Cherries avoid winding-up

11 March 2009 04:16
Bournemouth's short-term future has been secured after they were able to settle a winding-up petition. The case was due to be heard at the High Court on Wednesday but potential new owner, Adam Murry, has paid the outstanding £33,000. Murry has also negotiated a compromise payment with Structadene, the London-based property company which owns Dean Court and leases it back to the Cherries. Murry said: "Had we not made a financial commitment to satisfy the winding-up petition and reach a payment compromise with Structadene, our due diligence would have been academic. "I'd like to stress that we cannot save this club on our own. But I do hope that a feasible rescue package can be achieved."

Source: ESA