Bury FC have been saved from extinction.
Heads of terms have been signed and the new owners – a fan group called Est 1885 – are set to officially get the keys to the stadium as early as December.
The 136-year-old club has been dormant since the EFL controversially expelled them after previous owner Steve Dale failed to provide proof of funds for the 2019-2020 season.
Dale attempted to get the club admitted into the National League for the 2020-21 season.
But FA big-wigs blocked his attempts as they were not happy with the financial position of the Shakers.
And after failing to keep up to date with a CVA arrangement on a debt totalling several million pounds, the club was placed in administration last November.
The fan group has bought the intellectual property of Bury FC, trading name, history and assets.
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