FOR SALE - One Football Club, Many Owners, Offers - £3m ono!

Last updated : 13 February 2008 By Bournemouth Co-Ordinator
In speaking to the Bournemouth Evening Echo, Administrator Krasner, has spoken about the Clubs current plight, and is quoted as saying: "The quicker we get interest in, the cheaper the costs will be and the more money that will be left for the club. If somebody is sitting there thinking they are going to buy this club for £2 then they don't know me because it won't happen. We're looking for proper money and we're trying to get somebody to buy the club debt free. The debt remains in the administration, the club moves forward and I would be left behind to put proposals to the creditors about how to sort out their debt. I am reasonably optimistic from the initial soundings that some form of rescue package is a possibility. There are no guarantees in life and there are definitely no guarantees in football ..... I have some figures but I'm not disclosing them. Anybody who is interested will be asked to provide proof of funding with a minimum of £3m".

On the process involved with bringing the Club out of administration, he is quoted as saying: "Under the law, I have eight weeks in which to put together a series of proposals for all the creditors and to call a creditors' meeting within 10 weeks at which these proposals will be put and voted on. There are wealthy businessmen in the area whom may wish to form consortiums. I'm looking for two things - certainty and the fact that the people who want to move the club forward have got the necessary funds and proof of those funds to enable a deal to be done".