Bury Could Have A £7m Takeover Completed By An International Consortium
An international consortium is ready to pay up to £7m for a complete takeover of Bury should the English Football League reinstate the club, according to reports.
The financially struggling club was expelled from the English Football League on Tuesday after their late takeover bid by C&N Sporting Risk collapsed.
But Sky Sports reports that the consortium will rescue the club if the EFL makes a U-turn on its decision.
The consortium has reportedly shown the EFL 'proof of funds' to buy the club and were in talks to complete a takeover on Tuesday.
According to Sky Sports, Bury owner Steve Dale has said that two potential buyers are willing to rescue the cash-strapped club.
But Dale, who was branded a 'disgrace' for his remarks in an interview that went viral, wants the EFL to change its initial verdict handed down to Bury.
Dale told Sky Sports that he would continue to make his case against the EFL.
But if the initial verdict isn't overturned, then he would call on other EFL clubs to support an independent adjudicator to come in and review the case.
EFL CEO Debbie Jevans said she was "absolutely devastated" that Bury were expelled from the Football League.
She continued: "I'm absolutely devastated.
"Nobody -- least of all myself or the board -- wanted Bury to get into this situation.
"I saw you on television last night, I watched the scenes from the ground and one could sit there and burst into tears because it is raw emotion -- it really is, and nobody wants to see that.
"We just had to look at ourselves and know we did everything that we could.
"People will always say you can do more. But if I look in the mirror, I know we did everything that we could."
League One now consists of 23 clubs after Bury's expulsion, with
three clubs to be relegated at the end of the season instead of four.
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Featured Image Credit: PA