The club faces a winding-up petition on Wednesday.
Forever Bury have released a statement regarding talks with a potential buyer:
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.
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.