Morecambe announce completion of takeover

According to the organization, Morecambe has been completed by the Panjab Warriors consortium.

The National League’s approval of the ownership change on the day Morecambe were given a late start to their season.

After receiving a league suspension, the Shrimps were forced to postpone their first three games.

However, according to a meeting of the National League’s club compliance and licensing committee on Sunday, the suspension would end as soon as the paperwork related to the Bond Group’s sale to the new owners was received.

When all football creditors, including players, staff, and HM Revenue & Customs, are paid and paid, and payments made following the takeover, there will be a transfer embargo.

Due to play host to Altrincham on Saturday, Morecambe, who had been relegated from the English Football League (EFL) last season due to financial difficulties, have been scheduled for sale since 2022.

Initial approval for the Panjab Warriors came from the EFL in June. The two parties reached an agreement the following month, according to Jason Whittingham, the group’s leader, but it was not finalized.