You might be looking at a football club owner.. Bill will always be a welcome visitor to Sixways," he added in a statement. 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. [6] The Shrimps compounded this result with another upset win over a Championship side, a 31 win over Wolverhampton Wanderers on 28 August to advance into the third round of the League Cup, in which they faced a third consecutive Championship side, Sheffield United. Who would you want as owner of your club? World heavyweight boxing champion, Tyson Fury, who lives in the town, said he had been offered the chance to buy the club in October. 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. We have absolute trust in the current board of directors to run the club, with Bond Group still supporting the board as majority shareholder. The owner of a popular local Mexican food chain says the closure of their Morecambe restaurant is likely but not definite. These adverts enable local businesses to get in front of their target audience the local community. 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. The following month, the Government placed WRFC Trading Limited, the company that owned the rugby club, in administration. In September, Morecambe FC announced that Jason Whittingham of Bond Group Investments and Colin Goldring were stepping back from their positions on the board of directors, as the club was being prepared to be sold. He is the founder of Vitanic Holdings Limited, a non-alcoholic beverage company based in Birmingham. A medical student from Lancaster University has won a major accolade from the Royal Society of Medicine. So I was thinking I invest X amount of millions in them. Morecambe played their first game in the Football League against Barnet at Christie Park in August 2007, in which they played out a 00 draw to secure their first ever Football League point. I have always been someone that would try to break the mould and push myself. I grew up in a small village near Wolverhampton. Man Utd takeover bids expected next week - but Glazer family still won't be happy, Journalist who Jurgen Klopp snapped at clarifies why Liverpool boss was unhappy, Gabby Agbonlahor wants Casemiro 'arrested' and disciplined by Man Utd for red card, Sarbjot Johal has beaten Tyson Fury to buy Morecambe. "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. Morecambes current owners Jason Whittingham and Colin Goldring from Bond Group Investments, put the club up for sale in September 2022. The post-war era saw an upturn in the Shrimps' fortunes with steady progress throughout the late 1940s and nearly all the 1950s, with a visible marked improvement when in 1956 Ken Horton was appointed player-manager. The club then took its place in the Lancashire Combination League for the 192021 season. Morecambe's current owners Jason Whittingham and Colin Goldring from Bond Group . They literally don't care about their members and will happily . The Lancaster MP has raised concerns about hospital funding with the Prime Minister. Morecambe currently find themselves one point from safety down in 21st in League One after losing 5-0 away to Derby County on Saturday. Now, the Club is sustainable in League One, having done a great job of staying up last season with Derek Adams back at the helm. I started off in litigation law and moved on to doing supercar contracts and working in Monaco and Switzerland. Sarbjot, through his company Sarb Capital, has recently purchased equity in the Club, injecting more than useful income into us. A Morecambe supporters group said they have met with a businessman who wants to buy the club to raise their "concerns". twitter. Our history is in law, finance and commercial and as businessmen., READ MORE: WARRIORS OWNERS DETAIL THREE-YEAR PLAN TO BREAK EVEN. The club contests rivalries with nearby Accrington Stanley and formerly with non-league neighbours Lancaster City, along with other Lancashire clubs. The full statement is as follows: "We are today announcing that we will be stepping down from the Board of Directors at Morecambe Football Club. Free heritage skills training courses will be held in Lancaster this month as part of the Lancaster High Streets Heritage Action Zone. 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. Owner: BOND GROUP INVESTMENTS LTD Board of Directors Co-Chairmen: Mr Graham Howse and Mr Rod Taylor Directors: Mr Mick Horton, Mr Charlie Appleyard and Mr James Wakefield. Morecambe is valued in the region of 20million, but it is unclear what price Johal has agreed to pay. Advertisement Hide Ad 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. You'll have to find the ghoul in under 11 seconds, so can you do it? [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. Visit ESPN to view the latest Morecambe news, scores, stats, standings, rumors, and more 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. A takeover of League One side Morecambe FC could be near, according to the clubs co-chairman, Graham Howse. The following statement has been issued by the Clubs owners, Bond Group; We are today announcing that we will be stepping down from the Board of Directors at Morecambe Football Club. I worked in a head office doing corporate retail, mainly working with the planning of clothing ranges and accessories. A takeover of League One side Morecambe FC could be near, according to the club's co-chairman, Graham Howse. We are businessmen who were offered Morecambe first. Morecambe also defeated a few league clubs in the FA Cup, including Cambridge United in 200001 and Chesterfield in 200203. 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. The Lancaster MP has raised concerns about hospital funding with the Prime Minister. 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. A call to have Worcester placed into administration so a takeover deal can be reached has so far been rejected by the owners. 2 September 2022 Morecambe Morecambe have reached League One under Bond Group's ownership, the highest level in their history Morecambe owner Bond Group Investments has put the League One. However, this didn't last, as a poor end to the season led to Morecambe finishing 15th in League Two, still an improvement on the previous season. Birmingham-based Johal is the founder of non-alcoholic drinks brand Vitanic and also chairman of private equity firm Sarb Capital. Our attentions have been elsewhere, and the board have more than proven their ability and dedication to the club. 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. Living On The Edge Of The Night (new single). We were trying to sort out the mess (at Morecambe) when Warriors was offered to us, Goldring said. Theres an appeal for volunteers to help repair a popular Lancaster green space after it was vandalised. Morecambe FC @MorecambeFC. . its owners, Bond Group Investments, had put the club up for sale in September 2022, with directors Jason Whittingham and Colin Goldring . . 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., MORECAMBE FOOTBALL CLUB badge - Link to home. Its formation came around the time of a series of behind-the-scene crises surrounding the ownership of the club in 2016 and 2017. Copyright 2023 Proper Community Media Lancaster Ltd T/A Beyond Radio & Aiir. They, along with the rest of the board of directors weve appointed, have worked better than we could have hoped for, including the valuable, dedicated and ongoing efforts of Mick Horton, Charlie Appleyard, James Wakefield and more recently Ben Sadler. He is set to buy Morecambe through his investment firm Sarb Capital after making his money in the drinks industry. I am, along with Sarbjot, keen that the process should now move on at pace to come to a positive conclusion.". Peterborough United are the visitors to the Mazuma Stadium on Saturday 18 February, 15:00 KO. Friends of a man who went missing from Lancaster more than two months ago will gather in the area where he disappeared to help with the search for him. We have also had the pleasure of the FA Cup games against Premier League clubs, and seeing our young players come through the Academy and develop into quality footballers and people. PHOTO CREDIT: Handout - Entrepreneur India. Whilst success was only just around the corner, the foundations for the future were being built. He previously told talkSPORT: "Im thinking about buying Morecambe Football Club. "We were trying to sort out the mess (at . So, who knows? 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. As always you can unsubscribe at any time. Morecambe's defence at this time was crucial, conceding just five goals in nine games. A 20-year-old businessman has beaten Tyson Fury to buy Morecambe and will become England's youngest football club owner.. Sarbjot Johal's takeover of the League One side remains subject to Football League approval but has been confirmed by the club's chairman Graham Howse, as per the Daily Mail.He had been in competition with Fury to buy Morecambe, with the heavyweight world champion boxer . "Sarbjot was keen to impress upon us that the financial position and performance of the trading entities within the Sarb Capital group are vastly changed from the financial statements currently on public record at Companies House. [24], Table of kit suppliers and shirt sponsors appear below:[25], The Shrimps mascot is Christie the cat. 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. Morecambe FC fans meet with potential new owner to "raise concerns". 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. In April Worcester reported a pre-tax loss of 8.1m 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. Bond Group Investments Ltd will continue their support of the Board and the Club as the majority shareholder, until such a time as a new owner is found and can take the Club forwards. We have also had the pleasure of the FA Cup games against Premier League clubs, and seeing our young players come through the Academy and develop into quality footballers and people. 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. Morecambe beat Barnsley 1-0, only their second win of the season last month, but are the odds-on favourites for relegation back to League Two after a battling 1-1 draw with Derby County on Tuesday . "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. Warriors have been in the headlines recently over a winding up petition was filed by HMRC over an unpaid tax bill. The businessmen completed a takeover of Morecambe in May last year after paying off their debts. Sarbjot, through his company Sarb Capital, has recently purchased equity in the club, injecting more than useful income into us., He added: I am, along with Sarbjot, keen that the process should now move on at pace to come to a positive conclusion.. They came in, steadied the ship and helped the club to progress from afar so . A public meeting to discuss the future of Morecambe and how the town can prepare for the Eden Project has already sold out. 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. Morecambe are currently 22nd in Sky Bet League One and have been up for sale since last.
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