Ex-Morecambe chair 'fearful for club's existence'
Whittingham previously said terms had been agreed with Panjab Warriors with a deal set to be formally completed shortly after.The club's board of directors had stepped down with the deal still to be concluded, having previously tried to put the club into administration in early July when the deal dragged on.Despite Panjab Warriors looking set to take over Whittingham last week said an unidentified buyer had worked to pay outstanding wages as well as agreeing contracts pending the approval of a sale by the National League.The identity of the new party is unknown, and in a statement issued by Whittingham on Thursday, he said that the club were looking to complete a deal "as quickly as possible"."We can confirm that a takeover deal is near completion with a consortium of individuals headed by people with genuine football experience, to acquire Bond Group's interest in the club," the statement said., external"We can also confirm that despite speculation on the buyers' identity, nobody from the consortium has yet been named publicly and recent guesses are not accurate."The buyers have funds available to bring payments for the club up to date and we are working to conclude the transaction as quickly as possible."
Former board member James Wakefield said he was surprised the club was still in existence and, when asked by BBC Radio Lancashire how long the Shrimps could continue operating, he theorised that they could have just "days" left."I'm amazed it's still alive today. We as a board decided that the only responsible course of action was to put the club into administration and that was on 1 July, 16 days ago," Wakefield said earlier on Thursday, before the latest club statement."It's still dragging on. It's days. It's literally days. There will be payroll again quite soon and the club's not meeting its obligations at the moment, the most important of which is staff wages."But I'm amazed it's still alive quite frankly."
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