Latest news with #PanjabWarriors
BBC News
an hour ago
- Business
- BBC News
Morecambe 'stop all football operations'
The first team at Morecambe have stopped all football operations as the uncertainty around the future of the club Shrimps were suspended by the National League until 20 August on Monday over a failure to comply with the league's sports investment company Panjab Warriors, who have been in talks with the club's owner Jason Whittingham for more than a year, released a statement to say they remain "ready, willing and able" to take they have confirmed that the takeover has not been finalised and have "implored" the current owners to complete the sale.A joint statement issued by Panjab Warriors, minority shareholders, the Shrimps Trust and the local MP Lizzi Collinge said: "The first team have had to stop all football operations as the required insurance which was in place has now lapsed as payment has not been made."As a result of this escalating situation more first team players have left the club, with further players set to leave by the end of this week."
Yahoo
a day ago
- Business
- Yahoo
Consortium 'ready' to buy ailing Morecambe
London-based sports investment company Panjab Warriors have released a statement to say they are "ready, willing and able" to buy Morecambe. The Shrimps were suspended by the National League until 20 August on Monday over failing to comply with the league's rules. Panjab Warriors have been in talks with the club's owner Jason Whittingham for over a year and a deal had looked set to be concluded earlier this summer. They have now said in a joint-statement with minority shareholders, the Shrimps Trust and Lizzi Collinge MP that the National League is ready to sanction the deal and "immediately lift the suspension and embargo should it be agreed". BBC investigates takeover turmoil behind Morecambe suspension Morecambe suspended from the National League Morecambe owner 'not heard from' potential bidder As it stands, Morecambe's fixture away to Boston United on 9 August, their first home game against Brackley Town on 16 August, and the trip to Scunthorpe United on 19 August, will no longer take place as scheduled. Whittingham, who has been looking to sell the club since 2022, announced a new buyer, named as a consortium led by Jonny Cato, had been found earlier in July, but it remains unclear where that bid also stands. Whittingham said on Sunday he had "not heard from" Panjab Warriors in the past week and talks with Cato were ongoing. The Lancashire side, who were promoted to League One in 2021, were relegated from League Two last season - their second relegation in the past three seasons.
BBC News
a day ago
- Business
- BBC News
Consortium 'ready' to buy ailing Morecambe
London-based sports investment company Panjab Warriors have released a statement to say they are "ready, willing and able" to buy Shrimps were suspended by the National League until 20 August on Monday over failing to comply with the league's Warriors have been in talks with the club's owner Jason Whittingham for over a year and a deal had looked set to be concluded earlier this have now said in a joint-statement with minority shareholders, the Shrimps Trust and Lizzi Collinge MP that the National League is ready to sanction the deal and "immediately lift the suspension and embargo should it be agreed". As it stands, Morecambe's fixture away to Boston United on 9 August, their first home game against Brackley Town on 16 August, and the trip to Scunthorpe United on 19 August, will no longer take place as who has been looking to sell the club since 2022, announced a new buyer, named as a consortium led by Jonny Cato, had been found earlier in July, but it remains unclear where that bid also said on Sunday he had "not heard from" Panjab Warriors in the past week and talks with Cato were Lancashire side, who were promoted to League One in 2021, were relegated from League Two last season - their second relegation in the past three seasons.
Daily Mirror
2 days ago
- Business
- Daily Mirror
Crisis club Morecambe SUSPENDED from matches as National League release damning statement
Morecambe are stuck within the grips of a major crisis following their relegation from the Football League last summer and they will now be banned from taking to the pitch at all The National League have confirmed that they have suspended Morecambe amid the grips of a financial crisis. The organising committee of the division confirmed the decision in a statement on Monday amid growing issues for the Lancashire outfit. 'The National League's Compliance and Licensing Committee reconvened this afternoon to debate the on-going concerns surrounding Morecambe Football Club and its compliance with National League rules,' the statement read. 'Discussions regarding the Club's ability to meet its financial obligations for the 2025/2026 season have again taken place. 'It was decided further sanctions must be imposed, with the Club's membership to be suspended with immediate effect. The Club will also remain under embargo ahead of the new season. Morecambe Football Club will also be removed from the National League Cup for the forthcoming season. 'The Committee will meet again on Wednesday August 20 to determine if outstanding items have been satisfied, and to decide the Club's ability to retain Membership in the Competition.' The suspension means that Morecambe will now be prevented from playing until the next meeting of the committee which includes fixtures against Boston United, Brackley Town, Scunthorpe, Altrincham and Aldershot Town. The issues revolve around ongoing financial issues, as well as multiple failed takeover attempts. Panjab Warriors and Jonny Cato were thought to be close to a deal, only for current owner Jason Whittingham to pen a statement suggesting that they have gone silent. A club statement read: '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 Sikh 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.' Morecambe have been up for sale for nearly three years. Players and staff were only paid a third of their most recent wages, while their upcoming pre-season friendly clash with Barrow has been cancelled. Morecambe were relegated from League Two last season.
The Sun
2 days ago
- Business
- The Sun
Former EFL side SUSPENDED by National League over serious financial issues and KICKED OUT of cup competition
MORECAMBE have been SUSPENDED by the National League and KICKED OUT of cup competition amid their financial woes. The Shrimps were relegated from League Two last season as they fell out the EFL for the first time since 2007. 1 Morecambe owner Jason Whittingham took over in 2018 but has been looking to sell for the last three years. Despite bids to buy the club, a sale has still not gone through and has left the club suspended from National League competition. A statement read: "The National League's Compliance and Licensing Committee reconvened this afternoon to debate the on-going concerns surrounding Morecambe Football Club and its compliance with National League rules. "Discussions regarding the Club's ability to meet its financial obligations for the 2025/2026 season have again taken place. "It was decided further sanctions must be imposed, with the Club's membership to be suspended with immediate effect. "The Club will also remain under embargo ahead of the new season. "Morecambe Football Club will also be removed from the National League Cup for the forthcoming season. "The Committee will meet again on Wednesday August 20 to determine if outstanding items have been satisfied, and to decide the Club's ability to retain Membership in the Competition." A group named the Panjab Warriors had a takeover bid approved by the EFL in June. The board threatened to put Morecambe into administration to force through the sale. But Whittingham responded by sacking the entire board before later inviting them back to oversee the final stages of the takeover. Then just a few days later they resigned when control was still not relinquished by Whittingham. The owner then said a last-gasp bid was made by a group led by investor Jonny Cato. Fans are still waiting for a sale and legal action is being threatened by a group of minority shareholders. Rugby club Worcester Warriors were expelled from the Premiership under Whittingham's management in 2022.
