Bury have been expelled from the English Football League after a day of high drama that will almost certainly result in the 134-year-old club being liquidated.
Tag: C&N Sporting Risk
Bolton are on the verge of liquidation after the English Football League gave their administrators 14 days to either sell the League One club or prove they can fund them for the rest of the season.
The battle to save Bolton from bankruptcy has gone into added time after the League One club’s administrators missed a 5pm deadline on Tuesday to complete a takeover by the Football Ventures consortium.
Bury are now almost certain to be expelled from the English Football League after a proposed takeover by C&N Sporting Risk has fallen through, just 90 minutes before a league-set deadline for the deal to be completed.
Bolton administrator Paul Appleton says the future of the club “is still in doubt” but hopes there will be a “positive outcome” before today’s 5pm deadline set by the English Football League.
Bolton are on the brink of liquidation, with their 145-year history hanging in the balance while quibbles continue over legal paperwork.