BURY will suffer no financial penalty after being hit with a three points deduction for fielding an ineligible player – Callum Styles – in their victory over Southend United on the final day of last season.

The points have been taken off their tally for the 2015/16 League One campaign, meaning the Shakers drop from 14th to 16th in the finishing table, dropping below Southend and Swindon.

However, teams that finish outside of the play-offs all receive the same share of the prize fund – £680,000 – given to each team at the beginning of the season.

A statement from the EFL read: “A Disciplinary Commission has ruled that Bury are to be deducted three points for fielding an ineligible player, Callum Styles, in the Sky Bet League One fixture against Southend United on Sunday, May 8.

“The club has accepted that Styles was not registered in accordance with League regulations and the points deduction will be applied retrospectively to Bury’s 2015/16 season total.

"The final divisional table for League One will be adjusted with Bury dropping from 14th to 16th place.”

Styles became the first player born in the new millennium to figure in a Football League match after coming on for the final 15 minutes of the Shakers' 3-2 win.

The highly-rated 16-year-old, who was also 30 days short of becoming Bury's youngest ever player, has since registered officially with the Shakers and is already attracting interest from a number of Premier League sides.

Styles will spend the coming season with the youth team having penned a two-year scholarship deal.

A club statement read: “Callum Styles arrived at Bury FC at the beginning of March and signed trialists papers with the club. Following a successful trial spell with the club, Callum signed as an academy player.

“However, the transfer deadline to register players with the Football League for the run into the end of the season was March 24.

"Bury FC went into the game with Southend United on May 8 believing Callum was a registered Bury FC player and admit all charges set down on the club and accept the punishment of a three points deduction as Callum completed his registration forms with the club after the deadline date of March 24."