This service is provided on News Group Newspapers' Limited's Our journalists strive for accuracy but on occasion we make mistakes. "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. Wigan Athletic's appeal against the club's points deduction has been unsuccessful.

"Bury face the points deduction as a CVA qualifies as an insolvency event under English Football League rules.Football creditors are owed £950,652, according to the proposal while unsecured creditors are owed £5,982,765, including £3.6m to Dale.Despite gaining promotion to League One last season, club staff and players experienced issues with delayed payment at the end of the 2018-19 campaign.In a statement on Bury's website, Dale said: "We have worked tirelessly to achieve the result today whilst taking a lot of flak. Wigan Athletic face relegation to League One via a "disgraceful" EFL points penalty after falling agonisingly short in their final game of the … Bury will start the League One season with a 12-point deduction after entering a Company Voluntary Agreement, the EFL has announced. A 12-point penalty was imposed on the Latics after the club entered administration last month. On 27 August 2019, the EFL announced that Bury's membership of the league had been withdrawn. "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.

Corrie's Mollie Gallagher looks very different as she takes break from filming 8 towns and cities on brink of local lockdowns as Newark added to 'watchlist' Katie Price spits out fake teeth after they fall off her ‘Bond villain’ stumps Ed Sheeran’s wife Cherry took 'unlimited sabbatical from city job to have baby’ Dad's anguished cries after son, 2, fell to his death from 9th floor window©News Group Newspapers Limited in England No. Bury face the points deduction as a CVA qualifies as an insolvency event under English Football League rules. "The EFL will now continue its discussions with the Club’s ownership with the aim of achieving a long-term future for the Club. Bury face a 12-point deduction next season after owner Steve Dale put forward a proposal to help clear some of the club's debts. "Dale put the club up for sale in April as they look to find new ownership. The Shakers now drop from 14th to 16th in last season's table. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services.BURY have been handed a 12-point deduction ahead of the League One season after agreeing a rescue plan to clear club debt.Shakers owner Steve Dale arranged a Company Voluntary Arrangement (CVA) proposal last month to see the club's football creditors paid in full.It means the club will receive a 12-point deduction ahead of the upcoming season, and have a week to appeal the punishment.An EFL statement said: "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 a company voluntary arrangement (CVA) … We have other hurdles but the main one is complete. Bury face a 12-point deduction next season after owner Steve Dale put forward a proposal to help clear some of the club's debts.In a company voluntary arrangement (CVA) proposal, seen by BBC Radio Manchester, Dale has offered to pay the club's football creditors in full.Unsecured creditors, including HMRC, will be paid 25% of what they are owed.If approved, the CVA would qualify as an insolvency event under EFL rules, which would see Bury deducted points.The proposal states that football creditors are owed £950,652 while unsecured creditors are owed £5,982,765, including £3.6m to Dale.HMRC are now owed £1m but would be paid a quarter of what they are due under the arrangement, while Dale states he will not be seeking the money owed to him by the club.The proposal requires agreement from creditors owed 75% or more of the total debts to be passed and also requires agreement from 50% of the club's shareholders.The club are set to reappear in court on 9 July at 11:00 BST to meet with creditors and agree to a resolution.Bury have experienced significant off-field problems over the past season and Dale says their troubles "turned out to be far in excess of what we could have comprehended" after he took over in December.Club staff and players have experienced issues with delayed payment at the close of the 2018-19 season that saw them promoted back to League One.An insolvent company can use a company voluntary arrangement to pay its creditors over a fixed period and, if they agree, the company can continue to trade.The company needs to apply for its CVA through an insolvency practitioner who, within a month of their appointment, will work out an arrangement to cover how much of the debt it can pay as well as a payment schedule.The creditors will then be invited to vote on the arrangement, however, the proposal must be approved by creditors who are owed at least 75% of the debt.If 75% of creditors cannot agree on the arrangement, the company could face voluntary liquidation.Get latest scores and headlines sent straight to your phone, sign-up to our newsletter and learn where to find us on online.The latest rumours and stories from around the world of football.Analysis and opinion from our chief football writer.How to get into football - the most popular sport in the world, with clubs and facilities throughout the UK.
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"Some might say our methods were questionable but we can all pass comment with hindsight, my job was to save Bury FC and that's done. For further details of our complaints policy and to make a complaint please click Comments are subject to our community guidelines, which can be viewed have been handed a 12-point deduction ahead of the League One season after agreeing a rescue plan to clear club debt Photograph: Lynne Cameron/Getty Images

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