Morcambe are on the verge of being kicked out of the National League.
The club has gone bankrupt and they have no money left to carry out any operations.
Panjab Warriors were trying to buy the 105-year-old club from Jason Whittingham’s Bond Group Investments, but they couldn’t reach an agreement within the stipulated time.
It was confirmed on 4 August that the deal was not reached.
As a result, the Shrimps are suspended from football’s fifth tier until August 20.
If they fail to satisfy National League chiefs, they will be expelled and will suffer the same fate as Bury and Macclesfield.
A statement from Panjab Warriors last week said: “As of Monday, 4th August: The Club is officially shut.
“£0 in the bank and no cash on site means operations cannot continue.
“Senior staff have taken the heart-breaking decision to stop working after months of holding the Club together under impossible circumstances.
“Without an agreement today: The Club will rapidly disintegrate.
“Staff and players are leaving – soon there will be nothing left to sell.
“Jason Whittingham your legacy is in your hands.
“You will be remembered in Morecambe not for your intentions, but for the outcome of today. Do the right thing, stop the suffering.”
Morecambe were relegated from League Two last season following an 18-year spell in the EFL. In June, Panjab Warriors had a takeover bid approved by the EFL, but the deal could not be reached.