C&N Sporting Risk have confirmed that they've pulled out of a deal to take over Bury ahead of the EFL's deadline to secure their future.
Bury were told that they had to complete the deal before 17:00 BST on Tuesday August 27.
But C&N Sporting Risk, the firm who were close to taking over Bury, have now confirmed that they are 'unable to proceed' with the takeover.
"As part of our due diligence, we set ourselves a list of key criteria regarding the CVA, the ground and the overall financial state of the club that had to be met in order for us to be satisfied that we have enough knowledge to proceed with the takeover," a statement read, quoted by the Manchester Evening News.