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Bournemouth enter administration
  • 9nufc9
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Post Posted: Fri Feb 08, 2008 5:54 am Reply with quote
Struggling Bournemouth have gone into administration and will be docked 10 points, report BBC Radio Solent. Bournemouth's debts are believed to total around £4m and the points deduction will send them to the foot of the League One table.

A press conference has been called for Friday where chairman Jeff Mostyn is expected to detail the club's plight.



Business recovery specialists Begbies Traynor have been appointed as the club's administrators.

The club were handed a winding-up petition by HM Revenue & Custom earlier this week but they disputed the situation.

Although BBC Solent understands there are ongoing discussions with parties committed to its long-term future, Bournemouth have had no choice but to enter into administration.

Bournemouth are currently third from bottom of League One and face fellow strugglers Luton on Saturday.

The club made five members of staff redundant

 
  • J-Axe
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Post Posted: Fri Feb 08, 2008 9:23 am Reply with quote
It's sad and disappointing to hear.

It's happening to too many Clubs.

 
  • Steely Hill
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Post Posted: Fri Feb 08, 2008 12:35 pm Reply with quote
well done fat cats in the premier league.

so much sharing of the wealth going around

 
  • floody
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Post Posted: Fri Feb 08, 2008 4:46 pm Reply with quote
Indeed. Another lower league club struggling to make ends meet and paying the price.

 
  • 9nufc9
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Post Posted: Tue Apr 08, 2008 2:41 am Reply with quote
Quote:
Bournemouth's future looks a little brighter after two new bids to buy the cash-strapped club were tabled minutes before a creditors' meeting on Monday.

The League One outfit had faced possible liquidation after a consortium led by chairman Jeff Mostyn broke down.

But Mostyn told BBC Radio Solent: "There are now two firm bids and a possible third. My future will be decided in the next 24 hours."

The investment should see the Cherries through until the end of the season.

Administrator Gerald Krasner is expected to make a decision by Tuesday lunchtime and said a resolution would mean Cherries boss Kevin Bond will not have to sell any players.

Mostyn added: "That's great news, especially for fans of striker Sam Vokes, who last week we thought might have to be sold."



Excellent news for the Cherries and football in general. Always sad to see a football club end up in the position Bournemouth are/were in.

 
  • floody
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Post Posted: Tue Apr 08, 2008 11:48 am Reply with quote
Indeed. They already had one offer that fell through so lets hope these bids are the real deal.

Bournemouth enter administration
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