Former EFL club locked in civil war as board threatens to put club into administration TODAY if owner doesn't sell
The Shrimps were relegated from League Two last season after finishing rock bottom.
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The club issued a public statement that claimed that the Bond Group does not have the funds to meet payroll requirements.
Jason Whittingham has insisted that his intention is to sell the club to the Panjab Warriors.
However, the club statement has revealed that he is "again refusing" to sell his shares in the club.
This has put the sale of Tyson Fury 's beloved Morecambe at risk and has increased the threat to the club's future.
The board has issued an ultimatum to Whittingham for him to either sell or the 105-year-old club will have to enter administration.
The perilous position has been described as a "civil war" at the club.
A club statement read: "Following multiple meetings with Bond Group throughout the weekend and yesterday, in several of which Jason Whittingham stated once again his desire and intention to sell his shares in the club to Panjab Warriors, in line with the sale agreement reached and announced weeks ago.
"The board of directors met at 9am this morning to discuss the fact that, despite all parties apart from Bond Group doing everything possible to complete the sale yesterday, as of last night Jason Whittingham was again refusing to sell his shares in the club to Panjab Warriors.
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"Because Bond Group do not have the required funds to meet the club's full payroll commitment, despite being entirely responsible for paying wages until a sale completes and aware of that responsibility and the requirement, this means that wages cannot be paid until the sale completes.
"Panjab Warriors do have the funds available to pay all wages, and are ready to transfer these immediately, but they are not able to do so unless the sale completes and they are the owners.
Abandoned EFL stadium left to rot with pitch covered in weeds just five years after hosting final match
"As a result, we have had no choice but to issue an ultimatum to Jason Whittingham at 9:52am this morning, Tuesday 1st July 2025.
"That unless Bond Group's shares are sold to Panjab Warriors by 4pm today, the board of directors will be left with no option but to begin the process of putting the club into administration.
"We have been crystal clear in spelling out what this might mean for all staff, for the club, and for the whole community that is built around it, and we have left Jason Whittingham in no doubt as to the fact that his unwillingness to complete a transaction that he has repeatedly agreed to is the sole reason we are in this position.
"As a board of directors we will continue to do absolutely everything that we can to apply as much pressure as possible to make the sale happen before today's 4pm deadline.
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"It is now down to Jason Whittingham and Bond Group to do the right thing, and not risk the destruction of people's livelihoods, the truly wonderful football club that we love, the community that it sits at the heart of, and 105 years of proud history."
Club staff were meant to be paid on June 27 but were informed that it would be delayed.
The Panjab Warriors have been cleared by the EFL to move forward with the purchase after satisfying the stringent owner and director tests.
The club was previously sponsored by Fury as his Gypsy King brand was embroidered on the home and away shorts for the 2022-23 season.
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