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Morecambe 08:34 - Aug 28 with 4026 views

Morecambe football club take out mortgage loan secured on club stadium. Morecambe are owned by same people who own Worcester Warriors Rugby Club, who have financial difficulties at present, owing money to HMRC & have been accused of asset stripping. Are the two issues related? pic.twitter.com/3smQaFkCmH
— Kieran Maguire (@KieranMaguire) August 28, 2022

This looks like an interesting / worrying development for then...

Morecambe on 10:43 - Aug 28 with 3673 views

DySporting

I've friends who follow Worcester. This is worrying for Morecambe if they do the same - The owners at the rugby club have sold the car parks to another company owned by themselves for £50k - true value £1 million- they've done the same with the training ground. The owe £6 million to HMRC and are looking at administration at best. The owners are heavily linked to housing development. Asset stripping most definitely.

Morecambe on 11:08 - Aug 28 with 3583 views

DaleiLama

Thank goodness they have the EFL there to protect their interests.

Oh

	Up the Dale - NOT for sale!
Poll:	Is it coming home?

Morecambe on 12:15 - Aug 28 with 3434 views

EllDale

I believe that the rise of Worcester through the leagues in rugby union and the building of a new stadium was down to having as a benefactor the guy who owned the Worcester boiler manufacturing company.
Once he’d left the scene it looks like things took a turn for the worst.
There are all sorts of rumours about a massive list of creditors such as hotels, coach operators etc.
All very Bury-seque.

Morecambe on 13:47 - Aug 28 with 3211 views

DySporting

Debts in total 20 million plus. Benefactor died and the new owners bought the lot at a cut down price

Morecambe on 13:50 - Aug 28 with 3208 views

NorthernDale

I get the impression if it was not due to the hard work of the trust, fans and the directors, that could be us. I hope that things work out for Morecambe and their fans.

[Post edited 28 Aug 2022 13:53]

Morecambe on 14:12 - Aug 28 with 3146 views

nordenblue

Morecambe on 11:08 - Aug 28 by DaleiLama
Thank goodness they have the EFL there to protect their interests. Oh

If they're very lucky they may even get charged by the FA too for some irregularity, just to help them along

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