News Alerts
Headlines
Bidders come in for Bournemouth
England - 09 April, 2008
Adjust font size:
Just before a creditors meeting was about to divvy up English Bournemouth, two new suitors arrived to express interest.
Chairman Jeff Mostyn said the club, which is in administration, could even have a third bid possible. Both new bidders must provide a GBP 100,000 deposit, something to keep the club afloat for the rest of the season. The unsuccessful bidder gets the deposit returned.
With solid bids, the administrator, Gerald Krasner, can opt for one and not have a player sell-off. Krasner originally was going to sell to a group led by Mostyn, but that consortium fell apart.
That group's CVA was not well liked by HM Revenue & Customs, and was promptly vetoed.
The club has been in administration since February. Krasner hopes to name a winner by 9 April.
Chairman Jeff Mostyn said the club, which is in administration, could even have a third bid possible. Both new bidders must provide a GBP 100,000 deposit, something to keep the club afloat for the rest of the season. The unsuccessful bidder gets the deposit returned.
With solid bids, the administrator, Gerald Krasner, can opt for one and not have a player sell-off. Krasner originally was going to sell to a group led by Mostyn, but that consortium fell apart.
That group's CVA was not well liked by HM Revenue & Customs, and was promptly vetoed.
The club has been in administration since February. Krasner hopes to name a winner by 9 April.
Source: euFootball.BIZ © Copyright 2006 -
All rights reserved.
© Copyright message
The copying, republication, redistribution or web posting (including by framing or similar means) of this content is expressly prohibited without the prior written consent of euFootball.BIZ
-
Finance
Television
Sponsorship
Marketing
Technology
Competitions
Clubs
Stadia-Facilities
Legal
Administration
Events