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They could be in bother. There owners are the same group that owned Worcester Rugby Club that went to the wall last week.
Last edited by SwalePie; 09-10-2022 at 10:55 AM. Reason: Fixed off topic prefix/typo
Hall Of Fame
Sounds like they've done a bit of a Bury, one minute they're scrapping to stay in the football league the following season promoted to League 1. I'd say they'll probably go the same way as Bury as the debt will be far more than anyone is willing to take on.
Hall Of Fame
Originally Posted by OP67
http://www.shrimpsvoices.co.uk/viewt...4b1914aae33da8
Hall Of Fame
£25m in debt, I rest my case.
Hall Of Fame
They'll struggle to get any ''investor'' to take on that level of debt for a club that size. Haven't all the rules governing ''admin'' changed in recent years?
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Depends on who the debt belongs to. Admin and a CVA could in theory knock that down to £2-3 million, then you have to ask, are Morecambe worth that? To a wealthy fan, probably but do they have anyone to outlay that and also bank roll them? Scary times for them
Hall Of Fame
They would be Wise to resurrect themselves under a better name and start again.
Hall Of Fame
Such a shame if they go to the wall like Bury and the rest, performing wonders at a level they have no right to be in...we all know what it's like to almost lose your club so let's hope they can get bailed out
Last edited by SwalePie; 09-10-2022 at 10:56 AM. Reason: Fixed typo
Hall Of Fame
They would be Wise to take all the right steps to accomplish that, but not necessarily in the right order.They would be Wise to resurrect themselves under a better name and start again.
Hall Of Fame
Don't know how they got to be 25m in debt. Their highest paid player now earns less than 2k pw.
Hopefully someone local with a bit of clout will buy them, as I don't see how they would appeal to somebody outside Morecambe unless a footy fanatic.
Last edited by SwalePie; 09-10-2022 at 10:56 AM. Reason: Fixed typo
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