Mockum Club was established in 1920, and Moreum ranked last in the League Two last relegation last season.
First Statement:
After meeting with yesterday throughout the weekend, Whitingham once again expressed his desire to sell the club shares to Panjab Warriors, in line with the agreement reached several weeks ago. Although all parties except Bond Group did everything possible to close the deal yesterday. Whitingham refused to sell the club shares to Panjab Warriors last night. Bond Group does not have enough funds to pay the club’s salary, which means the salary cannot be paid before the club’s sale transaction is completed.
Panjab Warriors have the funds needed to pay their wages, but they can't do so unless the deal is completed and they become club owners.
So we have no choice but to issue an ultimatum to Whitingham at 9:52 am today (Tuesday, July 1): Unless the Bond Group shares are sold to Panjab Warriors by 4pm this afternoon, the board will have to start the process of putting the club in the management process.
Mockum Second Statement:
Latest news shows that the new situation has caused the original deadline of 16:00 to be extended to 18:00.
We worked hard throughout the day and were in communication with current owner Whitingham, Panjab Warriors.
We will provide the latest developments as soon as possible.
Mockham Article 3 Statement:
Club Board of Directors shared the following updates, after discussions this afternoon and evening, the Board believes Whitingham is delaying time for some reason and is trying to extend this difficult situation.
We must emphasize that he did not provide the Board with any substantial or persuasive reason to initiate the postponement process.
Tonight, the board of directors has notified Whitingham that it will appoint administrators tomorrow morning. Whitingham still has a chance to do the right thing and agree to sell his stake tomorrow morning.