Bury, founded in 1885, were expelled from the Football League last week

Police have confirmed they are investigating allegations of fraud involving Bury football club.

Bury were expelled from the Football League last week after the owner Steve Dale was unable to prove the club could last until the end of the season due to its financial problems.

Greater Manchester Police said in a statement: “We received a report of fraud involving Bury football club. No arrests have been made and inquiries are ongoing.”

The police were contacted with the allegation on June 18, three days before Bury’s creditors were contacted with a proposal for a Company Voluntary Arrangement to cut the club’s debts.

The Times revealed earlier today that Dale has received payments of more than £115,000 from the stricken club’s accounts since the start of