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Bury to be deducted 12 points

Writer's picture: Andrew ZarbAndrew Zarb

Gigg Lane, Bury's football ground

It has been announced that, Bury, who gained promotion to League 1 (the third tier) last season after finishing second in League 2, will be starting next season on -12 points after they entered a Company Voluntary Arrangement (CVA). The reason for which they have been deducted 12 points is that a CVA is deemed to be an insolvency event. A CVA, is a procedure mainly adopted by insolvent businesses that want to ring-fence any historic debts and allow the limited company to keep on trading as normal. As a result, Bury will be the second club to start the 2019/20 League 1 season, which gets underway in a fortnight's time, to start with -12 points after Bolton Wanderers will also be starting the season on -12 points as they are in the process of administration.

A statement by the EFL confirming the points deduction read:

"Following receipt of notice that the Company Voluntary Arrangement (CVA) has been passed in respect of Bury Football Club, the EFL can confirm that the Club has now suffered an insolvency event and will be subject to a 12-point deduction.

In accordance with EFL Regulations, the sporting sanction will take effect immediately and the Club will start the League One season on minus 12 points. The Club has seven days to appeal.

The EFL will now continue its discussions with the Club’s ownership with the aim of achieving a long-term future for the Club."

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