BURY FC are facing up to the reality of liquidation on Wednesday after a potential buyer for the club pulled out.

In a statement on Monday evening fans’ group Forever Bury shared the news with supporters and said they would now be putting forward no defence when a winding up petition brought by HMRC is heard in the High Court.

The supporters’ trust had previously released a statement from an anonymous bidder, urging fans to keep the faith with the existence of the club in the balance after expulsion from the Football League.

That party has now pulled out however meaning 134 years of history could come to an end in a matter of days.

“We regret to inform the supporters of Bury Football Club that the interested party who has been working with Forever Bury on a proposed bid to buy the club has confirmed this is no longer a viable prospect for them,” the statement read.

“As matters have unfolded and the necessary due diligence has been undertaken, the complex, complicated and financially distressed situation at Bury Football Club has resulted in their decision to stand back from further discussions.

“Resulting from this news, Forever Bury will not now be putting forward a legal defence against the HMRC winding up petition on Wednesday 16th October 2019, as we believe there is no longer adequate evidence to suggest a meaningful case could be made.

“We will update you further as developments unfold.”

Should the club be liquidated on Wednesday, plans are already in place for the formation of a phoenix club that would re-emerge in non-league next season.

MP James Frith, who has led the campaign fighting for the future of The Shakers, vowed that whatever happened in London on Wednesday, the club would "rise again". 

He met with the FA on Friday as work begins to get Bury back in the football pyramid next season. 

"News that the credible bidder has pulled out is another blow," the Bury North MP said in a statement. 

"We await our fate on Wednesday as to whether Bury FC is liquidated. If we are, we will rise again; with the assistance of the FA who have confirmed their support already for our application to the National League system, come what may. 

"We keep the faith and keep going."