ADMINISTRATORS have placed Gigg Lane up for sale, it has been announced.

Agents have been appointed to sell the former Bury FC home as part of the ongoing administration process.

Administrator Steven Wiseglass says he has been in discussions with Capital Bridging Solutions, which is itself in administration, over the £2.91m charge it holds over the 12,000 capacity ground.

And a bid by a community consortium, using existing legislation on assets of community interest, has not been ruled out.

Mr Wiseglass says the stadium is freehold and unconditional offers are being sought for the ground, including the ticket office and club shop.

He added: "As part of the administration process, I have been liaising with the secured charge-holder over the stadium and have now appointed Fleurets to actively market the stadium for sale.

“My role is to secure the best possible outcome for all stakeholders of The Bury Football Club Company Ltd.

“Bury FC is a club with a rich history and a loyal and enthusiastic fan base, and I do hope that a suitable buyer will be forthcoming to secure the future of football at Gigg Lane.

“All expressions of interest should be submitted directly to Fleurets.”

The administration process began last November, with The Bury Times reporting that the company owed various creditors £15.2m.

But talks have indicated a path could be made clear for a revived Bury FC to one day join the National League or Northern Premier League.

The position of club chairman and director Steve Dale, who is said so far to have been unco-operative with the administrators, remains unclear.

Mr Wiseglass added: "It is understood there may be an offer from a community interest group to purchase the stadium and trading name as a result of the Chancellor’s announcement in the recent Budget to provide matched funding for purchasing assets of community interest.

“There are other potential parties interested in acquiring the business and assets, and I am liaising with them.”

Investigations into "the actions taken by all the directors of The Bury Football Club Company Ltd and the financial transactions that occurred leading up to it going into administration" are also said to be ongoing.

Mr Wiseglass added: “I cannot comment specifically or further on this to avoid prejudicing any possible legal claims.”

Graeme Bunn, managing director of Fleurets, said: ““Fleurets is delighted to have been appointed by Inquesta to bring to the market the stadium at Gigg Lane.

“This is a unique opportunity to purchase a freehold stadium, with an all-seating capacity of over 12,000.

“The marketing of the stadium presents a variety of buyers and occupiers with the prospect of securing the landmark property.

“Offers will be invited on an unconditional basis. We encourage all interested parties to contact Fleurets as soon as possible, as we anticipate significant local and national interest.”