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Author Topic: 'Who's snuffed it now?'  (Read 1783396 times)
TheSwindonianManSTFC

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« Reply #5550 on: Monday, August 4, 2025, 17:00:03 »

Absolutely awful about Morecambe, sends chills through you just thinking about it. The loss of livelihoods, the loss of community. Just like Bury, Aldershot, Rushden and Diamonds, Hereford and many others before. The fate of lower league clubs does hang on a knife-edge. Serves as a stark reminder not just for us but clubs in the lower leagues that the future of our clubs is not so certain. Just wonder how much this new regulator can do to curb this.
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Pericardinho

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« Reply #5551 on: Monday, August 4, 2025, 17:19:19 »

Sky Sports news reporting that Isak has attended training and yet Morecambe are as good as dead.

I've just rapidly fell out of love with football at the top levels. It's just crap. So unbelievably out of touch with the local communities and what it means to people.

The BBC Sport front page. Not a single mention of it.

This could so so SO easily be us in the near future. If our club debt continues to rise, and becomes much higher than our club is worth, what is to say Morfuni won't let us go in a similar way.
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Jimmy Quinn

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« Reply #5552 on: Monday, August 4, 2025, 17:23:08 »

Excellent late night phone ins!

Often quite deep stuff and he helped many get out of some dark places.
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horlock07

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« Reply #5553 on: Today at 08:31:23 »

Sky Sports news reporting that Isak has attended training and yet Morecambe are as good as dead.

I've just rapidly fell out of love with football at the top levels. It's just crap. So unbelievably out of touch with the local communities and what it means to people.

The BBC Sport front page. Not a single mention of it.

This could so so SO easily be us in the near future. If our club debt continues to rise, and becomes much higher than our club is worth, what is to say Morfuni won't let us go in a similar way.


I suspect the BBC had nowt on Morecambe yesterday purely as nothing seemed to change bar some of the more copy and paste football SM outlets suddenly decided it was game over at midnight last night which I don't think actually was the case, FWIW the BBC have it on their front page today (with a story dated yesterday?)

The strange thing at Morecambe is that no one (even the 'football finance experts' seem to have a clue what Whittingham's game is or what the desired outcome is for him, there is some suggestion that he has got so much secured against the club that its essentially either unsellable or will lead to his entire house of cards collapsing if sold or alternatively (and possibly very pertinent to us if rumours are to be believed), and I should probably say in big letters allegedly! that he cannot sell to an unrelated third party because as soon as the books are opened and scrutinised the person doing the scrutiny will be on the blower to Inspector Knacker/HMRC?

But like so much in football ownership there is so much rumour and counter rumour flying about I suspect pretty much no one actually has a clue what's actually going on.

I'll repeat again, in light of what's flown about previously I'm not sure the mooted takeover of them will leave them in any better sort of state than they are now, just kick the can a little down the road.
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« Reply #5554 on: Today at 08:49:59 »

I'm not even sure what happens what business gets liquidated. Does the liquidator dig into the books - they must do right to see if there is anything to salvage. Surely it all comes out then?

I'm not sure how Whittingham avoids scrutiny, but since its not his first rodeo maybe he knows he will avoid scrutiny/liability after all.
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Terminator

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« Reply #5555 on: Today at 11:18:46 »

Yes the liquidator does look into the books. I am no expert but thought that voluntary liquidation you still own the assets, liquidation you don’t anymore. Both options you have to submit accounts to HMRC as the business is being wound down.
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