Sold

[Hodgie1978]

This is more than a business venture; it’s a commitment to the fans, the town, and the future of Morecambe FC,” said Gurpreet Singh, Head of Communications for Panjab Warriors. “Our aim is to build upon the club’s rich heritage, ensuring stability and fostering unity across all parts of the community. Panjab Warriors would like to extend their thanks to the club and its Board of Directors for their co-operation in obtaining EFL approval, and also to the EFL for their patience and support in getting to this stage".

[Wild Bill]

It's almost like they dug out the old script from a draw at the Mazuma. It's pretty cringworthy watching Colin and Jason from 7 years ago...

[Billy bodger]

To be fair Hodgie the Panjab guys have not been officially interviewed

Let's give them a chance at least

Which also goes hand in hand with keeping them held to account.

It’s great The Bond Group ownership looks like it’s going to end, but because of their ownership we cannot afford to be any more than sceptical/positive about yesterdays announcement of Panjab Warriors bid passing the EFL’s fit and proper ownership test. Panjab Warriors have to prove they are a totally different entity, that will take time, energy, long term commitment and as they will find out as owners of a football Club money.

Remember how things that look good can turn out bad in the end! (Especially when you see the glossy video of Witingham & Golding when they took over).

[al1]

What about the video of the fans forum when bond group took over and the one where they played on the drum at an away game? Just for old times sake

[marky No.1]

What about the video of the fans forum when bond group took over and the one where they played on the drum at an away game? Just for old times sake

I filmed Jason banging the drum at Crawley all those years ago, never saw him at a match since, Charlie has a better rhythm

[Phoenix Shrimp 2017]

https://x.com/GranadaReports/status/992091445464051712

Hmm. As I watch that now I can't help thinking what's really going through their heads as they gaze out upon the estate and spout their crap. Maybe 'Nice plot of land. How many houses can we get planning permission for on here before we parcel it up and sell it on'? Or something similar. As it turns out despite Colin being a solicitor (at the time) they obviously didn't read the legal pack well enough, as per Homes Under the Hammer's basic advice. The bit about the big patch of grass in the middle being protected by covenant should have been a massive red flag to any plans they might have had along those lines.

Anyway a change is as good as a rest so let's hope the sale goes through and just pray we have finally got owners with honourable intentions and the wherewithal to finance it.

[Billy bodger]

Banged Morecambe up good and proper totally out of time with everyone else, Re read the BOD’s open letters!

[marky No.1]

Charlie is far better

https://youtu.be/rOmSrvfJ67Y?feature=shared

[BerlinWaller]

https://x.com/GranadaReports/status/992091445464051712

Hmm. As I watch that now I can't help thinking what's really going through their heads as they gaze out upon the estate and spout their crap. Maybe 'Nice plot of land. How many houses can we get planning permission for on here before we parcel it up and sell it on'? Or something similar. As it turns out despite Colin being a solicitor (at the time) they obviously didn't read the legal pack well enough, as per Homes Under the Hammer's basic advice. The bit about the big patch of grass in the middle being protected by covenant should have been a massive red flag to any plans they might have had along those lines.

Anyway a change is as good as a rest so let's hope the sale goes through and just pray we have finally got owners with honourable intentions and the wherewithal to finance it.

They never bought the club, it was a free hit for them and they will walk away with a lot more cash than they ever put in. Without Derek and that promotion, i dread to think where we would be now.

[Keith]

Do not confuse Panjab Warriors with Punjab Warriors as I mistakenly did a short time ago.

They wouldn't deliberately be piggy-backing on such a close name association, would they?

One of Kuljeet Singh Momi's companies is 'Petronet Global Solutions', which is not to be confused with 'Petronet LNG', an Indian group that is worth US$2.1 billion, a mistake that I made originally.

Surely pure coincidence that these names are so close to much bigger & wealthier companies?

Kuljeet Singh Momi is a Director, and 'Head of Business Strategy' at 'Nexus Info Systems', a global, multi-million dollar company that provides security and surveillance systems, and is a subsidary of a larger company, based in the UAE.

Oh, hang on, no he's not. He's 'Head of Business Strategy' at 'Nexus Infosys', a 'micro-entity' with no employees and £2,674 in assets.

Good job we didn't get 'Nexus Info Systems' and the completely different 'Nexus Infosys' mixed up, that would be embarrassing!

Panjab Warriors not Punjab Warriors.
Petronet Global Solutions not Petronet LNG.
Nexus Infosys not Nexus Info Systems.

[black morse]

In answer to a query I raised I have just been informed by Tarnia of The Shrimps Trust that they were informed that the EFL approved the transaction last week before the statement on the website. The Trust believe the transfer will complete this week and have no concerns about it.

[Keith]

Panjab Warriors not Punjab Warriors.
Petronet Global Solutions not Petronet LNG.
Nexus Infosys not Nexus Info Systems.

The Trust believe the transfer will complete this week and have no concerns about it.

Well, that's good then. Did The Trust explain where the money is coming from? Or, just take it on Trust?

[vvm]

Do not confuse Panjab Warriors with Punjab Warriors as I mistakenly did a short time ago.

They wouldn't deliberately be piggy-backing on such a close name association, would they?

One of Kuljeet Singh Momi's companies is 'Petronet Global Solutions', which is not to be confused with 'Petronet LNG', an Indian group that is worth US$2.1 billion, a mistake that I made originally.

Surely pure coincidence that these names are so close to much bigger & wealthier companies?

Kuljeet Singh Momi is a Director, and 'Head of Business Strategy' at 'Nexus Info Systems', a global, multi-million dollar company that provides security and surveillance systems, and is a subsidary of a larger company, based in the UAE.

Oh, hang on, no he's not. He's 'Head of Business Strategy' at 'Nexus Infosys', a 'micro-entity' with no employees and £2,674 in assets.

Good job we didn't get 'Nexus Info Systems' and the completely different 'Nexus Infosys' mixed up, that would be embarrassing!

Panjab Warriors not Punjab Warriors.
Petronet Global Solutions not Petronet LNG.
Nexus Infosys not Nexus Info Systems.

That is a pattern that is actually really concerning.

Reminds me of this piece Martin Calladine did on him...

https://theuglygame.wordpress.com/2024/ ... boss-pt-2/

It would be reassuring to know where his money has come from because, as of yet, it has left no trail.

[Wild Bill]

Panjab Warriors not Punjab Warriors.
Petronet Global Solutions not Petronet LNG.
Nexus Infosys not Nexus Info Systems.

I suspect these names will confuse the media, who may jump to the same conclusions that MFC have been taken over by big money and not mysterious money.

[scalehallshrimp]

So are we actually in a better position,would appear not so

[Hodgie1978]

It's a tricky one.
The Trust was set up for things like this. They've met them through various meetings and seem happy with what they've heard.
When completed Panjab will answer questions.
Questions definitely need to be answered but we need to give them a chance.

[black morse]

Panjab Warriors not Punjab Warriors.
Petronet Global Solutions not Petronet LNG.
Nexus Infosys not Nexus Info Systems.

The Trust believe the transfer will complete this week and have no concerns about it.

Well, that's good then. Did The Trust explain where the money is coming from? Or, just take it on Trust?

We know that The Trust have been in regular contact with the EFL so I assume that is where the information of EFL approval came from and if the EFL have approved the transaction I think we have to assume that they have checked that PW's have the money and it's source. However, the EFL are not going to release that sort of information to the public at large,

[Wild Bill]

I suspect there's an air of pragmatism with the board and the trust. The new owners at least allow us to soldier on for another two years, whereas under Jason there was the real risk of the club going under.

[Keith]

We know that The Trust have been in regular contact with the EFL so I assume that is where the information of EFL approval came from and if the EFL have approved the transaction I think we have to assume that they have checked that PW's have the money and it's source. However, the EFL are not going to release that sort of information to the public at large,

But the Trust are answerable to us, the members, not the EFL, Panjab or the Board of Directors. If they have information which satisfies them, then it is up to them to share it with the Trust members.

Don't get me wrong, if the sale is completed, then I'm happy to give Panjab a go. But, a desire to see the back of Whittingham is not the same as blindly ignoring warning signs, without question. We were all happy when the pawnbrokers arrived at the club in the first place, because we were desperate for some stability. Now, we appear to be [potentially] falling for it again, for the same reasons.

[vvm]

I guess we don't have much of a choice in regards to giving them a chance, unless one of us wins the euromillions. It is promising that the EFL and the Shrimps Trust are happy but I won't be convinced until there is a meeting with Panjab and the fans where they can answer our burning questions. They don't need to sell us a dream, they just need to explain their plans to make the club sustainable.

[Wild Bill]

It all feels a bit deja vu to me. Still, Del Boy and Rodney took over with a 'two year plan', stayed seven, somehow got us to L1 and managed to hand us over to someone else before things went truly tits up. Maybe take the same roller-coaster again?

[CityShrimp]

It’s fair to question where Panjab are getting their money from, and that should be one of the first questions they are asked if and when the sale completes. It is possible, I would suggest, that the source of their wealth may be from abroad - that could explain why we are having trouble finding it through the usual channels of (UK) companies house etc.

There’s a pessimism creeping into this thread which again is understandable but I think this is the nature of supporting a professional football club in this day and age. We will never have complete comfort with new owners unless we become fan owned, or owned by this hypothetical ‘local consortium’ - but the reality is that we’d be destined to playing NW counties league football under that sort of ownership structure. So, pick your poison basically.

[black morse]

We know that The Trust have been in regular contact with the EFL so I assume that is where the information of EFL approval came from and if the EFL have approved the transaction I think we have to assume that they have checked that PW's have the money and it's source. However, the EFL are not going to release that sort of information to the public at large,

But the Trust are answerable to us, the members, not the EFL, Panjab or the Board of Directors. If they have information which satisfies them, then it is up to them to share it with the Trust members.

Don't get me wrong, if the sale is completed, then I'm happy to give Panjab a go. But, a desire to see the back of Whittingham is not the same as blindly ignoring warning signs, without question. We were all happy when the pawnbrokers arrived at the club in the first place, because we were desperate for some stability. Now, we appear to be [potentially] falling for it again, for the same reasons.

This was the question I raised with the Trust TODAY -

"We’ve reached the 9th of June and, so far as we are aware, the matter has not yet been finalised. I don’t see how we can be sure that the EFL have agreed to the deal going ahead as the only party to say this is the case is Panjab Warriors themselves. No back up statement from the Board. Maybe I’m being too sceptical but with the way everything has gone so far I think we all have that right. Do the Trust know anything further to confirm the EFL blessing?"

And this was the answer I received -

"Yes we have had confirmation that the EFL clearance has been given.

The statement was approved by the EFL before the Club and PW were able to publish that statement.

The clearance was given by the EFL last week.

That had to be given before parties are able to complete the final transactions.

That will happen this week, and there is nothing untoward, just the normal manner of the order things have to happen in.

No concerns our end. Think there is some over-scepticism, due to the length of time of the sale.

We have no reason to believe the club won't formally change hands in the next week or so, and that couldn't happen until the EFL clearance was given."


I didn't raise any questions regarding PW's finances as that is for the EFL to check and (though we might interested) I don't see that it is something that has to be supplied to the fans.

[John L]

I presume that the EFL haven't publicised this because we're no longer in the EFL, maybe?

[black morse]

I presume that the EFL haven't publicised this because we're no longer in the EFL, maybe?

Do they have to publicise it? Surely the only thing they need to do is inform the interested parties...seller, buyer, and club.