the two-time FA Cup winners being kicked out of the league.