Morecambe Secures Funding from New Owners Panjab Warriors

Morecambe Secures Funding from New Owners Panjab Warriors

Morecambe Secures Funding from New Owners Panjab Warriors

Morecambe Football Club has announced that it has received funding from its new owners, Panjab Warriors, to cover outstanding wages and debts to football creditors.

The takeover by Panjab Warriors was finalized on Sunday, following a challenging summer that saw Morecambe suspended from the National League.

In a statement released on Monday, the club confirmed that the funds would also be used to settle all liabilities to His Majesty's Revenue and Customs (HMRC).

The club indicated that all wages, liabilities, and debts to football creditors would be addressed by Wednesday.

Panjab Warriors expressed that while their initial goal was to compete for promotion back to the English Football League (EFL), the recent events and circumstances have created challenges for achieving that this season.

“Our priority this season is to ensure we have a competitive team on the pitch, to rebuild the foundations behind the scenes, and to develop processes that will enable us to compete for promotion in the following season and beyond,” the group stated.

The Shrimps had to postpone their first three matches due to their suspension from the National League, but the league has since cleared them to commence their season, with a home match against Altrincham scheduled for Saturday.

A transfer embargo had been imposed until all football creditors—including players, staff, and HMRC—were paid, but the club has stated that this embargo will be lifted once these outstanding debts are resolved.

This deal concludes Jason Whittingham's ownership of Morecambe, which began in May 2018, and comes nearly three years after his Bond Group initially put the club up for sale.

“Everyone at the club would like to thank Jason and wish him the very best for the future,” Panjab Warriors added.

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