National League approves Morecambe takeover
The Panjab Warriors consortium has agreed a deal to take control of the football club
The National League has confirmed it's approved a takeover of Morecambe by the Panjab Warriors consortium.
Officials say the plan is for the football club to return to action against Altrincham in six days time.
Morecambe will remain under a transfer embargo until all payments due to be made to creditors have been completed.
Full statement from the National League
The National League can confirm its acceptance of the takeover of Morecambe Football Club.
The National League can confirm that following a meeting of their Club Compliance and Licensing committee earlier today, the takeover of the Club by the consortium known as Panjab Warriors Ltd has been approved.
The suspension of Morecambe FC will therefore be immediately lifted on receipt of the signed Sale and Purchase agreement.
However, the transfer embargo will remain until all football creditors, including players, staff and HMRC have been paid and payments due under the Sale and Purchase agreement have been satisfied.
It is the intention for Morecambe's first National League game to be on Saturday 23 August at home against Altrincham FC.
The National League would like to welcome the new owners and to thank everybody involved in helping to secure the future of the Club and reaching this point.