Morecambe FC - another club in a shocking situation

[ClaretTony]

It's that bad at Morecambe that their board of directors have felt compelled to issue a statement this week.



The Board of Directors of Morecambe Football Club wish to make the following statement.

Bond Group Investments Limited, despite agreeing a sale with Panjab Warriors, giving the Board assurances for more than a year that they intend to sell to Panjab Warriors, and working with Panjab Warriors to enable them to gain EFL clearance for the acquisition to proceed on 6th June 2025, now appear to be considering reneging on the deal and attempting to engage with alternative buyers, on the same day that they have failed to provide the funds required to meet the Club’s June payroll, despite understanding exactly what that requirement is.

They have also, at the last minute, informed the Board of Directors and Panjab Warriors that they are not actually in a position to transfer their shares to a buyer without consent from an unspecified third party.

Bond Group Investments Limited are playing with people’s livelihoods, threatening the very existence of this proud club, and risking serious damage to the community it serves.

They have consistently proved to be deceitful, and the Board of Directors call upon them to, for once, do the right thing and sell the club immediately to Panjab Warriors, the only potential buyer that has passed the EFL’s fit and proper test and proved willing to engage properly with a sale process that has now been ongoing for over two and a half years.

The Board of Directors have, once again, considered resigning, and only remain in post to attempt to protect the interests of the club, staff and everyone associated with it.

[MrTopTier]

Interesting to note though that the Panjab Warriors (who are hoping to become the new owners) have already paid £3.8 million plus £630,000 to clear the debt. as well as loaning the club £1.7 million and are still not yet the owners.

Someone, somewhere is making a lot of money and to the detriment of the club.

[ClaretTony]

Another club that could just go out of business unless the current owners do the right thing.

[Woodleyclaret]

There was mention last year of Tyson Fury, a very wealthy Morecambe resident being interested in investing in the club.Maybe it's time to talk to him again.

[ClaretPete001]

Looking at the Accounts you wonder why anyone would want the club from a financial perspective.

A million loss on four million quid's worth of turnover. I hope common sense prevails......!

[Cooclaret]

There’s a lot of issues with the club and the land surrounding it that’s affecting the commercial income considerably.

That needs sorting and the club will be on a much better footing.

They play Barrow and then Lancaster on consecutive Tuesday pre season, Lancashire police are going to be busy!

[Bordeauxclaret]

4pm deadline to avoid Adminstration.

[Taffys milkman]

https://www.bbc.co.uk/sport/football/ar ... 3gp0py2vgo

[The Shire Claret]

Who would ever want to own a football club

Throwing money in the bin for a load of hassle

Hope this gets sorted

[IanMcL]

There was mention last year of Tyson Fury, a very wealthy Morecambe resident being interested in investing in the club.Maybe it's time to talk to him again.

He could be the arbitrator!

[ClaretTony]

In response to the directors, the owner at Morecambe has come back with this.


Public Statement on behalf of Bond Group Investments & Jason Whittingham.

There is no doubt that the Club is in a precarious position and is at a crisis point. We also appreciate the stress this is causing for all connected with Morecambe FC.

As majority shareholder we are making every effort to resolve any issues that have arisen and are working to protect the best interests of the Club.

Bond Group Investments has started the process to dismiss the Board of Directors with immediate effect in order that we can take control over the situation giving us the required additional time to ensure that the Club has the best chance to avoid Administration.

We hope the The Board of Directors put the interest of the club before any personal grievances and during this delicate time of negotiation to save the club, refrain from their propensity of issuing negative statements.

The notion that Bond Group Investments is stalling is not true. Bond Group Investments need to ensure that any transfer of shares, in a sale, is done in a way that holds no recourse for either the Club or Bond Group. The safety of the Club’s future is paramount.

Our focus today is to work to find solutions to resolve the matter of staff salary and the Sale of the Club to avoid Administration at all costs.

The staff, players and management team at the club have all been notified as have the National League. We will be communicating with the Supporters Trust.

We are deeply sorry for the distress and uncertainty this is causing. Our next communication will be tomorrow morning to confirm the outcome.

Thank you.

Jason Whittingham,
On behalf of Bond Group Investments