Agreement Reached For Takeover Of Troubled Morecambe

Morecambe's owners and prospective buyers Panjab Warriors person reached an statement successful rule complete a takeover which could prevention nan situation club.

Panjab Warriors antecedently had their takeover approved by nan EFL successful June, pursuing nan club's relegation from League Two, but a chaotic summertime has followed - pinch nan Shrimps being suspended from nan National League successful nan midst of an ongoing impasse.

"This statement reflects nan willingness of some sides to discuss successful nan champion interests of Morecambe FC, its supporters, and nan wider community. It paves nan measurement for continued stableness and a affirmative early some connected and disconnected nan pitch," nan 2 parties said successful a joint statement., external

"Final ineligible archiving will now beryllium prepared, pinch contiguous steps being taken to pass cardinal stakeholders, including nan National League and nan club's guidance team.

"Both Panjab Warriors and Bond Group would for illustration to convey each parties progressive for their patience and support during this process, and we look guardant to a caller section successful nan club's history."

The announcement comes aft nan 2 parties agreed to a mediation session this week, aft an first convention grounded to return place.

Panjab Warriors, who person been trying to return complete nan beleaguered nine for much than a year, were joined successful a abstracted bid by businessman Jonny Cato successful trying to equine a takeover.

Morecambe closed operations successful precocious July, soon aft their suspension from nan National League.

It is unclear from Thursday's connection erstwhile Panjab Warriors' takeover will beryllium finalised, however.

"We would for illustration to convey each of nan unit astatine nan nine for their forbearance and tin only apologise for nan accent this has caused," added nan Bond Group.

"I would dream that nan Shrimps fans tin now springiness their afloat support to nan nine and its travel ahead."