AFC Bournemouth have issued a statement on the Clubs Official Web Site stating that:
Cherries Chairman Paul Baker has today stepped down from the AFC Bournemouth board.
He has this afternoon also sold his share-holding in AFC Bournemouth to a consortium headed by Bournemouth-based businessman Adam Murry.
The club are holding a press conference at Dean Court on Friday morning at 10:30 where the new board will update the local media on the current situation at the club.