by Son Of Sherwood » Sat Aug 24, 2019 12:59 pm
Source; BBC Sport
Bury have been given until 17:00 BST on Tuesday to complete a sale that would prevent them from being expelled from the English Football League.
Owner Steve Dale said late on Friday he had agreed a deal to sell Bury to analytics company C&N Sporting Risk.
The League One club had originally been given until 23:59 BST on Friday to prove they could pay off creditors and had funding to complete the season.
The Shakers have not played any of their first six games of the season.
Their first five league matches were suspended by the EFL and they have also been withdrawn from the Carabao Cup.
"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," EFL executive chair Debbie Jevans said.
"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."
Following a meeting by the EFL board on Saturday morning, the league said that no further Bury fixtures would be suspended because of the integrity of the competition and the impact on other clubs in the division.
Although no formal sale of the club has been completed, the EFL said they had received "enough credible information" to allow the club to work over the Bank Holiday weekend to finalise a change of control at the Shakers.
Endeavoring to persevere since 1965 (8-1 home win against QPR)
Seal it, Larson