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
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