The National League has expressed "serious concerns" regarding Morecambe's adherence to its regulations and plans to "discuss possible further sanctions," according to an official statement.
The troubled club has experienced a tumultuous summer following its relegation from League Two. Despite two parties having their takeover bids accepted, no deal has been finalized. Additionally, the board of directors has resigned.
The league reported that it met with Shrimps owner Jason Whittingham on Thursday to "outline terms that must be met" by 12:00 BST on Monday. Discussions focused on the club's ability to fulfill its financial commitments for the upcoming 2025-26 season. A subsequent meeting of the Club Compliance and Licensing committee is scheduled for Monday.
Whittingham put the club up for sale in September 2022, but a deal remains incomplete. The club has fallen from League One to the National League, having been relegated in two of the past three seasons.
Panjab Warriors have been involved in a takeover attempt for over a year. The EFL approved their takeover earlier this summer after Morecambe's relegation from League Two was confirmed, yet the deal remains unresolved.
Another takeover bid led by Jonny Cato was accepted in July, but the status of both bids remains uncertain with just over two weeks until the season begins.
It has been a challenging summer for the Lancashire club. The Shrimps' board previously threatened to place the club into administration if a deal was not finalized. Whittingham dismissed the board, only to reinstate them to facilitate the Panjab Warriors' deal. However, the board resigned again when that deal stalled. Cato's "last minute" bid was later accepted, but he has not been publicly seen or heard from since the announcement.
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