Last night confirmation came from the EFL that Bury FC’s membership of the league had been officially withdrawn.
Prospective buyers C&N Sporting Risk pulled out of a deal to purchase the north west club yesterday afternoon, citing concerns around the complexities of the club’s Company Voluntary Arrangement (CVA).
The EFL said: “Having fully considered all available options, including a number of late expressions of interest provided to the EFL, the EFL Board has unanimously determined with enormous regret that Bury’s membership be withdrawn.
“The EFL Board had maintained that there could be no further suspensions to the fixture list and that these ongoing concerns and the integrity of the competition were a significant factor in the decision.”
Bolton Wanderers, who are now bottom of League One, were given another 14 days by the EFL to finalise a sale after talks broke down over the bank holiday weekend.
FSA vice chair Tom Greatrex said: “It’s extremely shocking that we’ve reached this point – Bury FC’s demise does severe harm to the reputation of our footballing pyramid.
“It's clear that clubs and leagues can't be left to regulate themselves, we need the FA to step up and be the game's regulator.
“Our thoughts are with Bury fans today and we’ll continue to support them as they look to rebuild.”
Thanks to PA Images for the image used in this article.