Latest News

  • Daily Mail
  • Bury hit with 12-point deduction after agreeing CVA to secure future – ‘The old girl is safe’

Source: Daily Mail
Rate: 5 5

See the news Bury hit with 12-point deduction after agreeing CVA to secure future – ‘The old girl is safe’ from Source Daily Mail on 20/07/2019 has been updated to day with the theme on feedixo.

Bury hit with 12-point deduction after agreeing CVA to secure future – ‘The old girl is safe’

Bury will start the League One season with a 12-point deduction after entering a Company Voluntary Agreement, the EFL has announced.The Shakers, promoted last season, saw a winding-up petition over unpaid debts adjourned at the High Court last month and have now secured their future with the CVA. Getty 2 Bury are now financially safe The club, however, will kick-off the forthcoming campaign with the points penalty.“Following receipt of notice that the Company Voluntary Arrangement (CVA) has been passed in respect of Bury Football Club, the EFL can confirm that the club has now suffered an insolvency event and will be subject to a 12-point deduction,” said an EFL statement.“In accordance with EFL regulations, the sporting sanction will take effect immediately and the club will start the League One season on minus 12 points. The club has seven days to appeal.“The EFL will now continue its discussions with the club’s ownership with the aim of achieving a long-term future for the club.” Getty 2 Bury are back in League One Earlier on Thursday, Bury chairman Steve Dale revealed the cash-strapped club would be safe after agreeing the CVA.Dale, who was involved in an angry confrontation with a group of supporters during Saturday’s friendly at Nantwich Town, confirmed the news in a statement on the club’s official website.He said: “Today was a major day for our beloved club, the old girl is safe. The CVA was passed, so our future is secured, as I said I would.“We have worked tirelessly to achieve the result today...

Tags:

The news of the agency (Daily Mail) and site feedixo any responsibility in publishing it.

See the news Bury hit with 12-point deduction after agreeing CVA to secure future – ‘The old girl is safe’ from Source Daily Mail on 20/07/2019 has been updated to day with the theme on feedixo.

× ×