TWO potential rescue packages for Bury FC have failed according to administrators.

Administrator Steven Wiseglass, of Inquesta Corporate Recovery and Insolvency, has outlined how 19 expressions of interest in buying The Shakers were received since the club entered administration last October.

They led to nine non-disclosure agreements being returned and signed and two subsequent offers.

One offer was not acceptable as the secured lender would not agree to deferred terms of repayment while the other was withdrawn during the due diligence process.

The papers reveal the club has a total liability of £12.5m, including £979,062 owed to HMRC, which has submitted a claim for £1.4m in respect of direct taxes, VAT, and non-VAT liability.

Trade and expense creditors account for £2.96m, while £7.1m is owed to RCR Holdings, an Oldham company which bought a debt owed by Bury for £70,000.

Employee claims amount to £1.1m. The papers show the sum owed to former owner, Steve Dale, is “unknown”.

Mr Wiseglass also confirmed there were concerns about a number of issues including the disbursal of cash taken on the turnstiles from the final games at Gigg Lane and the whereabouts of “assets uplifted from the training ground” and various items of “memorabilia”.

Mr Wiseglass added: “Steven Dale has now advised his son Christian Dale acquired these assets. Our solicitors are engaging with the parties to resolve the position. The Administrator currently disputes that there was a lawful transfer of these assets.”

Mr Wiseglass said he had allowed Gigg Lane’s car park to be used for filming but on three occasions filming had taken place without his permission.

“The administrator believes funds of £3,600 has been misappropriated by an ex-employee and is currently taking the appropriate action to recover the funds,” he said.

Last May Mr Wiseglass put the club’s Gigg Lane ground on the market and appointed Fleurets as the agent to sell the stadium. The stadium is freehold, and unconditional offers are being sought for the entire property. A preliminary deadline for offers on the ground has been set for August 5.

“It is anticipated that additional offers will be made for the business and assets,” added Mr Wiseglass.