Morecambe set to go bust on Monday if takeover deal is not signed

Morecambe Football Club will go out of business on Monday unless โimmediate actionโ takes place, the clubs prospective buyers have said.
Panjab Warriors have been in talks to buy the club from Jason Whittinghamโs Bond Group Investments and issued a statement on Thursday alongside a minority shareholders action group appealing for a deal to be signed.
The statement said that Morecambeโs academy will cease operations by the end of the week and that the club will โofficially shutโ on Monday.
โPanjab Warriors are ready and have reached out daily to complete this acquisition,โ the statement added.
โWe implore Jason to sign the deal immediately so that this proud club can be saved and its 105-year legacy preserved.
โThe fans, the minority shareholders, the community, and your own stakeholders all want the same thing: for this Club to survive.โ
The group had issued a statement on Wednesday saying that the first team has stopped all football operations as the required insurance has lapsed.
Earlier this week, the National League confirmed that the clubโs membership had been suspended with immediate effect until August 20 when the leagueโs Compliance and Licensing Committee will meet again.
Morecambe remain under embargo ahead of the upcoming season and have also been removed from the National League Cup.