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Morecambe Board Call Out Owners For Insufficient Funding

Today the Morecambe FC Board of Directors put out a Club statement surrounding the insufficient funding that they have received from the owners Bond Group despite written assurances that the club would be funded until the end of the season. This will prevent them from making further moves in the January transfer market that ends in 11 days.

Once the club can demonstrate that it has the funds to run until the end of the season in May, it can continue to operate in the transfer market, but there is no evidence that those funds will be provided by Bond Group before the beginning of next month. The written assurances by Bond Group contained confirmation that funds would be received in time to recruit more players this month but that has yet to come to fruition.

A statement from the Board of Directors.#UTS 🦐
— Morecambe FC (@MorecambeFC) January 23, 2025

The Board ended the official Club Statement with: “The Board wishes to place on record that once again the Club has been let down by its owner, undermining the efforts and hard work of the manager, staff, and directors at this critical time.”

The club is yet to make any new signings this month, while both Kayden Harrack and Charlie Brown have left the club. In July, they made 15 signings following the end of their transfer embargo that stopped them from registering any new players. Morecambe are currently in the relegation zone in League Two, five points from safety. They travel to Colchester on Saturday as they aim to close the gap between themselves and Tranmere Rovers.

The statement also made mention of their recent cup success as, despite their defeat to Chelsea, it was just the fourth time that the club have made it to the Third Round of the FA Cup since 2004. Even for losing in the Third Round, Morecambe gained £25,000, which is why the lack of funding is even more frustrating for the Board.