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


Morecambe Football Club will go out of business on Monday unless โ€˜immediate actionโ€™ takes place, the clubs prospective buyers have said.

Panjab Warriors have been in talks to buy the club from Jason Whittinghamโ€™s 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 Morecambeโ€™s academy will cease operations by the end of the week and that the club will โ€œofficially shutโ€ on Monday.

โ€œPanjab Warriors are ready and have reached out daily to complete this acquisition,โ€ the statement added.

โ€œWe implore Jason to sign the deal immediately so that this proud club can be saved and its 105-year legacy preserved.

โ€œThe 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 clubโ€™s membership had been suspended with immediate effect until August 20 when the leagueโ€™s 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.

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