BURY FC supporters wishing to invest in their favourite club can now buy shares in the Shakers.

The Bury Times understands that £1 shares are now up for grabs and fans wishing to partake in the new issue should apply in writing directly to the directors at the Gigg Lane club.

It is thought that all money raised will be used to repay creditors from the CVA arrangement set up when the club came out of administration four months ago.

The new issue is expected to be well subscribed and a good number of supporters have already expressed a wish to buy shares in the Shakers.

To keep administration down it is believed a minimum holding of 100 is being advised and with that in mind Forever Bury - the club's supporters' trust - are organising a savings scheme for fans unable to pay the £100 up front.

Full details of the scheme will be provided on application to the trust and the matter will be discussed in full at the Forever Bury Annual General Meeting scheduled for Thursday, October 17.

The AGM - for members only - will be held at the Bury FC Social Club, Gigg Lane. It begins at 7.30pm and will be followed at 8.30pm by a Fans Forum, hosted by Forever Bury's Brian Richardson, when all supporters (members and non-members) can put questions to a panel of guests.

Already confirmed on the panel are Ian Harrop, Jim Lomas and Roger Barlow (Bury FC directors); Tower FM's Matt Hardman, Phil Thorp (Bury Times sports editor) and Dave Boyle from Supporters' Direct while invitations have also been extended to Shakers boss Andy Preece, a representative of the players and Bury Metro leader John Byrne.