March 25, 2023

Morecambe is on the verge of a takeover with a 20-year-old entrepreneur believed to be shut to creating a deal to purchase. First Division membership.

Sarbjot Johal, who was within the administrators’ sales space after Morecambe’s 5-0 house win over Burton on Saturday, shared on social media on Wednesday information of his imminent takeover.

Johal is listed because the chairman of a non-public fairness agency known as Sarb Capital since January 2022. Within the Home of Corporations, Johal is registered because the director of Vitanic Restricted, an organization based as Vitanic Group in Might 2019.

Morecambe was acquired by London-based Bond Group Investments in 2018. Monetary uncertainty has elevated on the membership when co-owners Colin Goldring’s and Jason Whittingham’s rugby crew Worcester Warriors took over in September.

Sarbjot Johal is the chairman of a private equity firm called Sarb Capital.
Sarbjot Johal is the chairman of a non-public fairness agency known as Sarb Capital. Picture: Vitanic Holdings

World heavyweight boxing champion Tyson Fury, who lives in Morecambe in October, stated he was supplied a deal to purchase the membership. “I am considering of shopping for the Morecambe soccer membership, they’re at present within the Premier League,” stated Fury. “So I assumed I had invested X thousands and thousands in them. All of the coaching amenities and the coaching corridor are mine, who is aware of?”

Morecambe declined to touch upon the gross sales experiences. “We’re not ready to remark presently as a result of it will be inappropriate to take action,” the membership stated in a press release Wednesday. “If any sale occurs, we’ll share it with our followers on the proper time.”

There have been different examples of golf equipment which have handed into the possession of younger entrepreneurs. In 2021, Kyril Louis-Dreyfus, then 23 years outdated, turned a serious shareholder of Sunderland and appointed himself the youngest president in English soccer. Louis-Dreyfus’ late father, Robert, beforehand owned Marseille till his dying in 2009.

In 1990, 19-year-old Spencer Trethewy saved Aldershot, then performed within the Soccer League after accepting a signed £200,000 assertion. Trethewy remained on the board for 3 months till it turned clear that he couldn’t repay the cash he borrowed to satisfy the affidavit inside the agreed timeline.

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