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My bosses recently have decided to part their ways, so we removed the first boss from the Facebook, yet it shows, that he is the owner of it, as in it is owned by his business. And since he is not so handy with the IT, I took over his account in order to transfer the ownership. But when trying to transfer the ownership, Facebook only allows to deny the request, as soon as I press accept, it shows error and says to try it again later. How is that and how can I fix it?

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This is the detailed sequence of what I'm doing:

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...followed by the error in the top image.

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    You question is unclear. Are you talking about Facebook Page or personal account? What error you are getting? Do you have screenshot of that error? – serenesat Jan 28 '19 at 6:29
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    For any future visitors, you can get an idea of what went wrong by looking in the network panel of chrome dev tools and reading the response json - in my cause the json message read something lime "you have been an administrator for less than one week" - much more usefull then the "something went wrong" displayed on the UI – Steve Sep 20 '19 at 12:35
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Let the new person register a fake business (can be a brand so no details have to be provided) under https://business.facebook.com/ and try to transfer ownership again. Remove the old account from the admins.

Once that's done it will stop showing the error message. I've had a similar but not the same issue, it showed the same error message. Making the receiver account access business manager helped

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