Morecambe FC has received a three-point deduction to be suspended until 30 June 2024 after admitting a breach of EFL Regulations for failing to pay its player wages on or around 28 March 2023.
The Club’s ultimate beneficial owner will also be required to deposit an amount equal to 125% of the forecast monthly wage bill - for all staff across the football club - in a designated Club account, which may be called upon by the Club should there be any future delays in processing wage payments.
The suspended sanction will take effect if the payment is not made by the owners of the Club to the Club Deposit Account as per the terms of with the Agreed Decision or there is any failure to pay its players on time until 30 June 2024.
The sanction was imposed in accordance with the terms of an ‘Agreed Decision’ which has formally been ratified by an Independent Disciplinary Commission Chair as per the requirements of EFL Regulations.
Morecambe FC will also pay the associated costs of ratification of the Agreed Decision.
The Agreed Decision can be found here.