“The club can confirm that it has now reached an agreement with KPM Groundworks Limited”: Morecambe update on winding-up petition and embargo
Morecambe have confirmed a second National League embargo in a month has been lifted following the filing of a winding-up petition against the club.
It had been announced prior to last Wednesday’s match against Hartlepool United that a petition had been issued against the club by KPM Groundworks.
The same day saw the National League website announce another embargo upon the Shrimps for ‘non-compliance with league financial regulations’.
That was lifted on Friday, when the club told fans that a resolution with KPMG Groundworks had been reached and the embargo subsequently lifted.
A Morecambe statement said: “The club can confirm that it has now reached an agreement with KPM Groundworks Limited in relation to the matter, including arrangements to settle the outstanding debt in full.
“As a result of this agreement, the club has provided the relevant evidence to the National League, which has confirmed that the embargo placed on Morecambe Football Club has been lifted with immediate effect.
“This outcome represents a positive step forward as the club continues to address historical matters and move towards greater stability both on and off the pitch.
“Morecambe Football Club would like to thank its supporters for their continued patience and backing during this period and will provide further updates as appropriate.”
The Shrimps had previously been placed under a registration embargo at the end of February, following what the club described at the time as a ‘payment issue relating to a commercial dispute with (former owner) Bond Group Investments.’
That was resolved on March 18, seven days before their next embargo was imposed.