The EFL are refusing to rethink their decision to expel Bury FC from the football league.
That's despite lobbying from politicians and thousands of people signing a petition urging them to do so.
The Shakers after a proposed takeover bid fell through.
Before that current owner Steve Dale had failed to satisfy bosses the club was viable going forward after it signed a debt reducing agreement over the summer.
The club now likely faces liquidation something fans, staff, and players were all coming to terms with yesterday.
Bury's two MPs both wrote to the EFL yesterday saying there was another 'credible' takeover bid waiting in the wings if the decision could be revisited.
It has since been reported that was from Gustavo Ferriera, a London-based Brazilian pastor who runs a sports agency was involved in an international consortium ready to step in and save the club.
He had begged them to reconsider ahead of an unscheduled EFL board meeting which was said to have been held at midday.
The deputy leader of Bury Council Tamoor Tariq also wrote to them asking for more time saying "Bury was worth fighting for."
But earlier fans group Forever Bury confirmed the news all supporters feared saying: "We have just been made aware the EFL have refused to rescind their decision to expel Bury FC from the league.
"This is a difficult time for us all.
"However, be assured that we are looking at all of the options available at this moment in time."
MP Ivan Lewis said: "Very disappointed by EFL decision today and their failure to engage seriously with a credible plan to save the club.
"They have shown total disregard for the impact on the amazing fans+our entire town. I will be meeting fans and Forever Bury later. All options are open."
Whilst Andy Burnham said: "The EFL need to reconsider this. Surely the 71 other clubs would support if they did? If only they'd been as resolute in their application of the 'fit and proper persons test.'
The club said this afternoon they were still "astonished and in dismay" at the decision as they believed such are the resources of the potential buyer it "could have started a brand new era for the Club, seeing it go from strength to strength."
They said they were "still pursuing other options, based on the outcome of where the EFL place us."
The EFL hasn't commented so far today and hasn't responded to a request for comment from the M.E.N about their decision.
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But yesterday the EFL's executive chair Debbie Jevans said yesterday there was no process by which the decision could be appealed.
It comes after nearly 13,000 people signed a petition in just a matter of hours asking the EFL to reconsider.
The petition says: "Please sign this petition and contact your own club and supporters association and ask them to provide messages of support for Bury FC and pressure the EFL."
A the time of writing the petition, whose numbers are rocketing all the time, stood at just 12,800.
If as expected the decision stands, experts warn it is highly likely the club will fold leaving the possibility of having to start a 'phoenix' club at the bottom of the football pyramid.
The Football Association have previously said they will consider any application as it would be up to them where they began their journey back up the league.
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