Morecambe FC crisis: Lifeline for Shrimps as buyers "ready, willing and able to proceed"

Morecambe FC

Further talks have taken place with would-be buyers of Morecambe Football Club in efforts to save the Shrimps.

A joint statement from Panjab Warriors, minority shareholders represented by Wright and Lord Solicitors, the Shrimps Trust fans' group and Lizzi Collinge, Morecambe MP, came out on Tuesday.

This said: "Following detailed discussions yesterday and today, Panjab Warriors are now ready, willing and able to proceed with the purchase immediately.

"The funds required to clear the necessary liabilities would be met forthwith.

"This would see the payment of all outstanding wages and other immediate liabilities to allow the club to prepare for the season and lift the club’s suspension and embargo from the National League.

"The National League are aware and ready to sanction the deal and immediately lift the suspension and embargo should the sale proceed."

Beyond Radio has contacted Panjab Warriors today for comment.

On Monday, the National League suspended Morecambe, until at least August 20.

The suspension will affect at least the first three league games of the new season for the crisis-hit Shrimps.

The league said they would meet again on August 20 to "decide the club's ability to retain membership in the competition", and also said the Shrimps would be removed from the National League Cup for the season.

The decision came after the National League said they "continue to have serious concerns surrounding Morecambe Football Club" and "the club's ability to meet its financial obligations for the 2025/2026 season".

There has been mounting pressure on Jason Whittingham of Bond Group Investments, owners of Morecambe FC, to complete the sale of the club, since June, when Panjab Warriors were given clearance by the EFL (English Football League) to complete a takeover.

The club has been up for sale since September 2022.

Mr Whittingham said on Sunday that "they had agreed to an offer, made by a representative of, and on behalf of, the Panjab Warriors, and are ready to sell on that basis".

"Despite numerous attempts over the past week to contact Panjab Warriors regarding their offer, and our willingness to complete, we have not heard from them.

"We now urge the Panjab Warriors to make contact in an effort to complete on the sale."

On Monday, Wright and Lord Solicitors, representing minority shareholders who had threatened Bond Group and Mr Whittingham with High Court action in efforts to force a sale, said "over the past week, it has proved impossible for anybody involved to directly reach any of the Panjab Warriors representatives".

"Without the evidential support from Panjab Warriors and their commitment to buy, any court application at this stage is futile."

Also on Monday, speaking to Beyond Radio, Tarnia Elsworth (below), chair of the Shrimps Trust, said: "We've been in touch with Panjab Warriors until the middle of last week.

"They've gone quiet. What that means, I wouldn't like to speculate.

"We plea for Panjab Warriors to get in touch. We understand it's been a horrendous and frustrating time for them with Morecambe.

"It seems the tidiest way to get this resolved, is by Panjab Warriors and Bond Group doing a deal."

Panjab Warriors, a Middlesex-based sports investment company, have been in talks to buy the club for many months.

At the start of July, Mr Whittingham was accused of "stalling" over the deal, which he denied.

On July 4, he said the long-awaited sale to Panjab Warriors would complete on July 7, but then that day, said extra time was needed for "final items" to be signed off.

Then on July 9, Mr Whittingham said a new buyer had come forward and agreements would be signed "that evening".

Panjab Warriors then threatened legal action, having invested a large sum of money into the club.

In the meantime, the board resigned twice, and Morecambe Football Club.Limited continues to operate without directors.

Staff were only paid a third of their June wages, and salaries for July - due on Monday - had also not been paid as we went to press.

Only a small number of regular first-team players from last season, now remain on the club's books, and the Shrimps remain under a transfer embargo preventing them from signing new players.

On Tuesday it was announced that Jamie Stott, Morecambe defender, had left the Shrimps to sign for Derry City.

A statement from Derry City said: "Derry City FC have today confirmed the signing of defender Jamie Stott from Morecambe.

"The 27-year old has joined the Brandywell club on an 18-month deal offering a new option as a left-sided centre-back.

"Jamie (Jay) was voted Players’ Player of the Season at Morecambe for the season just past."

Morecambe were due to play Lancaster City in a pre-season friendly tonight, but the game was called off following the news of the Shrimps' suspension from the National League.

Andy Baker, City chairman, said on Tuesday: "Following the unfortunate cancellation of our fixture against Morecambe, we're reaching out to appeal to your generosity and continued support.

"The expectation of hosting the game led to a number of unavoidable costs, which we will now be unable to recover and also a significant loss in income.

"We fully understand that all supporters are entitled to a full refund for tickets purchased.

"However, if you feel able and willing to forgo your refund and instead donate the ticket cost back to the club, we would be immensely grateful.

"Thank you goes to the fans of both Lancaster City and Morecambe for already pledging to donate their ticket cost and thank you, as always, for your incredible support."

Meanwhile, the Morecambe FC club stadium remains open and will host a 'Junior Reds' event for young Shrimps fans on Tuesday from 6pm to 7.30pm.

Young fans aged seven to 14 are welcome for fun and activities in the club's JB's Bar.

 

MORECAMBE FC CRISIS: TIMELINE OF EVENTS SO FAR

Friday June 27: The Morecambe FC board of directors reveal that the planned sale of the club to Panjab Warriors is on the brink of collapse, just weeks after the prospective new owners gained clearance from the English Football League (EFL) to proceed with a takeover. The board said owners Bond Group Investments were "considering reneging on the deal". Players and staff at the club were due to be paid their monthly salaries, but hadn't received the money from the owners.

Tuesday July 1: The board gives Bond Group an ultimatum, sell to Panjab Warriors or the club faces being put into administration. By this point, staff have been paid around a third of their wages.

Wednesday July 2: Jason Whittingham denies "stalling" over the deal, says he still intends to sell but that "any transfer of shares (has to be) done in a way that holds no recourse for either the club or Bond Group". He says he intends to "resolve the matter of staff salaries" and wants to "avoid administration at all costs". As such, he says he has begun the process of dismissing the board. All five board members - co-chairmen Rod Taylor and Graham Howse, and James Wakefield, Charles Appleyard and Mick Horton - are terminated as directors at Companies House, although minutes of a Shrimps Trust meeting reveals all five had resigned before this.

Thursday July 3: Lizzi Collinge, MP for Morecambe and Lunesdale (below), says in Parliament that the club is "in crisis". Both she and Lisa Nandy, Secretary of State for Culture, Media and Sport, call on Bond Group to complete the sale. In a further statement, Jason Whittingham says "work continues to complete the sale process and give Morecambe Football Club the fresh start the club and its community deserve". Sponsors Bay Camera and Communications Ltd say they will stop sponsoring the club until it is sold.

Friday July 4: Mr Whittingham says the long-awaited sale will complete on Monday July 7 and that final terms have been agreed with Panjab Warriors. The board of directors, he said, have been invited back to "support the final stages of the sale process". The five directors are then reappointed. The Shrimps Trust said they had spoken to Kuljeet Singh Momi of Panjab Warriors, who confirmed an agreement had been reached. But, said the trust: "If a deal is indeed agreed, we do not understand why it needs the weekend to complete."

Monday July 7: Mr Whittingham says the sale will not complete on Monday as extra time is needed for "final items" to be signed off and "it’s likely we will need tomorrow to complete the sale.’’ In response, the board of directors resign again. Mr Whittingham also says there has been "a campaign of abuse" against him and his family on social media and this has "put off at least two potential buyers" of the football club.

Tuesday July 8: Panjab Warriors say everything is ready for them to take charge and accuse Mr Whittingham of holding the club hostage. As the new Football Governance Bill passes through the Commons, Lizzi Collinge (below) calls on the Morecambe FC owner to "sign the damn paperwork". Morecambe beat Longridge 2-1 in their first pre-season friendly.

Wednesday July 9: Jason Whittingham says a new buyer has come forward and agreements will be signed "this evening". The Shrimps Trust respond by saying that the National League had not been made aware of the alternate buyer.

Thursday July 10: Panjab Warriors say they are "currently seeking legal advice and will begin exploring all legal avenues, including action for misrepresentation and recovery of funds". Meanwhile, events and functions at the football club are having to be cancelled, including parties for primary school leavers, due to the ongoing issues.

Friday July 11: Tarnia Elsworth of the Shrimps Trust said the club was "effectively grinding to a halt". The club is, by now, under a transfer embargo preventing them from signing new players.

Saturday July 12: Panjab Warriors has raised formal complaints with the National League. They have called for an investigation - alleging breaches of the Owners' and Directors' Test (OADT) which owners have to pass to show they are fit and proper to own a football club.

Monday July 14 In an interview with 'The Ugly Game' website, Rod Taylor, former co-chairman of Morecambe, says the club has "only days left, literally days.”

Rod Taylor (right) with fellow former co-chairman Graham Howse.

Tuesday July 15: Fans club together to raise money for a treat for the playing staff, who still have not been paid in full. Morecambe defeat Hyde United 5-2 in a pre-season friendly.

Wednesday July 16: Morecambe announce their upcoming pre-season fixture against Barrow AFC on Tuesday July 22 at the Mazuma Mobile Stadium will now be played behind closed doors.

Thursday July 17: The Shrimps Trust reveal the name of a person they say that two different sources have told them is in talks over the sale. Mr Whittingham released a statement saying "recent guesses" on the identity of a prospective new buyer of the club are "not accurate".

Friday July 18: Beyond Radio and national media visit the club to speak to former directors and fans about the crisis. Mr Whittingham releases a statement saying the consortium buying Bond Group's major shareholding in Morecambe FC is "led by Mr Jonny Cato" and that "sales agreements will be completed today" with a "further announcement to follow today". No further announcement is made.

Saturday July 19: Morecambe draw 1-1 away at Marine in a pre season friendly. Panjab Warriors "express deep concern and strongly contest yesterday’s public announcement by Mr Jason Whittingham regarding a proposed sale of Morecambe Football Club to a consortium including named individual Mr Jonny Cato".

Sunday July 20: Morecambe FC announces its pre-season friendly with Barrow, scheduled for Tuesday July 22, has been cancelled.

Monday July 21: The Shrimps Trust supporters group say that "we understand that the (Barrow) fixture on Tuesday has been cancelled as the players as a group have decided not to play until the current ownership situation is resolved" and "we support their decision".

Tuesday July 22: BBC Radio Lancashire report that they've spoken to Derek Adams (below), Morecambe FC manager, who says "the players are not on strike and they all trained today at the training ground. Their professionalism has been magnificent during this difficult time. We all want this situation to be resolved and the best outcome for Morecambe Football Club." Morecambe announces their game with AFC Fylde on Saturday will go ahead.

Wednesday July 23: A group of Morecambe FC shareholders issue an ultimatum to the owner - sell the club within 48 hours or face High Court action. Wright and Lord Solicitors, of Morecambe, say a 'minority shareholder' action could be taken against Bond Group Investments and Jason Whittingham in an effort to force the long-awaited sale of the Shrimps.

Friday July 25: The National League gives Mr Whittingham until noon on Monday to meet terms they'd outlined to him in writing. They are due to meet on Monday afternoon to "discuss possible further sanctions". 

Saturday July 26: Morecambe draw 0-0 away at AFC Fylde in a pre-season friendly.

Sunday July 27: Jason Whittingham releases a public statement saying: "Bond Group Investments has continued to work with the consortium led by Jonny Cato in their efforts to acquire the majority shareholding in Morecambe Football Club. Whilst talks are ongoing, it is clear that continual negative press statements impacting on the club, have given them cause for concern and pause. Alongside this, Bond Group had agreed to an offer, made by a representative of, and on behalf of, the Panjab Warriors, and are ready to sell on that basis. Despite numerous attempts over the past week to contact Panjab Warriors regarding their offer, and our willingness to complete, we have not heard from them. We now urge the Panjab Warriors to make contact in an effort to complete on the sale." Beyond Radio has approached Panjab Warriors for comment.

Monday July 28: The planned High Court action by a group of Morecambe FC minority shareholders, hoping to force a sale of the club, has stalled. Wright and Lord Solicitors said: "Over the past week, it has proved impossible for anybody involved to directly reach any of the Panjab Warriors representatives. Without the evidential support from Panjab Warriors and their commitment to buy, any court application at this stage is futile."

The National League suspends Morecambe until August 20.

 

TIMELINE of events from September 2022 to December 2024.

Timeline: How the Morecambe FC sale saga has dragged on for two years - Beyond Radio

 

Read more: Morecambe FC crisis: Shrimps suspended from National League - reaction - Beyond Radio

Morecambe FC crisis: Shrimps suspended from National League - Beyond Radio

Morecambe FC crisis: National League threatens "further sanctions" amid fears for future of club - Beyond Radio

Morecambe FC Crisis: High Court ultimatum as shareholders give owner 48 hour deadline to sell - Beyond Radio

Morecambe FC crisis: Pre-season match "will go ahead" amid dismay over club's future - Beyond Radio

INTERVIEWS: "Anger, frustration, sadness" - Fans unite at Morecambe FC over club crisis - Beyond Radio

Morecambe FC crisis: Owner names head of prospective new buyers of club - Beyond Radio

Morecambe FC crisis: Fans rally round to offer support to playing staff - Beyond Radio

Morecambe FC crisis: "Club effectively grinding to a halt" - Beyond Radio

Morecambe FC crisis: Panjab Warriors threaten legal action after Shrimps sale U-turn - Beyond Radio

Morecambe FC crisis: Owner announces last-minute new buyer of club - Beyond Radio

Businesses rally round to help Morecambe FC staff as wages remain unpaid - Beyond Radio

Morecambe FC owners-in-waiting say club is "being held hostage" over delayed sale - Beyond Radio

UPDATED: Morecambe FC takeover deal still not done as board resign for second time - Beyond Radio

Morecambe FC owner says social media ‘campaign of abuse’ has put off potential buyers of club

Morecambe FC owners say sale of club will complete on Monday

Morecambe FC crisis: Devastated Shrimps fan withdraws sponsorship until club is sold

Morecambe FC owner says "work continues to complete the sale process" 

‘Crisis point’ - Morecambe FC owner sacks board of directors as administration row rumbles on

Administration threat as Morecambe FC owner given sale ultimatum

'Where is the money?' Morecambe FC sale on brink of collapse after wages delay

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