Source: FOOTYMAD
Cherries Make Final Payment
AFC Bournemouth have confirmed that they have paid the final installment of the liquidation payments that took them out of administration. AFC Bournemouth have paid the final installment of the liquidation payments required while the Club was in administration. In making the final payment, Eddie Mitchell is quoted in the Bournemouth Evening Echo as saying: "It was a long way off getting cleared (when we took over) so we’re very pleased we’ve been able to do it in just over a year. It’s something I wasn’t personally connected with at all and it’s just nice to be able to get nearer to the club trading on a fair wicket without anything dragging it backwards. There’s still a few other things to overcome but it’s just one of them – and it’s quite a major one. I think it’s good news for the club and it will be nice for supporters to know we’re still making progress in the right direction. We’re longing for the day that we can actually say we’re debt free and I don’t think it’s that far away. I think the board’s dedication to go in one direction together, not split and arguing, is a key factor, along with the success we’ve had with the promotion and the fans’ loyalty. It’s all starting to trickle in the right direction". Mitchell went on to add: "We want to address the backdated rent we owe – that’s the next major one to address. It’s fantastic that we’ve had a landlord that’s been patient with us for this length of time. That is the next goal, along with keeping ourselves ahead of the tax and VAT and everything else which comes with running the club".
