Morecambe 'will close on Monday'
Morecambe have been suspended by the National League
- Published
The consortium looking to take over ailing National League side Morecambe has said that the club will close on Monday.
Panjab Warriors said in a statement on Wednesday that all first-team operations had stopped because the club's insurance had lapsed.
The group and Morecambe's minority shareholders have now said the academy will shut on Friday and that, as it stands, the club will cease to operate on Monday 4 August.
The sports investment company, who have been in talks with the club's owner Jason Whittingham for more than a year, released a statement earlier this week to say they remain "ready, willing and able" to take over.
The Shrimps were suspended by the National League until 20 August on Monday over a failure to comply with the league's rules.
In Thursday's statement Panjab Warriors called on Whittingham to sign the deal "immediately".
Earlier this week Whittingham said owners Bond Group Investments were ready to sell and urged Panjab Warriors to make contact.