Two former Bury FC chairmen who were involved in the running of the club during its darkest days have been declared bankrupt within months of each other.

In July, a bankruptcy order was made for businessman Steve Dale who bought the club in December 2018.

In October, the man from whom he bought the club, Stewart Day, was also made insolvent.

The news comes just months after a number of Day’s companies. each under the trading name Mederco, went into administration, owing a combined £54m.

The property companies were responsible for student building projects in several locations, including Bradford and Bolton, and held long leases over car park spaces at Bury FC.

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In March, it was reported that more than 200 small investors had little hope of recovering debts from the company.

Day stepped down as Bury chairman after six years in 2018, a period which saw a number of financial problems for The Shakers.

That year, Dale, who remains a director of Bury FC Leisure Ltd and Bury FC Heritage Ltd, bought the club from Day for £1.

The former owner presided over the club in the year ahead of its expulsion from the English Football League (EFL) in August 2019.

The club’s financial issues had reached a peak after a deal by Dale to sell the club to another party fell through earlier that month.

In the weeks prior, the EFL expressed frustration with the lack of significant progress made by Dale to prove he could fund the club.

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It is believed that Dale rejected an offer, thought to have been made by a former of a Football League club, on the grounds that a better deal could be made.

Just over a year later, in November 2020, Dale placed Bury FC into administration.

Last year, Dale lost a legal battle with phoenix club Bury AFC after he attempted to register a trademark containing the crest of Bury FC and the town’s coat of arms in his own name.

The plan was abandoned after almost 600 people voted in favour of a formal objection of the move.

Earlier this year, fan-led group Bury FC Supporters Society (BFCSS) bought the club together with Gigg Lane and the intellectual property, history and memorabilia of Bury Football Club, out of administration.

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In October, plans to merge BFCSS with Bury AFC’s Shakers’ Community Society were narrowly unsuccessful after a vote failed to find enough members willing to back an amalgamation of the two societies.

The two groups suggested they hope to reopen talks to determine how a fresh amalgamation vote or proposal could be approached.