Latest news with #clubclosure
Yahoo
01-08-2025
- Business
- Yahoo
Culture Secretary calls on Morecambe owner to sell
The culture, media and sport secretary has written an open letter to Morecambe owner Jason Whittingham calling on him to sell the club. Earlier this week the Lancashire side were suspended by the National League for failing to comply with their rules and, on Thursday, prospective buyers Panjab Warriors said in a joint-statement with the club's minority shareholders that the club would shut on Monday without a takeover. Lisa Nandy said that the incoming football regulator would look to stop situations like this arising again in the future but "will not be up and running in time to help Morecambe today". She added: "It is imperative that you act and get round the table to do so." In the most recent statement from Whittingham on Sunday, he said owners Bond Group Investments were ready to sell and urged Panjab Warriors to make contact. The sports investment company, who have been in talks to purchase the club for more than a year, released a statement on Tuesday which said they remain "ready, willing and able" to take over.
BBC News
01-08-2025
- Business
- BBC News
Culture Secretary calls on Morecambe owner to sell
The culture, media and sport secretary has written an open letter to Morecambe owner Jason Whittingham calling on him to sell the this week the Lancashire side were suspended by the National League for failing to comply with their rules and, on Thursday, prospective buyers Panjab Warriors said in a joint-statement with the club's minority shareholders that the club would shut on Monday without a Nandy said that the incoming football regulator would look to stop situations like this arising again in the future but "will not be up and running in time to help Morecambe today".She added: "It is imperative that you act and get round the table to do so." In the most recent statement from Whittingham on Sunday, he said owners Bond Group Investments were ready to sell and urged Panjab Warriors to make sports investment company, who have been in talks to purchase the club for more than a year, released a statement on Tuesday which said they remain "ready, willing and able" to take over.
BBC News
31-07-2025
- Business
- BBC News
Morecambe 'will close on Monday'
The consortium looking to take over ailing National League side Morecambe has said that the club will close on Warriors said in a statement on Wednesday that all first-team operations had stopped because the club's insurance had group and Morecambe's minority shareholders have now said the academy will shut on Friday and that, as it stands, the club will cease to operate on Monday 4 sports investment company, who have been in talks with the club's owner Jason Whittingham for more than a year, released a statement earlier this week to say they remain "ready, willing and able" to take Shrimps were suspended by the National League until 20 August on Monday over a failure to comply with the league's Thursday's statement Panjab Warriors called on Whittingham to sign the deal "immediately".Earlier this week Whittingham said owners Bond Group Investments were ready to sell and urged Panjab Warriors to make contact.
CNA
17-06-2025
- Business
- CNA
Private club 1880 Singapore closes down, says it has no funds to pay staff and suppliers
SINGAPORE: Private members' club 1880 Singapore has informed members it will close permanently on Tuesday (Jun 17) and enter liquidation. The club, located in Robertson Quay, was founded by Marc Nicholson and opened in late 2017. On Monday, its social media accounts were still promoting upcoming events. The abrupt closure comes after 1880's Hong Kong branch shuttered on May 30, less than a year after opening. In an email seen by CNA, which was sent to members late on Monday night, 1880 Singapore provided brief reasons for the closure. "Spend and frequency per visit of our members has been trending down. The company needed an injection and some efficiency optimisation," the email read. "We had three offers to invest in or acquire 1880. Anyone of these would have restored us to health and given a runway to building a global brand. "We were however, unsuccessful in getting those offers over the line. With no further funds to pay our staff or suppliers, we have no alternative but to close." The email also stated that the club's holding company 38 Degrees and operating company 1880 have been placed into provisional liquidation, with details about the liquidation process and creditors' meeting to come. When CNA visited 1880 Singapore on Tuesday morning, the entrance was blocked. A sign on the third level, where the club is located, indicated it was "permanently closed". CNA has contacted 1880 for more information. 1880 Singapore offered social events and spaces, including a restaurant, bar, spa and co-working space. Past speakers it has hosted include foreign minister George Yeo, veteran diplomats Kishore Mahbubani and Bilahari Kausikan, and the host of Netflix series Mind Your Manners, Sara Jane Ho. South China Morning Post previously reported that 1880 Hong Kong was entering liquidation with debts of about HK$20 million (US$2.5 million).
