News Alerts
Headlines
Bournemouth bid falls apart
Scotland - 16 April, 2008
Adjust font size:
A deal to buy out English Bournemouth has fallen through.
EU UK Ltd. withdrew their proposal, according to administrator Gerald Krasner. They withdrew after missing a Monday deadline, and not being able to follow up on a request for a deposit for a deadline extension.
Krasner said the money-for-extension deal seemed to upset the potential buyers.
Krasner said he will soon meet with another bidder. He originally accepted a bid for a buy back from former chairman Jeff Mostyn. That bid fell through when businessman Marc Jackson, part of the funding group could not deliver money.
Jackson was part of the EU UK bid.
Krasner originally said Mostyn's group won the re-bid, but later recanted and said Jackson's group was the winner. Soon after, Jackson fell out with the group and left.
The club has debts of GBP 4 million. Bournemouth has been in administration since February. But Krasner said Bournemouth may face some sell-offs if a buyer is not located soon.
EU UK Ltd. withdrew their proposal, according to administrator Gerald Krasner. They withdrew after missing a Monday deadline, and not being able to follow up on a request for a deposit for a deadline extension.
Krasner said the money-for-extension deal seemed to upset the potential buyers.
Krasner said he will soon meet with another bidder. He originally accepted a bid for a buy back from former chairman Jeff Mostyn. That bid fell through when businessman Marc Jackson, part of the funding group could not deliver money.
Jackson was part of the EU UK bid.
Krasner originally said Mostyn's group won the re-bid, but later recanted and said Jackson's group was the winner. Soon after, Jackson fell out with the group and left.
The club has debts of GBP 4 million. Bournemouth has been in administration since February. But Krasner said Bournemouth may face some sell-offs if a buyer is not located soon.
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