Soccer-Bury faces expulsion as C&N Sporting Risk ends takeover bid

C&N Sporting Risk pulled out of its proposed takeover of League One side Bury FC, leaving the club in a perilous position before Tuesday's deadline to complete a sale to prevent expulsion from the English Football League (EFL). Bury owner Steve Dale had informed the EFL last weekend that he had accepted an offer from the London company.

C&N had said it was in discussions to buy the club but there remained a number of outstanding issues to be addressed. "The EFL Board has been informed that C&N Sporting Risk will no longer be pursuing their interest in Bury FC," it said in a statement.