In a statement released on the official Morecambe Football Club website, it has been confirmed that the football club has been put up for sale. A brief statement released by Chairman and Majority Shareholder Peter McGuigan revealed the news this morning.
McGuigan said that he felt now was the right time for a change in order to take the club forward. McGuigan has been the club chairman for the past 16 years and said that the club are now seeking expressions of interest from individuals capable of buying the football club.
Morecambe are currently 18th in the League Two table, eleven points clear of the relegation places but 16 points away from a play off position. The Shrimps are without a win in their last ten matches.
The statement released today reads as follows:
Having been Chairman for 16 years, I feel the time is right for a new owner to take the Club forward and build on a strong platform that exists today. The Club moved into a new purpose-built wholly owned stadium in August 2010 and is virtually debt free. There is an opportunity to develop the ground further with a new office block, as well as a hotel adjacent to the stadium. These exciting developments will assist in securing the long-term financial viability of the Club.
At present we are looking for expressions of interests from individuals who have the financial ability to take this Club further. We will require a complete open book approach from all concerned to ensure the best for the Club. Any interested parties should contact Nigel Adams at the Club who is managing the process on behalf of the Board.
The club are managed by former player Jim Bentley, who has been in the role since May 2011. It remains to be seen if the new owner would bring in his own man or elect to build a club around Bentley. However it is perhaps too early to be talking about all things post-takeover at this stage.
