Two-time FA Cup winners Bury have been expelled from the Football League after 125 years of membership.
The news Bury fans had been dreading came after data analytics company C&N Sporting Risk pulled out of a deal to buy the club from owner Steve Dale, 90 minutes before Tuesday’s revised 5pm deadline.
Bury, who were formed in 1885, were unable to fulfil their first five league fixtures of the season and are the first team to be expelled from the Football League since Maidstone United back in 1992.
League One will now comprise 23 teams for the remainder of the season and the number of relegation places will be reduced to three instead of four.
An EFL statement read: “The EFL Board met earlier this evening and, after a long and detailed discussion, determined that Bury FC’s membership of the English Football League be withdrawn after the deadline passed at 5pm today (Tuesday, August 27) without a successful resolution.
“Despite repeated requests to its owner, Mr Dale, over a sustained period of time, the necessary evidence in respect of how the club would meet its financial commitments, has simply not been provided and, as a result, attentions turned to securing new ownership at the club.
“At its meeting on August 24, 2019, the board agreed a short extension to 5pm today (Tuesday, August 27) to enable Mr Dale and the club to explore the possibility of a proposed sale with C&N Sporting Risk Limited, with Mr Dale having accepted their offer. Following due diligence, C&N Sporting Risk Limited opted not to pursue its interest.