Panjab Warriors, which appears to be owned by 48 year old Kulijeet Singh Momi, is about to take over Morecambe FC from Bond Group Investments.
Morecambe will play their football in the National League next season.
"This is more than a business venture; it’s a commitment to the fans, the town, and the future of Morecambe FC," said Gurpreet Singh, Head of Communications for Panjab Warriors.
"Our aim is to build upon the club’s rich heritage, ensuring stability and fostering unity across all parts of the community. Panjab Warriors would like to extend their thanks to the club and its Board of Directors for their co-operation in obtaining EFL approval, and also to the EFL for their patience and support in getting to this stage.
"We believe Morecambe FC’s best days lie ahead. But actions speak louder than words - by working together with the Board, the Shrimps Trust and the wider fanbase, we will look to deliver consistently, listen deeply, and put supporters at the heart of everything we do.
"This is a long-term commitment, rooted in respect, responsibility, and a genuine love for the game. In the interests of transparency and until final due diligence and contracts are finalised, we are not in a position to say anything further at this stage.
"However, once we are in this position we are looking forward to meeting with supporters and media to update via the appropriate channels."