The EFL has agreed to discuss the issue of Bury’s potential.
The Shakers were expelled dropping their position in League One, after C&N Sporting Risk pulled from a proposed takeover of the club.
There are forecasts for the body to rethink its decision, with an alternative option being the team to its 2020/21 season to League Two.
An EFL statement has stated the organisation will consult with with the 71 clubs in the coming weeks regarding the situation of Bury.
There is no precedent for a club to get into the EFL directly via the application for admission or readmission following withdrawal of membership using it a”complicated situation that raises questions of due procedure, precedent and fairness as well as financial implications”.
However, it goes on to say such a move would be dependent on”clear signs being required of the club’s financial viability and its capacity to fulfil its ongoing obligations”.
Bury insist a 7m takeover had been submitted on August 27 before the deadline that is second.
The club’s general manager Scott Johnson said after Tuesday’s statement:”We believe that is common belief. We think it’s quite optimistic and we welcome the information.
“What we will do now is prepare and proceed forward and help Bury Football Club’s application to the Football Association.
“If we were to be relegated to League 2 we’d obviously still have the soccer league status as well as my understanding is that one of the buyers would still be prepare to purchase the club”
“Obviously, if We’re re-admitted it does establish a precedent, not just for Bury Football Club however any other team which does get into issue
“Football is very reciprocal, you can get promoted or relegated and fall into issues and it is important that everyone is cared in the soccer family moving ahead.”
Greater Manchester Police have started an investigation following the club’s expulsion in the EFL.
In a short statement, the Greater Manchester force said:”On 18 June 2019, authorities received a report of fraud involving Bury Football Club. No arrests are made and enquiries are continuing.”
Sky Sports News understands that this investigation is not in connection to the current owner Steve Dale that is Bury.
That report was made one month prior to Dale attained a company voluntary agreement with the creditors of all the club to reimburse 25 percent of their #9m they were owed.
But this deal depended upon the team being permitted to play this season, something the English Soccer League, concerned about Dale’s ability to fund those debts along with the group’s prices, refused to sanction.
This led in Dale missing a few deadlines to prove he can satisfy his obligations or sell the team. The EFL expelled from the league and eventually ran out of inspiration.
No arrests have been made so far.
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