Bury takeover bid falls through as expulsion deadline looms

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Bury, founded in 1885, have twice won the FA CupBury are facing expulsion from the English Football League after the company attempting to buy the club, C&N Sporting Risk, said it was unable to proceed with its takeover.The Shakers had been given until 17:00 BST on Tuesday to complete the deal.Chris Farnell, the lawyer working to broker a deal, has said “alternative bids” have been put to the EFL and they were now “awaiting an outcome”.Bury would be the first team to drop out of the EFL since Maidstone in 1992.”The league announced at the weekend that it was working exclusively with the club and C&N in an attempt to finalise a change of control at the club,” said the EFL in a statement.”However, following a period of due diligence, C&N have opted not to progress matters. “The league continues to be in discussions with Bury FC and will provide a further update as appropriate.”The EFL suspended each of Bury’s first six fixtures this season, requesting evidence the League One club could pay off creditors and had the funding to make it through the entire campaign.They were initially given until 23:59 BST on Friday to either provide the required information or find a buyer to take them over.With the third-tier side effectively an hour from being thrown out of the EFL, owner Steve Dale told BBC Radio Manchester he had sold the club and they were set to survive.That news subsequently secured them an extension until Tuesday to complete the deal, although C&N Sporting Risk expressed concern that it was still not e

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