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Consortium 'ready' to buy ailing Morecambe

Consortium 'ready' to buy ailing Morecambe

Yahoo2 days ago
London-based sports investment company Panjab Warriors have released a statement to say they are "ready, willing and able" to buy Morecambe.
The Shrimps were suspended by the National League until 20 August on Monday over failing to comply with the league's rules.
Panjab Warriors have been in talks with the club's owner Jason Whittingham for over a year and a deal had looked set to be concluded earlier this summer.
They have now said in a joint-statement with minority shareholders, the Shrimps Trust and Lizzi Collinge MP that the National League is ready to sanction the deal and "immediately lift the suspension and embargo should it be agreed".
BBC investigates takeover turmoil behind Morecambe suspension
Morecambe suspended from the National League
Morecambe owner 'not heard from' potential bidder
As it stands, Morecambe's fixture away to Boston United on 9 August, their first home game against Brackley Town on 16 August, and the trip to Scunthorpe United on 19 August, will no longer take place as scheduled.
Whittingham, who has been looking to sell the club since 2022, announced a new buyer, named as a consortium led by Jonny Cato, had been found earlier in July, but it remains unclear where that bid also stands.
Whittingham said on Sunday he had "not heard from" Panjab Warriors in the past week and talks with Cato were ongoing.
The Lancashire side, who were promoted to League One in 2021, were relegated from League Two last season - their second relegation in the past three seasons.
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