Morecambe FC have announced on their official website that the club is for sale. Majority shareholder and chairman Peter McGuigan has been in charge for 16 years.
In a statement Mr McGuigan said, ‘The club moved into a new purpose built wholly-owned stadium in August 2010 and is virtually debt free. There is an option to develop the ground further with a 30,000 square foot pitchside office block which is already 50 per cent pre-let, as well as a 50-60 room hotel adjacent to the stadium.’
Morecambe FC have announced on their official website that the club is for sale. Majority shareholder and chairman Peter McGuigan has been in charge for 16 years.
In a statement Mr McGuigan said, ‘The club moved into a new purpose built wholly-owned stadium in August 2010 and is virtually debt free. There is an option to develop the ground further with a 30,000 square foot pitchside office block which is already 50 per cent pre-let, as well as a 50-60 room hotel adjacent to the stadium.’
A recent fans’ forum was told that the FA Cup exit and match postponements had cost the club £250,000.
Manager Peter Bentley is the fourth longest serving manager in the Football League. Morecambe are currently 18th in League Two.
Any investor would have to consider the potential of the catchment area which can probably sustain a League Two club but not much more.