'Money coming into AFC Bournemouth is there as investment' - Baker

Last updated : 18 July 2008 By Bournemouth Co-Ordinator
Having been introduced at the mid-week press conference, incoming director Paul Baker is quoted as saying: "Any money coming into AFC Bournemouth is there as investment. Our initial share capital is set at £250,000 to meet the requirements of the Football League. The investment is seven figures and we've put significant funds in already to help the period of administration. At the present moment, we don't know what the sanctions are going to be from the Football League so I don't want to pre-empt anything the league may or may not do. I can't say any more than that".

He went on to say: "It's not the money to acquire the club that is important - it's the investment and how you deal with it. People will ask me, If you had £100,000 to go and buy a player, who would you get', but I would much rather spend £100,000 on the centre of excellence than on a player. That money is then in the infrastructure of the club to make sure that the building blocks are in place for a solid structure. I'd rather put the money in at the bottom and watch it grow from there".