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Fans react after Morecambe speak out on ‘winding up petition allegedly filed against the club’

Fans react after Morecambe speak out on a ‘winding up petition allegedly filed against the club’ last week by Ascot & Ryley LLP.

The company, who are owned by two former directors of the Shrimps, were reportedly created in 2013 by Graham Hodgson & Nigel Adams, MFC directors, in order to purchase a plot of land and help with cashflows, as per @MorecambeFCFeed.

@MorecambeFCFeed add: “As per the second screenshot, from 2023, the land is back under MFC’s ownership.

“It is subject to balances being paid across five years, ending in 2027/2028.

“This loan is interest-free, but obviously requires the club to still actually make the payments to Hodgson & Adams.”

Now after ‘social media stories’, the club have spoken out…

CLUB STATEMENT:

Morecambe Football Club (the “Club”) is aware of stories circulating on social media relating to a winding up petition that has allegedly been filed against the Club last week by Ascot & Ryley LLP, a company owned by two former directors of the Club.

At this moment in time, the Club has not received any papers or other notification of such action and is surprised and disappointed to learn of these developments.

This relates to another legacy debt that the Club was burdened with three years before last year’s takeover by Panjab Warriors and which dates back to August 2022.

The original terms offered to the Club at that time involved a repayment schedule over five years to August 2027, which Ascot & Ryley has been seeking to change in recent months based on a ‘change of control’ clause agreed between the Club’s former board of directors and Ascot & Ryley’s owners.

The existence of such a clause was never disclosed to Panjab Warriors before or during last year’s takeover and the Club’s owners do not believe that unilaterally seeking to enforce it in this way is in the best interests of the Club or its true and loyal supporters.

Whilst the Club disputes the new repayment terms being claimed by Ascot & Ryley, it has been in recent discussions with the company in several attempts to resolve this matter amicably and in a manner which respects the terms originally agreed with the Club in 2022.

The Club has disclosed this unwelcome development to both the National League and the Independent Football Regulator and will continue to keep its supporters informed of further developments.

It will provide a further update as soon as it is able to do so and, in the meantime, thanks its supporters for their continued loyalty and support as its owners and senior management continue to do all they can to re-establish and maintain the Club’s sustainability both on and off the pitch.

Here’s how fans reacted after Morecambe release statement on an alleged winding up petition filed against the club…

@Hopey_Media:
‘Social media stories’
The winding up petition is there to see, not sure it’s a story

@MorecambeFCFeed: Fair statement, although ‘social media stories’ I don’t get – it’s on the website here – https://caseboard.io/cases/cfa11e3f-dc5a-4964-8573-784bb42d3594. Hopefully it’s all fine.

@GazPar81: Been a while since we had a statement from “the club”, was starting to get worried

@Trunkers22: Bet new managers buzzin 😅

@MFC_jordan: another day at the circus

@GrahamPark15: It’s just not going away…..

@sjlufc: Piss poor due diligence then.

@HalifaxTownSC: The grass isn’t always greener.

@CRparker88: Statement FC is back! 🙌

Phil Wallwork: You really have no idea what your doing do you?

Cj Doyle: Lakeland will be over the moon 🤣

Sean Armstrong: Surely the new manager will of wanted assurances and wouldn’t of dropped a league if there was even a slight chance.

Stephen Jarmin: Its hardly a story on Social Media is it? Allegedly is also an inaccurate description. The notice is in the Public Domain and has been since the 30th April. You also need to check your correspondence address as it seems there is an issue with you receiving official paperwork.

Robert Cranston: Are we going into another season with claims still to come to light?

Andrew Ramsay: Morecambe are a shambles of a club and I feel for the fans that have to put up with this soap opera. They deserve better.

Andy Caldy: More twist and turns

Richard Allan: They literally get served at the place of business. They can’t not have received the paperwork nor can they not know anything about it. It’s impossible. Still, they need to pony up sharpish, it’s pay or lose the club.

James Highway: Not sure it’s a story, it’s literally out there for all to see. Pay your debts or sell up. Isn’t hard. Us fans are fed up of incompetence now. Fair play for recruiting Lakeland, but that’s probably one of the only things you’ve gotten right so far other than Jim’s recruitment and bringing back Martin Thomas.

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