Bury cling to lifeline of 35-day extension to settle debts

October 31 – Bury FC, the first English professional team to go out of business for 27 years, have been given a 35-day extension after a winding-up petition was adjourned in the High Court.

Bury’s lawyers told the court a further winding -up extension was needed to allow the club more time to settle its debts, understood to be in the region of £8 million..

But that may prove counter-productive with supporters saying liquidation would allow them to press on with plans for a phoenix club.

The club’s league membership was withdrawn in August after the owner failed to meet a deadline to provide guarantees that they were in a position to fulfil their League One fixtures.

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