Steve Dale's son in law 'bought' Bury's biggest debt – of £7m – for £70,000 just a couple of weeks ago.
This meant two things.
Firstly, by becoming the biggest creditor, he was able to vote through the CVA pushing Bury towards a "wind-up and give creditors 'some' of their money back"...
I can’t really follow the intricacies of this, but in a nutshell, it stinks.
https://www.theguardian.com/football/2019/aug/23/bury-company-debt-cva-steve-dale-daughter
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