Morecambe have said they have received funds from new owners Panjab Warriors to pay outstanding wages and football creditors.
Panjab Warriors’ takeover of the club was completed on Sunday after a turbulent summer in which Morecambe were suspended from the National League.
In a statement on Monday, the club said funds were also supplied to pay all liabilities to His Majesty’s Revenue and Customs (HMRC).
The club said wages, liabilities and football creditors would be paid by Wednesday.
Panjab Warriors said, external that although its initial aim was to challenge for promotion back to the English Football League (EFL), “the events and circumstances of the past couple of months” would make it difficult to achieve that this season.
“The priority for this season will be to ensure that we have a competitive team on the pitch, and rebuild the foundations behind the scenes, and develop processes, that will help us compete for promotion in the following season and beyond,” the group added.
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