Sunderland and League One transfer round-up: Ex-Middlesbrough man set to move on as Bury handed a potential lifeline

Bury, who face expulsion from the Football League due to financial difficulties, have been handed a lifeline.
Bury FC are facing expulsion from the Football League.Bury FC are facing expulsion from the Football League.
Bury FC are facing expulsion from the Football League.

EFL chief Debbie Jevans has reportedly confirmed the possibility of a short extension if rock-solid evidence of a 'credible' buyer is presented.

Bury's existence is on the line with the EFL threatening to end their 125-year stay in the Football League should chairman Steve Dale fail to find a buyer.

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However, according to national reports, Dale is still holding out for a sizeable personal settlement of somewhere in the region of £2million for time and alleged resources he has put in since buying the Shakers for £1 in December.

Bury FC have been handed a potential lifeline.Bury FC have been handed a potential lifeline.
Bury FC have been handed a potential lifeline.

Ex-Port Vale owner Norman Smurthwaite wants to take control of the club.

Joe Sealey – son of former Manchester United goalkeeper Les – also went public with his intentions to buy Bury yesterday.

Elsewhere in League One, According to reports, transfer-listed Peterborough United midfielder Callum Cooke is set to seal a move away, with a loan switch to League Two side Bradford City close to being finalised.

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A number of clubs have looked at the ex-Middlesbrough man, but it looks set to be the Bantams who will win the race for his signature with medical for the 22-year-old is said to be taking place today.

Also - Ex-Sunderland star Lee Cattermole has signed for Dutch club VVV-Venlo on a year-long deal.

Finally, Jack Ross confirmed Sunderland won't be signing a left-back as competition for youngster Denver Hume before Saturday's game against AFC Wimbledon at the Stadium of Light.