Morecambe Takeover Terms Agreed with Panjab Warriors
Lightly toasted, lightly seasoned, mostly correct.
Summary
Terms have been agreed on the protracted takeover of Morecambe by Panjab Warriors, owner Jason Whittingham says. Morecambe's MP Lizzi Collinge urged Bond Group to finalize the deal. Despite initial deadlines, the sale did not go through, leading to potential administration involvement.
Key quotes
· 3 pulledMorecambe's MP Lizzi Collinge said on Monday that Bond Group should 'get on with' the deal to sell the 105-year-old club.
The directors initially released a statement saying they would give Whittingham until 16:00 BST to sell his shares, before allowing an extra two hours after 'new information came to light'.
This second deadline passed without the sale going through and in a third statement of the day, the board said that they would be contacting administrators.
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