Doomed 105-year-old football club could go out of business in days
Panjab Warriors, the prospective buyers, have urged current owner Jason Whittingham to sign the deal to allow the takeover to proceed and save the club.
The club's academy is set to cease operations by the end of the week, and the first team has already halted activities due to lapsed insurance.
Morecambe's membership with the National League has been suspended, and the club remains under embargo ahead of the upcoming season.
Panjab Warriors, supported by a minority shareholders action group, are ready to complete the acquisition to preserve the club's 105-year legacy.
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