New Take Over Deal On The Table?

Last updated : 04 February 2009 By Bournemouth Co-Ordinator
Co-owner, Paul Baker, reveals that he's received a fresh offer for the Football Club against a background of a consortium lead by Adam Murry failing to seal an agreement before the end of January.

Speaking in the Bournemouth Evening Echo, Baker is quoted as saying: "It's a realistic bid in the current climate and the offer was satisfactory. But I need to make sure the cash is there, not so much to purchase the shares but to have the cash to take it forward. I'm not going to hand over the baton without knowing that the people involved have the cash to take the club forward. They've got to do their due diligence and I've got to do mine to make sure everything is right for the football club. The future of the football club and securing its financial longevity are my only concerns. We need to make sure the town of Bournemouth always has a football club and, hopefully, a Football League club".

Of the Murry deal, Baker is quoted as saying: "I had agreed to sell my 50 per cent to Adam Murry's consortium and they had until the end of the month to complete but it looks like they have fallen short. The club needs money to take it through until the end of the season and the position is very difficult. I've been monitoring the situation for the past month and, although Adam was effectively the new co-owner, I still had to sanction things until the deal was completed. I sanctioned the recent signings and, while the consortium may have bitten the dust, I couldn't just turn my back on the football club and say 'it's not my problem'. I still feel I have a part to play, although I wish Adam's consortium had come to fruition. I don't blame Adam. His heart is in the right place and I'm sure he will still have a part to play in the future of the football club. Football clubs run on money though and, if there is no money, you can't survive on fresh air".