The latest update on Morecambe’s takeover emerges with a statement issued by the club after what has been a week full of twists and turns.
Morecambe owner Jason Whittingham sacked the club’s board after they threatened to place the club in administration if a sale to Panjab Warriors wasn’t completed by 6pm on Tuesday.
The board issued two statements setting deadlines for the sale, which didn’t materialise. Whittingham then dismissed the board to avoid administration and gain more time to secure the club’s future.
Morecambe, who were relegated to the National League last season, faces ongoing financial and ownership issues.
Panjab Warriors claimed to have paid £3.8m to Whittingham’s Bond Group and £630,000 to clear loans, plus a £1.7m loan to ensure the club’s survival. Whittingham denied stalling the sale and promised further updates.
Another statement has been issued, here’s the latest…
Public Statement.#UTS 🦐
— Morecambe FC (@MorecambeFC) July 3, 2025
STATEMENT:
Bond Group remains fully committed to completing a sale of the Club at the earliest possible opportunity. All actions being taken are an effort to protect the club while its sale is completed to avoid the need for administration.
Work is continuing and we still have reasonable prospects on the sale completing.
Working Capital, to pay staff and suppliers, remains on top of our agenda to ensure we maintain operations whilst we conclude a sale. We do ask Creditors to continue the incredible forbearance they have shown to date to the club.
We are doing everything possible to resolve the situation and ask fans, sponsors and the community to continue show as much support as they can for the Club and staff during this incredibly difficult period.
Any funds at the Club or coming into the club are for the Club and no one else.
Work continues to complete the sale process and give Morecambe FC the fresh start the club and it’s community deserve.
The National League have been consulted and updated on the sale process and, as they require more information and engagement with the Buyer, we would expect them to be in dialogue with them imminently regarding next season.
Bond Group has not been a part of the Board since the end of 2022 and, due to us having to source external funding, we made it clear that any budget reliant on Bond Group would need to be minimal unless others funds were sourced. A significant amount of that funding was from Panjab and also this season’s budgets were in line with confirmation of their continued support.
There are other buyers interested in the acquisition of the club however as it stands Panjab are the most advanced and so our focus remains on completion with them on the agreed deal. In an effort to achieve that we have organised a meeting for this evening and will update on that tomorrow.
We are working to avoid Administration, get staff paid and continue into next season.
Twitter users reacted amid the latest update on Morecambe’s takeover emerges with a statement issued by the club…
@HrDesert: There’s that word: imminently! Drink!
@jenhunt_: More bullshit. When are you gonna pay the staff that are continuing to hold this club together while you do nothing.. absolute vermin
@mightyquinn89: No progress since yesterday then
@MorecambeFCFeed: Whittingham: “We (…) ask fans, sponsors and the community to continue show as much support as they can for the Club and staff during this incredibly difficult period.” Shut the hell up. Of course the fanbase is supporting the staff you absolute cretin.
@keithelliott94: It says – We do ask Creditors to continue the incredible forbearance they have shown to date to the club. – This actually means don’t bother me for money 🤷♂️
@keithelliott94: It says – Work is continuing and we still have reasonable prospects on the sale completing. i think that really means it’s all going to end up Pete tong 🤷♂️
@jim_bell17: What more do you have to do to sell the club? There is no “trying” it’s all a farce. Face the consequences for the decisions you have made. Either sell the club or let it fall into administration
@tomednn: “Any funds at the Club or coming into the club are for the Club and no one else.” History shows us no one should trust this in the slightest. Just get to fuck Jason
@AlfieHi14845583: Jason is an absolute compulsive liar, don’t expect much tomorrow either
@stevejones1702: Please get it sorted quickly. Pre-season is here!
@KieranTaylor3: Literally no further along that the same shite statement released yesterday. Board 100% correct when they called you out for stalling. Tomorrow’s statement will once again just be more of the same ‘we’re trying to sell’ nonsense.
@_McCluskeyR: “reasonable prospects” don’t try too hard eh Jason you silly twat, get the funds to pay the staff what they’re owed and get the shares transferred over to new ownership asap then fuck off back under your rock
@cllrdclifford: So a page of flannel to tell us the staff still haven’t been paid in full and the takeover is still in a holding pattern. We want our club back you absolute charlatan.
#JasonOut pic.twitter.com/trvX2rVxU7
— Morecambe Hispano (@morecambe_hisp) July 3, 2025
