Blake is part of the new board that is now in place at Dean Court, joining chairman Eddie Mitchell, Adam Murry, Jeff Mostyn and Steve Sly in a position of power at the club.
And since they took over, Blake has opened talks with the HMRC with a view to restructuring the club's debts and removing their transfer embargo.
"I am in constant dialogue with HMRC, who are obviously one of the biggest creditors of the company and because of that, we have a transfer embargo in place," Blake told Bournemouth's official website.
"From (Thursday) we have come to an agreement with HMRC that we can satisfy with what they want. Jeff Mostyn is meeting with the Football League next week and we are hopeful that we can get that embargo lifted with everything we have put in place.
"Jeff is going there to satisfy what they want and then hopefully we can have the embargo lifted on the club."