Morecambe put up for sale by owner Bond Group Investments They add they will only settle for the right buyer "with the right ambition for the future of the Club.". its owners, Bond Group Investments, had put the club up for sale in September 2022, with directors Jason Whittingham and Colin Goldring . READ MORE: Tyson Fury's energy drink sales rise 300% after John Fury labels Prime 'grotesque'. Morecambe FC - Port Vale: Live Stream & on TV today The Shrimps then went on a run of four wins in all competitions, including a 20 victory over Barnsley in the League Cup. [3], On 17 July 2007, Morecambe announced plans to move to a new stadium in time for the start of the 200910 season. Fury, who lives in the town and has previously invested in Morecambe, did enter talks with regards to a purchase in late 2022 before opting against buying the club. Confusion over who owns Morecambe Football Club An agreement between Johal and current majority shareholders Bond Investments Ltd - owned by businessmen duo Colin Goldring and Jason Whittingham - is in place with the deal now just awaiting EFL approval. ", Related Story:Morecambe FC co-owners' rugby club woes will have "no impact" on Shrimps - Beyond Radio. WORCESTER Warriors' co-owners are "in no rush to sell" Morecambe FC but "would consider the right offer from the right buyer". The plan was to buy it and from a business point of view turn it around because only three clubs in League Two break even and Morecambe was losing half a million a year, Whittingham said. Warriors have been in the headlines recently over a winding up petition was filed by HMRC over an unpaid tax bill. Fire officers have tackled a car fire near a motorway junction in Lancaster. contact the editor here. Advertisement Hide Ad He had been in competition with Fury to buy Morecambe, with the heavyweight world champion boxer offered the chance to buy the club last year. "Sarbjot told us of his ambitions for the club, subject to approval from the EFL, which are aspiring and would involve significant investment both on the pitch and off it. Nicknamed "The Shrimps due to the coastal town's local speciality food, the club have played home games at the Mazuma Stadium since moving from their original home at Christie Park in 2010. Morecambe FC on Twitter: "Morecambe Football Club can confirm that the The board functions exceptionally well, almost independently of Bond Group as owner of the club after the Covid-19 lockdown, and they have our absolute trust. The Rugby Football Union suspended the club from all rugby competition. He sponsors the club and owns the training pitches next to the stadium. The Shrimps Trust was officially set up in 2017 as a voice for Morecambe supporters. Sharing grounds with Morecambe Cricket Club at Woodhill Lane during the first season, football proved popular, with crowds in excess of 3,000 for derby fixtures with Lancaster City and Fleetwood Town. Among other events, the season saw the club face two Premier League sides in various cup competitions, falling to Newcastle United[12] in the third round of the EFL Cup and to Chelsea in the third round of the FA Cup at Stamford Bridge;[13] the latter equaled their furthest run in the FA Cup since the early 2000s. Whittingham, 48, said Morecambe were in a financial mess when they first got involved in October 2017 but now expected the club to break even. Speaking to talkSPORT in October 2022, Fury - who owns all of the training facilities at the League One club - revealed that he had been offered the chance to buy the club: "Ive been offered to buy Morecambe Football Club. Picture: GEOFF BERKELEY. 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In order to use the live chat functionality you need to opt into live chat cookies. This is being done while we prepare the Club for sale and want to ensure that the Club is ready for the transition from our time as owners. [15], Adams resigned three days later, with the club stating that he had left "to pursue an opportunity elsewhere,"[16] which proved to be the managerial job at Bradford City. A takeover of League One side Morecambe FC could be near, according to the club's co-chairman, Graham Howse. Football Morecambe's would-be owner claims he will submit EFL application to complete takeover Sarbjot Johal has reportedly insisted he is ready to press on with a planned takeover of. Diego Lemos, the football agent from Brazil who was unveiled as Morecambe FC's new owner at the time, was then director of G50 Holdings. Featured Image Credit: Instagram/mrsengh, Topics:.css-wpf514{color:#72B97D;}Tyson Fury, Boxing, League One, Bournemouth go 1-0 up vs Arsenal after 9.11 seconds with kick-off routine 'glitch', Fans think Erling Haaland is treating Premier League games like charity matches, Man City star Erling Haaland 'charges 40 yards' for scrap with Dan Burn after challenge on Jack Grealish, It took Phil Foden 15 minutes to dance through Newcastle's entire defence, he's officially back, Fans cant believe this South Sudan goalkeeper is only 18 years old, Oleksandr Zinchenko tipped to win Premier League 'Player of the Season' award, Fans claim Saudi Pro League is 'scripted' after Cristiano Ronaldo and Martin Campana's 'bizarre' one-on-one encounter, in a statement posted to the club's official website, the Lancaster Guardian reporting that Johal's businesses - Vitanic Limited and Lovely Drinks - do not have adequate funding for such a deal, Tyson Fury places huge bet on brother Tommy knocking out Jake Paul, Tyson Fury loses huge bet despite brother Tommy beating Jake Paul, Tyson Fury Keeps It Real With Explanation On Why He Will NEVER Be Lured Out Of Retirement By Money, Tyson Fury calls out Francis Ngannou for cage fight with Mike Tyson as referee. I am, along with Sarbjot, keen that the process should now move on at pace to come to a positive conclusion.. They literally don't care about their members and will happily . (3.4.0) - All external content remains the property of the rightful owner. We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. If you are dissatisfied with the response provided you can He is currently awaiting the result of checks by the English Football League (EFL) before he looks to complete his takeover of the Shrimps. It was never about making fortunes out of the football club, it was about making the club sustainable so it is there in 50 years time. Representatives of the supporters' trust also met with Saidi Kawooya, also from Mr Johal's investment company Sarb Capital, and current Shrimps owner Jason Whittingham. So, who knows? Or by navigating to the user icon in the top right. Registered in England & Wales | 01676637 |. In an update on the clubs website he intimated that 20-year-old entrepreneur Sarbjot Johal is in pole position to take control. But we confirmed we wanted to buy Warriors before we even bought Morecambe. This website and associated newspapers adhere to the Independent Press Standards Organisation's PHOTO CREDIT: Handout - Entrepreneur India. A Gannett Company. They lost to Hereford 43 on aggregate, but McIlroy was appointed on a permanent basis in May 2006. Free heritage skills training courses will be held in Lancaster this month as part of the Lancaster High Streets Heritage Action Zone. Morecambe previous match. But the latest update indicates that drinks tycoon Johal is likely to emerge as the new owner. [21] Goalkeeping coach Barry Roche served a game as caretaker manager before Adams returned as manager on a deal lasting until June 2023. Sarbjot Johal, a 20-year-old businessman, has been provisionally. As always you can unsubscribe at any time. [23], In October 2022, Adams voiced worries about the future of the club; its owners, Bond Group Investments, had put the club up for sale in September 2022, with directors Jason Whittingham and Colin Goldring (both associated with the collapse of Worcester Warriors rugby union club) stepping down from the Shrimps' board. Note: Flags indicate national team as defined under FIFA eligibility rules. You might be looking at a football club owner.. A man has died after a road traffic collision in Bolton-le-Sands. Bond Group will continue to own and support the board as the majority shareholder until the club is sold. This caused a feud between long-time friends Harvey and McIlroy which has not been reconciled to this day. "Everyone said we were mad for buying before that decider match, but wed already bought into the Clubs culture and could see the passion that everyone in Morecambe had for the Club. Alternatively, please email ifollow@efl.com - note that live chat is recommended for the quickest response on a matchday. Jim Bentley's second season began with a 30 win over Exeter City. A call to have Worcester placed into administration so a takeover deal can be reached has so far been rejected by the owners. Latest News - Morecambe Living On The Edge Of The Night (new single). Everyone said we were mad for buying before that decider match, but wed already bought into the clubs culture and could see the passion that everyone in Morecambe had for the club. Thats where I met Jason and we struck a chord very quickly. The Board functions exceptionally well, almost independently of Bond Group as owner of the Club after the Covid-19 lockdown, and they have our absolute trust. The pair have owned Morecambe since May 2018 and also took control of Worcester Warriors in the West Midlands in the following year. They also finished the 200809 season in 11th, this time with 63 points. We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. The takeover comes in the same week as Premiership Rugby agreed a 200m investment with former Formula 1 owners CVC Capital Partners. During the 201617 season, Bentley received a two-match touchline ban and was fined 1,000, though Morecambe fans paid the fine.[9]. Morecambe put up for sale by owner Bond Group Investments Bond Group Investments have owned the club since 2018. Mr Johal has already bought equity in the club, which has been up for sale since autumn 2022. "As part of the due diligence process, we would expect the EFL to clarify the source of the investment funds given that this information is not publicly evident from the results of Sarb Capital, its group and associated companies. Johal was born in Gravesend, Kent, to an immigrant Sikh family in 2002. We arent in a rush to sell and will make sure we take the time to find the right buyer with the right ambition for the future of the Club. It is understood that Fury went ahead and engaged in talks with the club's directors with a view to buying his local club, however, he opted against doing so, with Johal - who already had an equity stake in the club - seizing the opportunity instead. Everyone thinks that we owned Morecambe for a while, that we are football guys and then bought into a rugby club. It sounds more glamorous than it was as I was away from my wife and I wanted to be back home. A spokesperson for the Bond Group said they now "look back with pride at what the Club" under their stewardship - highlighting the club's spot in spot in League One as a particular success. Let us know in the comments section below. Icons from Lancaster radio station The Bay were reunited at a special event to mark 30 years since its launch. Sarbjot Johal. This followed concerns raised by other sources over the financial viability of the drinks entrepreneur's possible buy-out of the League One club. To make sure you never miss out on your favourite NEW stories, we're happy to send you some reminders, Click 'OK' then 'Allow' to enable notifications, .css-1diosym{color:black;}@media (prefers-color-scheme:dark){.css-1diosym{color:#fff;}}Published11:20,07 February 2023 GMT@media (prefers-color-scheme:dark){.css-jirzs7{color:#72B97D;}}| Last updated11:20,07 February 2023 GMT. Who's Who - Morecambe Sarbjot Johal, a 20-year-old businessman, has been provisionally selected as the new owner of the League One club, subject to approval from the Football League. "I agreed to stay on while the acquisition has taken place," said Bolsover. Get latest scores and headlines sent straight to your phone, sign-up to our newsletter and learn where to find us on online. Club Statement - News - Morecambe The curious case of Morecambe FC, Tyson Fury and a bust rugby club The main away end stand does not have any seat neither does the home end or the north stand in the ground. The Shrimps failed to beat Accrington in 16 attempts after their 2007 promotion to the Football League before Aaron Wildig's goal gave them a 10 win over their rivals in August 2015. So I was thinking I invest X amount of millions in them. The decision to allow Johal to take charge of the club has come under scrutiny, with the Lancaster Guardian reporting that Johal's businesses - Vitanic Limited and Lovely Drinks - do not have adequate funding for such a deal. Morecambe News, Scores, Stats, Rumors & More - ESPN If you have a complaint about the editorial content which relates to "It is now the right time for us to move on and hand over the Club to the next owner, that we know can take the Club to the next level. They finished the season in fourth place, qualifying for the playoffs, where they lost 72 on aggregate to Dagenham & Redbridge. "We would like to thank Bill for his contribution since he first joined the Board six years ago," said Whittingham. HP10 9TY. READ MORE: Kompany has delivered transfer window for the ages as buoyant Burnley aim to deliver on potential, Despite acknowledging the need for a new owner, current bosses say they are in no rush to make a final decision at this stage. for the 2016-17 season - the losses came after the club reported a pre-tax profit of 14.3m a year before after the club's owners wrote off loans worth 20.4m. Colin Goldring and Jason Whittingham jointly run Warriors and the League Two outfit with the same goal of making the two clubs sustainable. Peterborough United are the visitors to the Mazuma Stadium on Saturday 18 February, 15:00 KO. I then went to London in 1996 and got into a retail career. The Club is self-funding and is well managed thanks to the great work by the staff and the exceptional support of the fans, who are the lifeblood and beating heart of any club. Attendances fell from a creditable 2,000 plus to a miserable 200 minus, with a visible decline in the club fortunes during that period. Read full article. Sarbjot Johal is eager to start the project to take the Club on to a new level, subject to satisfactorily navigating the EFL Owners and Directors test. A public consultation has been launched on plans to build a link road between South Lancaster and the M6. However, on his first day back as manager of Morecambe, Harvey was sacked by the club and McIlroy was appointed as permanent manager with Mark Lillis as his assistant. However, in 198586, signs of improvement appeared; the club's league position improved, and success in cups came as well over the next few years. World heavyweight boxing champion Tyson Fury has dealt a knockout blow on shocked litter louts in Morecambe. Read full article Sponsors @InvestecWin The club then took its place in the Lancashire Combination League for the 192021 season. I played union at school and then league up north.. A few years later after the purchase of the ground by the then-President, J.B. Christie, the ground's name was changed to Christie Park in his honour. The EFL and Sarb Capital are yet to make any comment. Morecambe's current owners Jason Whittingham and Colin Goldring from Bond Group . Our attentions have been elsewhere, and the board have more than proven their ability and dedication to the club. We look back with pride at what the club has become in the years of our ownership it doesnt feel like four-and-a-half years since when we took over with one game left of the season and the club's future in the EFL uncertain. Work did not commence on the proposed site until spring 2009, with an anticipated completion date of summer 2010.[4]. Businessman Sarbjot Johal has all but completed his takeover of Morecambe, with the club confirming his purchase has been finalised subject to being approved by the EFL, For the latest from the pitch sign up for our football newsletter. Fire officers have tackled a car fire near a motorway junction in Lancaster. We have absolute trust in the current board of directors to run the club, with Bond Group still supporting the board as majority shareholder. Two years later he developed Vitanic Grape Cocktail 0.0% Alc. Bond Group will continue to own and support the Board as the majority shareholder until the Club is sold.