Morecambe new financial problems?

[Piethagoram]

 

[Robbie]

 

[Wheelbarrow repair man]

Another Club Struggling because of Poor Ownership. Who Vets these People (Is it the EFL OR FA) who want to own a Club and Why aren't they doing their Jobs Properly?

[Robbie]

@Wheelbarrow repair man

"Acquisition of Control & Owners & Directors’ Test"

"In any potential ‘takeover’ or acquisition of control as it is formally known, it is the responsibility of the Club in question to inform the EFL of a proposed change". 

"Once the League has been made aware, the process of making the necessary checks against the requirements of EFL Regulations will then begin. The Regulations ultimately set the criteria regarding who is permitted to own a Club, or exercise control over it, and whether they meet the requirements to do so."

https://www.efl.com/governance/acquisition-of-control-the-owners-directors-test/

The tests that are undertook by the EFL are obviously not thorough enough are they.

Morecambe is not the first club to get into trouble like this, and they won't be the last either.