Bury expelled by English Football League after takeover collapses
Written by Fred on August 28, 2019
The League One club had been given until 17:00 BST on Tuesday to complete the deal, having been granted an extension to Friday’s initial deadline.
Bury are the first team to drop out of the EFL since Maidstone’s liquidation in 1992.
League One will comprise 23 clubs for the rest of the season, with only three teams to be relegated.
“When the news broke at Gigg Lane, fans instantly let out a huge cry – for help, of disbelief,” said BBC Radio Manchester’s Mike Minay.
“Fans walked away in instant tears, some crouching down to the floor.”
EFL executive chair Debbie Jevans said it was “one of the darkest days” in the league’s history, and added: “I understand this will be a deeply upsetting and devastating time for Bury’s players, staff, supporters and the wider community.Bolton Wanderers, also of League One, have been given 14 days to avoid being expelled themselves, with their prospective takeover by Football Ventures (Whites) Limited still yet to go through.
In a statement on Monday, the club’s administrators warned they are on the brink of liquidation, saying if they were unable to resurrect the move the club was “not in a position to carry on trading”.
However they said on Tuesday they will “continue to work through the night” to complete a deal, adding that there will be another update “as soon as possible”.
(SOURCE : BBC)