The EFL have released the following statement today:
Bury FC’s scheduled Carabao Cup fixture with Sheffield Wednesday has been suspended by the EFL Board after the Club failed to provide the additional specific detail requested in relation to a number of its financial obligations.
The Club had been set a 5pm deadline on Wednesday 7 August 2019 by the League to provide further information into how they planned to meet its financial commitments as part of the Company Voluntary Arrangement (CVA) and source and sufficiency of funding for season 2019/20.
Following extensive discussions and correspondence, the information received did not provide the clarity or evidence required and, as a result of the League not being able to defer the decision any later than today, the Club’s Carabao Cup tie on Tuesday 13 August 2019 will not take place as scheduled in accordance with Carabao Cup rules.
The EFL will continue to concentrate its efforts on working constructively with the Club and Mr Dale to obtain the detail required to avoid any further suspensions.
However, the EFL Board has determined that it cannot continue to suspend fixtures indefinitely and as Wednesday’s deadline for information passed without a successful resolution, it will now lift the suspension on the notice of withdrawal of membership of the EFL.
Bury were served the notice of withdrawal of membership on 25 July 2019 and it has remained suspended until today (8 August 2019).
As per the League’s Articles of Association, this will now give the Club 14 days ( 23 August, 2019) to meet all outstanding requirements of the League’s insolvency policy or its membership in the EFL will be withdrawn.
EFL Executive Chair, Debbie Jevans CBE, said: “Despite continued efforts and regular communication and dialogue with Mr Dale and his team, the required evidence has not been forthcoming. Albeit regretfully, the Board has been left with no choice but to take the action it has.”