Bury were kicked out of the
EFL last week after 125 years and bosses say they will discuss their request to return to League Two.
Since then, the club have tried to get the decision reversed, with a PS7m takeover offer said to be on the table from elsewhere, but the
EFL have stood firm on their decision.
So let's see the
EFL carry out their due diligence properly in future and avoid losing any of our clubs.
It promised to share these findings with the
EFL "to help them with their ongoing review of football governance, which is essential for the longterm future of the
EFL and broader football family".
"In just over 24 hours, the club will have its membership of the
EFL revoked," said Appleton in a statement.
In a statement, C&N said: "We are grateful to the
EFL for the short extension they granted to us so that we could continue with due diligence, and for their acceptance of our proof of funds capable of mounting a credible takeover.
C&N Sporting Risk, a data analytics company helmed by Rory Campbell - the son of former Labour Party spin doctor Alastair Campbell - and Henry Newman, want to buy the League One club, with the
EFL announcing on Friday night that Dale had accepted an offer to sell Bury.
But just minutes before the League One side were due to lose their Football League status on Friday evening, the
EFL announced Dale had accepted an offer from C&N Sporting Risk.
Just minutes before the League One side were due to lose their Football League status, the
EFL announced owner Steve Dale had accepted an offer from C&N Sporting Risk.
On a frantic day, with Bury on the brink of
EFL oblivion, Dale has now told BBC Radio Manchester that he has agreed a deal to sell the club - with the same news also being reported elsewhere.
The club has already been given a 12-point deduction after entering into a company voluntary arrangement (CVA), which is classed as an insolvency event by the
EFL, to try to clear some of their debts and Friday's deadline for league expulsion now looms large.
EFL chief commercial officer Ben Wright said: "With the revised format now firmly established, this competition continues to go from strength to strength and the
EFL is looking forward to working with the Leasing.com team as we plot this season's journey to Wembley and move on to the next chapter of the
EFL Trophy's history."