London - Bury have been given extra time by the English Football League to find a new owner as the troubled third tier side fight to stave off the threat of expulsion.
The Shakers had been poised to be expelled from League One for failing to prove their financial viability.
But just minutes before Bury were due to lose their Football League status on Friday evening, the EFL announced owner Steve Dale had accepted an offer from C&N Sporting Risk.
The EFL has set a new deadline of 1600 GMT on Tuesday after receiving information to consider a request for an extension to Friday's deadline.
An EFL statement issued on Saturday said: "The EFL board met this morning in regard to Bury FC.
"Shortly before Friday's 11.59pm Notice of Withdrawal deadline, the EFL received notification that an offer for the club had been accepted and a request was submitted to extend for a further period in order to successfully conclude a sale.
"The board has fully considered the information that has been made available by C&N Sporting Risk and whilst no formal sale has been completed, despite reports to the contrary, enough credible information was presented to allow the board to agree to work exclusively with the club and C&N Sporting Risk over this bank holiday weekend in an attempt to finalise the change of control and achieve a positive outcome for Bury FC."
