Overview

• Bond Group Investments and Panjab Warriors say they have reached an agreement in principle for a majority share transfer of Morecambe FC.
• Final legal documentation will be prepared and key stakeholders such as the National League and the club’s management will be notified to complete the takeover.
• Morecambe remains suspended from National League competition after insurance lapsed and unpaid wages made its operational future dependent on a successful sale.
• The sale follows pressure from MPs and open letters from DCMS secretary Lisa Nandy and the Prime Minister urging a swift resolution to prevent a closure akin to prior league expulsions.
• Staff and players have faced mounting financial and operational disruptions during the takeover deadlock, prompting apologies from Bond Group for the stress caused.