Morecambe have announced that they have reached an agreement in principle for their long-awaited sale to Panjab Warriors.

The Shrimps were facing closure due to financial issues and stopped all first-team operations after their insurance lapsed.

A statement on behalf of current owner Jason Whittingham said a sale to Panjab Warriors was intended to be completed on July 7 .

Whilst this did not come to fruition, Morecambe have revealed a new update in their ongoing saga as they look towards finalising a sale.

"Panjab Warriors and Bond Group Investments Ltd are pleased to announce that an agreement has been reached in principle for the transfer of majority shareholding in Morecambe Football Club Ltd," a statement read .

"Following constructive discussions and a shared commitment t

See Full Page