In a press conference, Joing Administrator Gerald Krasner, announced that Jeff Mostyn is the preferred bidder to buy back AFC Bournemouth.
Krasner annouced that Mostyn has now paid over £80,000 to cover the wages and other bills relating to the Football Club, and does not relate to two previous bids that had been received.
The £80,000 payment also guarantees Mostyn "exclusivity" over the Club.