Bury FC given stay of execution at the High Court
Bury Football Club has been granted a stay of execution from the High Court.
The embattled club was facing a winding up order after a petition was bought by the HMRC.
But the court has been given a 14 day stay of execution after the case was adjourned until October 30th.
Bury were expelled from the English Football League in August as a result of their financial issues.
Earlier this week a potential buyer of the club had ended their interest in any deal.
The town’s MP James Frith has met with the FA to talk about admitting the club into the lower tiers of professional football.
He said: “In the event that the club is liquidated, we have to carry on with the plan which is an application to the National League system with a new incarnation of Bury Football Club.
“From my conversations with the FA, that can include what they call mitigation, which would mean our application would be considered alongside the size and heritage of our club.
“While liquidation would ordinarily mean entry to the lowest step in the pyramid, there is an outside chance with Bury’s circumstances – and this would be featured in any application we would make – being returned to an appropriate level within the National League system.”
Last season a company voluntary arrangement was agreed with creditors. As a result the club was penalised by the authorities.
At the start of the new season the club’s fixtures were suspended while talks took place with creditors.
The decision was taken to expel the club from the football league after a takeover bid by C&N Sporting Risk collapsed.
