Bury given new deadline of 5pm on Tuesday to complete sale and avoid being expelled from Football League
- Bury have been given a new deadline of 5pm on Tuesday to avoid expulsion
- The League One had initially been given a deadline of 11.59pm on Friday night
- Owner Steve Dale has agreed to sell the club to C&N Sporting Risk
Bury have been given a new deadline of 5pm on Tuesday to complete a sale and avoid being expelled from the Football League.
The League One club had initially been given a deadline of 11.59pm on Friday night to prove that they have funding.
Bury owner Steve Dale revealed on Friday evening that he has agreed to sell the club to analytics company C&N Sporting Risk.
Bury have been given a new deadline of 5pm on Tuesday to complete the sale of the club
British businessmen Henry Newman and Rory Campbell, son of Alistair Campbell, have proof of funds documentation and were lodging a bid to take over the Shakers from controversial owner Dale.
A statement from The EFL read: ‘The EFL Board met this morning in regard to Bury FC.
‘Shortly before Friday’s 11.59pm Notice of Withdrawal deadline, the EFL received notification that an offer for the Club had been accepted and a request was submitted to extend for a further period in order to successfully conclude a sale.
Owner Steve Dale has agreed to sell the League One club to C&N Sporting Risk
‘The Board has fully considered the information that has been made available by C&N Sporting Risk and whilst no formal sale has been completed, despite reports to the contrary, enough credible information was presented to allow the Board to agree to work exclusively with the Club and C&N Sporting Risk over this Bank Holiday weekend in an attempt to finalise the change of control and achieve a positive outcome for Bury FC.
‘The EFL Board, however, remains firmly of the view that the League cannot be in a position whereby any more of the Club’s 2019-20 fixtures will be suspended due to the integrity of the competition, the impact on other clubs in the League and therefore has stated that matters must be concluded by 5pm on Tuesday 27 August 2019.
Bury fans have been gathering outside the club’s stadium all week in protest at the situation
‘If in the event a successful outcome is not achieved by this point, then Bury FC’s share in the EFL will be withdrawn and its membership in the League will come to an end.’
Bury have not been able to fulfil any of their fixtures so far this season.
EFL Executive Chair Debbie Jevans, CBE, said: ‘The Board has considered the evidence presented and has determined, in a final effort to allow the Club the opportunity to survive, to grant an extension and work exclusively with the Club and C&N Sporting Risk to see if a takeover is possible.
Stadium: Gigg Lane
Chairman: Steve Dale
Manager: Paul Wilkinson
Honours: FA Cup winners (1900, 1903)
‘No one wants to see a Club lose its place in the League and we will now work with the potential purchasers over the weekend and ahead of the Tuesday deadline in an attempt to find the solutions required for a sale to take place.’
The EFL announced on Friday evening that it had received notification that Dale has accepted an offer from C&N Sporting Risk for the sale of Bury.
Friday was full of twists and turns at Gigg Lane as Bury fought for its life and supporters hanging on for any scrap of news.
Dale bizarrely pleaded for the public to raise £2.7million in order to satisfy the EFL during an expletive-laden interview on national radio. Talks with one interested party then progressed.
Local MP James Frith has worked closely with the prospective new owners, while Accrington’s Andy Holt has offered financial guidance.
Bury’s fans have been vocal all week, with a coffin saying ‘RIP Bury F.C. 1885?’ prominent
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