Russell Ward has made a U-turn on his decision to step down as Bury Town chairman after being able to agree a reduced playing budget with the board of directors.
It comes after a meeting on Wednesday night where members agreed to a stricter budget to keep the club on a financial stable footing.
Ward, who has been chairman at the Ram Meadow club for the past 13 years, said of his proposed resignation: “The situation is I have withdrawn it and shall continue as chairman.
“It has been agreed our budget will be re-aligned to suit the club’s finances.”
The Blues chief had been unhappy at some financial decisions made on players without his knowledge and has said there will now have to be changes, something manager Richard Wilkins was already prepared to do after Tuesday’s limp 4-0 home defeat to Dulwich Hamlet.
Ward said the club will also be making changes to the board of directors as well as seeking a new commercial manager, urging people to come forward.
The Bury chief thanked the fans for their support, which had included wearing masks of his face at Tuesday’s game.
Ron Kent, who has assisted Ward with the club’s finances since he became chairman in 2000, had called for him to stay on ahead Wednesday’s meeting.
“No-one is irreplaceable but Russell Ward’s work and leadership of the club in recent years has been outstanding and truly amazing,” he said.
“Russell is absolutely right to have demanded a reduction in the playing budget in the interests of the club’s financial future.”
n Match reaction: page 140