Bury FC get stay of execution as football chiefs extend deadline to complete takeover
EFL executive chair Debbie Jevans 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.
"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." Current owner Mr Dale, who bought the loss-making and heavily indebted club for £1 in December from the property developer Stewart Day, has said he has provided proof of funding.
He told Sky Sports News on Friday evening he"saved the club" and is not the"asset-stripper" some critics make him out to be, while blaming the league for the club's predicament.Last season they won promotion from League Two. But as the situation became increasingly dire over the summer, fans held protests, including one, former director Joy Hart, who handcuffed herself to a drainpipe.Bury have had six of its competitive matches suspended so far this season, which it began with a 12-point deduction imposed by the league when the CVA was sanctioned in July.
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