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Cherries consider action
07 Dec 2007 - 07:14:29
Bournemouth chairman Jeff Mostyn has refused to rule out the possibility of placing the club into administration.
The Cherries are currently second bottom of the League One table following a dismal start to the season and Mostyn has revealed administration - and an automatic ten-point deduction - is a possibility.
However, the Cherries supremo is confident that "advanced negotiations with a group of potential investors" will lead to a positive outcome for the Dean Court club.
"It is a matter of record that the club had been faced with severe financial difficulties prior to Steve Sly and myself getting involved in October 2006 and subsequently taking over the club in March 2007," he told the club's official website.
"In overall terms a great deal of progress has been made at the club, but our ability to attract additional investors has to date proved to be extremely difficult especially taking account of our league and cup results.
"I was asked at the fans' forum prior to the Oldham game on November 24 if I had considered administration as an option.
"My answer was yes, if we were unable to meet our commitments and I felt administration was in the best interest of the club going forward, that would be a decision the board would have to seriously consider."