Greater Manchester Police have started an investigation following the expulsion in the EFL of the club.
His League One status was dropped by the team following C&N Sporting Risk pulled out of a takeover.
In a brief statement, the Greater Manchester force said:”On 18 June 2019, police received a report of fraud involving Bury Football Club. No arrests are made and they’re continuing.”
Sky Sports News understands that this investigation isn’t in relation to the current owner Steve Dale that is Bury.
This report was created one month earlier Dale reached a company voluntary arrangement with the club’s creditors to repay 25 percent of their 9m that they were owed.
But that deal depended on the club being allowed to play with this season, something the English Soccer League, worried about the ability to fund the costs of the team and those debts of Dale, refused to sanction.
This led in Dale missing deadlines to prove he can fulfill his duties or sell the team to someone who could. The EFL ran out of patience and hauled Bury from the league.
No arrests have been made thus far.
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