The EFL Board has handed Bury FC owner Steve Dale a 9am deadline on Tuesday 13 August 2019 to provide the outstanding evidence it has previously requested or this weekend’s home fixture against Gillingham will be suspended.
Despite further exchanges of correspondence and a meeting earlier today, Mr Dale has still not provided the required clarity on how he plans to meet the Club’s commitments to football creditors, payment to unsecured creditors as part of the Company Voluntary Arrangement (CVA), alongside source and sufficiency of funding for season 2019/20.
Bury has already been issued with a notice of withdrawal of membership by the EFL and has until 23 August 2019 to meet all outstanding requirements of the League’s insolvency policy or its membership of the EFL will be withdrawn.
EFL Executive Chair, Debbie Jevans CBE, said: “We remain disappointed that we are still not in a position to reach a successful conclusion with Mr Dale but will continue to work diligently in an effort to receive the information we require.
“The real threat of Bury’s EFL membership being withdrawn still exists, a situation nobody - including this Board - wants to see and I sincerely hope we can find a way through these challenging circumstances for the benefit of all those who have an association with the Club.”