Morecambe FC Says Deal Agreed 'in Principle' for Sale of Club
Morecambe FC faces financial challenges and suspension but aims for stability and a positive future through the sale to Panjab Warriors, with legal steps underway.
- On Thursday, Morecambe Football Club Ltd announced an agreement in principle to sell to Panjab Warriors from Bond Group Investments Ltd.
- Following a prior failed session, mediation between Bond Group Investments Ltd and Panjab Warriors resulted in an agreement in principle, with legal documentation being prepared.
- The club hopes the agreement paves the way for stability, as Bond Group apologised for stress and thanked staff, according to their statement.
- Earlier this week, Labour Party leader Sir Keir Starmer voiced concern and urged all involved to 'do the right thing' amid the Football Governance Bill’s passage.
19 Articles
19 Articles
Morecambe saved as uncertainty over club ends following weeks of chaos
Morecambe FC have confirmed they have a deal in place for a takeover that would “secure the future of the club” after weeks of chaos and financial crisis.Sports investment firm Panjab Warriors have agreed a deal with The Shrimp’s current owners, Bond Group Investments Ltd.The two parties had previously come to an agreement over a deal in June, which had been approved by the EFL, but following the club’s relegation from League Two and the hectic …

Morecambe announce agreement in principle for sale of club to Panjab Warriors
Morecambe are currently suspended by the National League and are at risk of closure
Morecambe say agreement in principle reached for sale
Cliff Notes – Morecambe say agreement in principle reached for sale Morecambe FC has reached an agreement in principle for the sale of majority shareholding to Panjab Warriors, amid ongoing financial difficulties and National League suspension. The Bond Group, the current owners, expressed gratitude to staff for their patience and are preparing final legal documentation [...]
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