Winding-up petition against Bury has been DISMISSED by the High Court as League One club are handed lifeline
A winding-up petition against Bury has been dismissed in the High Court.
The League One club were facing expulsion over an unpaid tax bill, reported to be around £277,000.
While the Shakers are in crisis on the eve of the new campaign having already seen their opening fixture against MK Dons suspended and been handed a 12-point deduction, Wednesday’s verdict comes as good news.
A winding-up petition threatening Bury with expulsion has been dismissed by the High Court
The case against the club had previously been adjourned on three occasions as the club sought an agreement from creditors to clear their outstanding debts.
HMRC took over the winding-up petition from Bury’s former head coach Chris Brass, who has agreed to the club’s proposals to pay money owed to him in full, the court was told back in April.
While the dismissal of the winding-up order is a positive for the future of the club, Bury could still find themselves expelled by the Football League after failing to supply necessary information over a company voluntary agreement, which was passed last week.
Bury could still face expulsion from the Football League by the EFL due to issues over the CVA
Bury will be handed a notice of withdrawal of membership, leaving them with 14 days to come up with an escape plan and avoid being kicked out of the League.
An EFL statement read: ‘As a result of not meeting Monday’s 5pm deadline, which had been extended on two previous occasions, the EFL Board feels it has been placed in an unenviable position and, regrettably, has opted to take the reluctant decision to suspend Saturday’s opening day fixture with MK Dons under the provision of EFL Regulation 28.2.
‘In addition, the EFL Board, if not in possession of the necessary evidence by 12pm on Friday 2 August 2019, will make a determination as to whether to suspend Bury’s away fixture at Accrington Stanley on Saturday 10 August 2019.
‘As has been the case throughout this entire process, the EFL will continue to offer its full assistance to the ownership at Bury, but remains clear that while the League is here to support the Club through some extremely complex and complicated issues, the outstanding matters can only be resolved with the cooperation from the Club itself.’
The EFL have already made the call to suspend the club’s League One opener against MK Dons
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