The businessman – who is battling from terminal leukaemia – also revealed his lawyers told him to walk away, but instead vowed to stay and sort out the mess ‘for the people who are working 20 hour days’ to save the club.
The Shakers were promoted as League Two runners-up last term but they will NOT begin their new third tier campaign this weekend, with their opening game against MK Dons being postponed by league chiefs over the current uncertainty surrounding the club.
Dale bought Bury for £1 from former chairman Stewart Day in December in hope of rescuing the debt-ridden side, but his task was hit with a huge blow as further debts ‘came out of the woodwork’ – leaving Bury players and staff without pay.
The club’s financial sorrows lifted slightly on Wednesday when a winding-up petition from HM Revenue and Customs for £1million in unpaid taxes was dismissed by the High Court.
Dale had also already agreed a company voluntary arrangement (CVA) – a deal struck between insolvent companies and their creditors to pay back some of what they owe in order to start again with a clean slate – which means all players who had outstanding funds owed to them have now been paid, although it also means they will start the season on -12 points.
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