Morecambe are “not in immediate jeopardy” despite the League Two strugglers not having proof of funds for the rest of the season, co-chairman Rod Taylor has said.
Taylor’s comments come after the club issued a statement, external on Thursday saying they were unable to sign players during the current transfer window.
The statement said that Bond Group, the ownership group of the club, had not provided sufficient proof of funds to the EFL to run the club until the end of May.
“It is down to [owner] Jason Whittingham and Bond Group to provide these funds to enable Derek Adams to strengthen the squad and sign players in this absolutely pivotal transfer window,” Taylor told BBC Radio Lancashire.
“That’s not saying we’re in immediate jeopardy because we’re not. There has been investment over the past month. There has been equity purchased. We’ve been successful with our FA Cup run.
“We don’t know at this moment in time what our revenue from [the FA Cup tie at] Chelsea will be. We should know this week but right now we don’t know.
“Those funds, and we do have funds on deposit, are to sustain the football club and hopefully put some into the transfer budget as well.”
In response, owner Jason Whittingham told BBC Radio Lancashire: “The statement has no balance and nor does it reflect work ongoing to rectify the position as soon as is practically possible. On that I am working with the EFL.”
