Bury's fourth game suspended as EFL seek clarity on debt settlement plan

REUTERS: The English Football League has suspended League One side Bury's fourth fixture of the season after the third-tier club failed to provide evidence of a viable plan to settle their debts, the league body said on Tuesday.

Bury's first two league fixtures against Milton Keynes Dons and Accrington Stanley and their League Cup game against Sheffield Wednesday had already been suspended and now they will not be playing Gillingham as scheduled on Saturday.The club was served a notice of withdrawal of its EFL membership last month and a deadline of Aug. 23 is still in place.

"The EFL Board has suspended Bury FC's fixture with Gillingham on Saturday 17 August 2019 as it has not received the outstanding evidence required by today's 9 am deadline," the EFL said in a statement. "Clarity is still required on plans to meet the club's commitments to football creditors, payment to unsecured creditors as part of the Company Voluntary Arrangement , alongside source and sufficiency of funding for season 2019-20.

"As a result of the necessary evidence not being made available, the fixture has been suspended in accordance with EFL Regulation 28.2 and is the club's fourth game of the season not to take place as originally scheduled."The EFL also said they would take a call on Thursday on whether to suspend Bury's next fixture away at Rotherham United on Aug. 20.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tennis: Ailing Serena retires to hand Andreescu Toronto crownTORONTO, Canada: Serena Williams wept as back pain forced her out of the WTA Toronto final after just four games on Sunday, handing the title to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Tanzania mourns 69 killed in fuel tanker blastMOROGORO: Tanzania was in mourning on Sunday (Aug 11), as the East African nation prepared to bury 69 people who perished when a crashed fuel ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Cromwell E-Reit subsidiary secures 124.8m euro note issuance debt facilityCROMWELL European Real Estate Investment Trust's (Cromwell E-Reit) subsidiary, Cromwell EReit Lux Finco Sarl, has entered into a 124.8 million euro (S$193.9 million) note issuance agreement with ING Bank NV and Credit Agricole Corporate and Investment Bank. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Occidental finance chief pledges to act quickly to pare acquisition debtOccidental Petroleum Corp expects to quickly reduce the US$40 billion in debt it took on with its purchase of Anadarko Petroleum, the company's ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Some Singaporean undergrads pull out of exchange programme to Hong Kong universities amid unrestSINGAPORE — Some students at the Singapore universities who had been planning to go on exchange to Hong Kong have put their plans on hold following the outbreak of protests in the city.
Source: TODAYonline - 🏆 1. / 99 Read more »

Some Singaporean undergrads pull out of exchange programme to Hong Kong universities amid unrestSINGAPORE — Some students at the Singapore universities who had been planning to go on exchange to Hong Kong have put their plans on hold following the outbreak of protests in the city.
Source: TODAYonline - 🏆 1. / 99 Read more »