Morecambe fans react to a surprise statement which emerged from prospective purchaser of the club, Mr Kuljeet Singh Momi on Saturday night.
There is a mix of skepticism and cautious optimism to the recent statement from Kuljeet Singh Momi, following reports of links with Sarbjot Johal, another previous hopeful buyer of the League Two side, but has since issued a statement aiming to clarify his intentions and distance himself from Johal.
Fans expressed concerns regarding the lengthy takeover process and the lack of transparency about the new potential owner’s background and motives.
Some supporters voiced their frustration, particularly highlighting the need for clearer communication from Singh Momi regarding his identity, his reasons for wanting to buy the club, and the delays in the takeover process.
This statement has left some fans feeling that key questions remain unanswered, fostering a sense of unease about the future stability and direction of the club.
Andddddd right back down to earth.
Not going to believe a word from anyone until an official conclusion is reached.
This bit in particular is the most worrying bit. Again MFC is thanking essentially a randomer for keeping the club alive. What a shambles. https://t.co/6BUsZIHXXI pic.twitter.com/nNfGzkvsvR
— 𝐌𝐨𝐫𝐞𝐜𝐚𝐦𝐛𝐞 𝐅𝐂 𝐅𝐞𝐞𝐝 🦐 #JasonOut (@MorecambeFCFeed) November 30, 2024
STATEMENT:
A statement from Mr Kuljeet Singh Momi regarding Morecambe Football Club Ltd.
On the back of our tremendous FA Cup second round victory this afternoon and, following a constructive scheduled meeting with Bond Group Investments and Mr Kuljeet Singh & Associates earlier in the week, Mr Singh would like to issue the following statement.
1. DISASSOCIATION – MR SARBJOT JOHAL
Approximately three years ago, I was introduced to Mr Johal as an emerging entrepreneur through a mutual contact. Following discussions about his proposed business ventures, my associates and I decided to support his initiatives by providing the requested funds to help launch these projects.
Over a period exceeding 18 months, we observed Mr Johal repeatedly forming new companies, ostensibly to address concerns raised by myself and my associates. However, he consistently failed to provide substantive evidence or documentation regarding the operations of these businesses or the financial investments we had made. This lack of transparency led us to halt any further funding.
After months without communication, my associates and I arranged a formal meeting with Mr Johal. During this meeting, it became unequivocally clear that our business relationship could not continue. Consequently, I instructed my accountants to investigate any links between myself and Mr Johal and to formally disassociate my name from him and his activities.
Despite completing this process by early July 2024, we later discovered that Mr Johal continued to register new companies at Companies House using my name without my knowledge or consent. This was brought to our attention in early August 2024, prompting the immediate and final termination of all ties with Mr Johal.
I categorically state that I have no current business associations with Mr Johal. Any past affiliations were terminated as of August 2024. Any assertions or implications to the contrary are unfounded and misleading. This statement serves as my formal declaration that I have no association with Mr Sarbjot Johal or any of his businesses.
2. FINANCIAL ASSISTANCE TO THE CLUB
Myself and my colleagues have been contributing to the club’s working capital since October 2023. These funds have been provided as interest-free loans to enable the football club to continue to trade properly. Our wholehearted effort to acquire the club did not start until July 2024. In addition to these loans, we have purchased equity in the company in an effort to demonstrate our on-going commitment to this unique football club and the community it serves.
We have committed to provide essential funds in the form of equity to assist the Manager, Derek Adams, to strengthen the playing squad in the upcoming January transfer window. Again, our commitment is to help the club climb the League 2 table and maintain its coveted EFL status.
3. STRENGTHENING THE BOARD OF DIRECTORS
The current BoD has worked tirelessly to ensure the equilibrium and, crucially, the survival of this proud club and its precious history. Considering all this and hearing the concerns of Shrimps supporters, the current owners, Bond Group Investments, have agreed to submit proposals for an additional two directors to join the BoD of MFC to represent our investment. The genuine hope is that this will strengthen the BoD and help to unite all parties with the best interests of the club as the driving force.
4. OUR VISION FOR THE FUTURE
As we move forward with the proposed acquisition of Morecambe Football Club, we are committed to ensuring that the club thrives both on and off the field. Our vision reflects our deep respect for the club’s history, its supporters, and its integral role within the local community.
A) Enhancing Facilities and Matchday Experience:
We aim to work closely with the Morecambe FC community to improve the club’s facilities, creating a welcoming and enjoyable matchday experience for all supporters.
B) Strengthening the Club’s Stability:
Recognising the challenges faced in recent years, we will implement a robust financial investment plan to stabilise the club and lay the groundwork for long-term success. Our priority is to restore a sense of security and confidence to Morecambe FC, ensuring a sustainable future for players, staff, and fans alike.
C) A Long-Term Vision for Generations to Come:
Our goal is to develop and oversee a strategic plan that secures the club’s position at the heart of the local community. By prioritising football and fostering a deeper connection between the club and its supporters, we aim to create a legacy that will inspire future generations of Morecambe fans.
We are passionate about building a brighter future for Morecambe Football Club, rooted in collaboration, stability, and a shared love for the game. Together, we can take Morecambe FC to new heights while preserving its unique identity and values.
Kuljeet Singh Momi
30 November 2024
Morecambe Football Club recognises the financial support from Kuljeet and his associates and, in particular, we appreciate the availability of funds for Derek Adams to strengthen the playing squad in the upcoming transfer window and enable the opportunity to plan that window with confidence.
Morecambe fans react to surprise statement from prospective purchaser of the club
Morecambe fans react to surprise statement from the prospective purchaser of the club…
@joephelan44: I’m on the pints can’t work out what’s going on but , what a club
@JLeech456: What a weird statement. Feels like this would have been better if he’d introduced himself, explained who the hell he is, why he wants to buy the club, why it’s taken so long and why he’s making this statement now. All the most important questions remain unanswered
@rooobellis: Wait what. This is very out of the blue!
@adammfc123: Just one normal day at Morecambe football club is all I want
@Caprani14: I literally couldn’t imagine a worst statement
@joeysmokey: So let me get this right they can’t pass the EFL test so they are joining the board so they can but money into club while they try and pass the EFL test ???????? Sounds so dodgy or am I wrong
@Gardi115: Why is this worded like we should all know who this guy is? This is the first official mention of him and all of a sudden he wants to add to people to the board. What do the current board think of this?
@cllrdclifford: articulate statement from or on behalf of Mr Momi, but two fundamental questions remain 1) are you rich enough to buy and sustain a football club? 2) where’s your money from? I’d add a third: if you’ve severed ties with Johal & are serious why wait until Dec to reveal yourself?
@georgemarshhh: Ahhh fuck it, Momi buy the club baby
@TheComShrimp: This statement is absolutely insane if what he says is true. Momis tricky reds!
@jayspray04: I dunno mate. Seems a bit dodgy to me.
@rooobellis: What the.
@MatthewDewey17: 🤔🤔 Very dodgy! Would be interested to know what the current deficit is the club is currently running at….
@StabbyBackilroy: Shame on you. This man, if he even exists (doubtful) is clearly in cahoots with Johal and has nothing but nefarious intentions with the club.
@tashkentterror: The plot thickens, and not in a good way for Morecambe you would think.
— Dill Buckle (@DBuckleJourno) November 30, 2024
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