Is The End In Sight (pt 2)?

Last updated : 09 July 2008 By Bournemouth Co-Ordinator
Speaking in the Bournemouth Evening Echo, the Joint Administrator, Gerald Krasner is quoted as saying: "As always, Mr Mostyn has come up with the money and this will see us through the next two weeks. Within that period, the final cash flows will be agreed, taking us up to the start of the season, and we then await the decision of the Football League".

While Mostyn himself is quoted as saying: "I'm delighted that I have once again been able to meet the demands of the administrator Gerald Krasner. Throughout this long ordeal, I believe that I have proved to be consistent in my endeavours to take the football club forward. During the process of administration, a number of individuals have promised, and, indeed, made offers that have been accepted by the administrator. But when it came to meeting his financial demands, they were unable to provide him with the funds that were necessary to take the club forward. Following today's latest instalment, I now have a clear line of sight to the finishing line. In addition to providing the administrator with additional funds, we have also sent the initial tranche of documents to our solicitor to be forwarded to the Football League to enable our application to take the club out of administration to be processed. I would like to take this opportunity to thank our supporters, the staff at the club and, in particular, my vice-chairman Steve Sly for the tremendous support that I have been afforded in what has proved to be a difficult process to get to where we are today. With the finishing line in sight, I am totally committed to finish the job I started when I was first appointed chairman in March 2007. Nothing would give me greater pride than to take the club out of administration at the earliest opportunity and, along with my new partners, that is precisely what I intend to do".