Morecambe announce agreement in principle for sale of club to Panjab Warriors
Deal agreed in principle to save troubled club
- Morecambe Football Club, currently suspended by the National League and at risk of closure due to financial issues, has announced an agreement in principle for its sale.
- The deal involves the transfer of majority shareholding from the Bond Group to Panjab Warriors.
- The Bond Group expressed apologies for the stress caused to club staff and thanked them for their forbearance.
- Final legal documentation is now being prepared, with immediate steps taken to inform key stakeholders, including the National League.
- The club hopes this agreement will pave the way for continued stability and a positive future, aiming to avoid the fate of Bury, who were expelled from the EFL over financial problems.