This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.bbc.co.uk/news/uk-england-manchester-49568307
The article has changed 4 times. There is an RSS feed of changes available.
| Version 2 | Version 3 |
|---|---|
| Bury FC: Report of fraud investigated by police | |
| (32 minutes later) | |
| A fraud investigation has been launched involving Bury Football Club, police have confirmed. | A fraud investigation has been launched involving Bury Football Club, police have confirmed. |
| Greater Manchester Police (GMP) said it received a report of fraud on 18 June and inquiries were ongoing but no arrests had been made. | Greater Manchester Police (GMP) said it received a report of fraud on 18 June and inquiries were ongoing but no arrests had been made. |
| The club were expelled from the English Football League (EFL) on 27 August after a late takeover bid from C&N Sporting Risk failed. | The club were expelled from the English Football League (EFL) on 27 August after a late takeover bid from C&N Sporting Risk failed. |
| Bury were the first club to drop out of the league since Maidstone in 1992. | Bury were the first club to drop out of the league since Maidstone in 1992. |
| The Greater Manchester club were members of the EFL for 125 years. | The Greater Manchester club were members of the EFL for 125 years. |
| The allegation of fraud was made to GMP exactly one month before current owner Steve Dale reached a Company Voluntary Arrangement to repay the club's creditors 25% of the £9m they owed. | The allegation of fraud was made to GMP exactly one month before current owner Steve Dale reached a Company Voluntary Arrangement to repay the club's creditors 25% of the £9m they owed. |
| However, the arrangement was dependant on the Shakers being able to play their fixtures this season. | However, the arrangement was dependant on the Shakers being able to play their fixtures this season. |
| The club were also handed a 12-point penalty by the EFL for entering into an insolvency agreement. | The club were also handed a 12-point penalty by the EFL for entering into an insolvency agreement. |
| The EFL was not satisfied Bury had provided sufficient evidence of their financial viability, so it postponed a string of the club's fixtures while it awaited "the clarity required". | The EFL was not satisfied Bury had provided sufficient evidence of their financial viability, so it postponed a string of the club's fixtures while it awaited "the clarity required". |
| The club were given a deadline to complete a sale but after the bid collapsed, they were expelled from the league. | The club were given a deadline to complete a sale but after the bid collapsed, they were expelled from the league. |
| Timeline: Bury's EFL demise | Timeline: Bury's EFL demise |