THERE was still no sign of Shakers majority shareholder Hugh Eaves breaking his silence following this week's disclosure of his part in a stock market scandal.

The City of London financier has reportedly lost millions of pounds of former colleagues' money after investing in the high-risk derivatives market.

However, Bury FC chairman Terry Robinson has allayed fans' fears that the club is in imminent danger of folding following the revelations.

Chairman of the newly-formed Bury FC Supporters' Association Brian Rigby who has spoken to Mr Robinson said: "We have been assured that because we are a limited company there should not be any financial repercussions and we are confident that is the case.

"But it's vitally important we step up the search for new investors and I know the chairman has been actively trying to do that for the past six months.

"We feel sorry for Mr Eaves' predicament and all the people I have spoken to have a lot of time for him and feel no malice."

And, looking on the positive side, Rigby thinks the recent adverse publicity the club has received nationally could pay dividends.

"I'm hoping that because the club has been pushed into the spotlight it could even work to our advantage with regard to bringing in investors.

"Someone might see the predicament we are in and show an interest, you never know!"

Converted for the new archive on 14 July 2000. Some images and formatting may have been lost in the conversion.