Bury expelled from EFL after 125 years: updates and reaction – live | Football
After such grinding and unnecessary failures precipitating expulsion from the Football League for Bury, a 134-year-old club founded by late Victorian civic-minded chaps in 1885, there have to be inquiries, lessons learned and reforms. The English Football League has promised to upgrade its rules to prevent such an implosion ever happening again. The Labour MP for Bury North, James Frith, who has worked relentlessly to expose ugly truths and to help save the club, has called for investigations and parliamentary scrutiny.
The two modern, analytical young football men, Rory Campbell and Henry Newman, who decided not to proceed with their deadline-day proposed purchase, made clear in their statement that stronger governance is needed and the Bury wreckage was the result of “systemic failings … over a number of years”.
That appeared to be a diplomatically worded signal that they had been quite appalled by what they had found in the ruins of a stalwart EFL club. In particular, alongside the insolvency which resulted in a company voluntary arrangement (CVA) denying suppliers, HMRC and other creditors 75% of the money Bury owed them, and the still outstanding wages due to players who won promotion last season, was a mortgage on Gigg Lane which Campbell and Newman appear to have found repellent.