Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Morecambe Chairman Puts Club Up For Sale

Tue 8th Mar 2016 | Clubs Ownership

Morecambe Football Club has been put up for sale it’s been announced today.

Chairman and majority shareholder, Peter McGuigan, will begin the search for fresh investment in the League 2 side to ‘take the club forward’ after announcing his decison to the sell the North West club.

“Having been Chairman for 16 years, I feel the time is right for a new owner to take the club forward and build on a strong platform that exists today,” said McGuigan in a statement.

Morcambe moved into the Globe Arena, which it wholly owns and was built at a cost of £12m in August 2010. they are also virtually debt free.

“There is an opportunity to develop the ground further with a new office block, as well as a hotel adjacent to the stadium,” added McGuigan.

“These exciting developments will assist in securing the long-term financial viability of the club. 

“At present we are looking for expressions of interests from individuals who have the financial ability to take this club further.”

Posted by: Aaron Gourley 

Tripleplay 468 banner V2 (468x60_Animated_v2.gif)
RETURN TO LATEST NEWS SECTION
SUBSCRIBE TO THE FCBUSINESS RSS FEED
 
If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk  

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

EFL Approve Chinese Investment At Reading

Wed 17th May 2017 | Clubs Ownership

EFL approval granted as Chinese investors Dai Yongge and Dai Xiu Li take majority shareholding of club. Reading Football Club has confirmed Chinese brother and sister, Dai Yongge and Dai Xiu Li, have...

Hartlepool United Chairman Announces Resignation

Thu 4th May 2017 | Clubs Ownership

Hartlepool United’s Chairman, Gary Coxall has announced his resignation from the League Two club. The club faces relegation from the Football League for the first time in their history this...

Sam Rush Sacked By Derby County

Thu 4th May 2017 | Clubs Ownership

Sam Rush, President and Chief Executive Officer of Derby County has been sacked by the club it was announced yesterday. A brief statement released by the club read: “Derby County Football Club...

Portsmouth Enter Possible Takeover Talks

Thu 23rd Mar 2017 | Clubs Ownership

Portsmouth Football Club has confirmed it’s in talks regarding a potential takeover. In a statement released by the club, they said: “Portsmouth Community Football Club would like to...