All is not what it seems.
When debt is mentioned this isn't about the football side of the business spending too much money on transfers and salaries.
During the tenure of the two previous owners loans were taken out guaranteed by the football club and that money went elsewhere and not to enhance the footballing side of the business.
Coupled with this 'arrangement' fees were paid to some people who had nothing to do with Bury FC. These arrangement fees were huge running into hundreds of thousands of pounds. No one really knows who received these fees.
So when the current owner says he's owed some Director,s loans this isn't what we think it is. The cynic would say he's already taken this money out of the club and now he wants a new owner to give it him again.

All allegedly if course and just what I've been told by a man in the pub. If anyone connected to Bury FC is reading this then it is not my opinion