It was reported earlier in the week that a Russian consortium was about to invest at Dean Court.
Could that now be about to happen given the announcement that Jeff Mostyn and Steve Sly have sold their shareholding at Dean Court?
In a statement released in the Clubs Official Web Site, Eddie Mitchell is quoted as saying: "I can confirm, that after lengthy negotiations, contracts have today been exchanged for the purchase of Steve Sly and Jeff Mostyn's shares in AFC Bournemouth. My new partner has a 50% share in the club and I'm looking forward to working with them closely. This is the start of a new era for the club and one we are very excited about. I would like to thank Steve and Jeff for their cooperation during the negotiations. We are very pleased to announce this deal as it marks the beginning of a new and exciting chapter for AFC Bournemouth. It will give us a sound and solid base to build from as we continue to progress on and off the field. More details will be announced through the official club website and BBC Radio Solent at the beginning of next week. My new partner and I are looking forward to outlining our plans for the future to the supporters. After a story appeared in the Daily Echo on Monday claiming Jeff and Steve were close to selling their shares caused speculation and confusion, I felt it was important to announce this news as soon as we had finalised the negotiations. Negotiations of this kind are very complex and delicate, and the paper's decision to publish speculation didn't act in the best interests of the club".