Sports investment firm, Panjab Warriors, are set to become the new majority owners of Morecambe FC.
The joint statement with current owners, Jason Whittingham and his Bond Group refers to “compromise” which considering the last few weeks is probably an understatement.
Morecambe are currently suspended from the National League, with the men’s team unable to start the new season at the start of the month. A meeting on Wednesday could determine whether they are expelled from the league altogether.
In June Panjab Warriors were given clearance by the English Football League to buy the club, with a deal set to be completed on July 7th. However, then Whittingham made a u-turn and said he was planning to sell to another consortium.
A few weeks later, there were claims that players were refusing to play until the ownership situation was resolved and Shrimps shareholders issued an ultimatum to the owner – sell the club within 48 hours of face High Court action. Morecambe FC rescue meeting cancelled due to “weak and unconvincing” excuses
Fast forward to Monday of this week and Panjab Warriors issued a statement to say that their new attempt to buy Morecambe had been thwarted when Bond Group “cancelled the meeting, providing weak and unconvincing excuses.”
In response, Whittingham stated that they had had a flurry of interest, which “includes Panjab Warriors who, unfortunately, continue to issue statements that bear no relevance to actual events, are unhelpful and quite frankly bemusing.”
READ MORE – Morecambe FC owner: Would-be buyers’ claims “bear no relevance to actual events”
Today, we appear to have a conclusion, with a joint statement from Panjab Warriors and Bond Group Investments saying they were “pleased to announce that an agreement has been reached in principle for the transfer of majority shareholding in Morecambe Football Club Ltd.”
It continued:
“Following constructive discussions and a shared commitment to securing the future of the club, both parties have agreed to a structured settlement that ensures a smooth and fair transition.
“This agreement reflects the willingness of both sides to compromise in the best interests of Morecambe FC, its supporters, and the wider community. It paves the way for continued stability and a positive future both on and off the pitch.
“Final legal documentation will now be prepared, with immediate steps being taken to inform key stakeholders, including the National League and the club’s management team.
“Both Panjab Warriors and Bond Group would like to thank all parties involved for their patience and support during this process, and we look forward to a new chapter in the club’s history.”
Bond Group Investments added:
“We would like to thank all of the staff at the Club for their forbearance and can only apologise for the stress this has caused. In particular I would like to thank Rob, Derek, Oliver and Martin for their continued professional conduct and support throughout this process and also their support for the staff and the Community.
“I would hope that the Shrimps Fans can now give their full support to the Club and it’s journey ahead.”
