New Morecambe owners to settle club's debts after takeover goes through
Morecambe's new owners are set to pay off the club's outstanding debts after their takeover was formally completed.
Bond Group Investments agreed a deal to acquire the League Two club at the start of May.
The Shrimps stayed in the Football League on goal difference after a 0-0 draw with Coventry City on the final day of the season.
"The current bank overdraft and other significant debts will be repaid in full," a club statement said.
The new owners - Jason Whittingham and Colin Goldring - have also committed to putting more money into the club.