Stay Of Execution For Cherries

The Winding Up Order against AFC Bournemouth, brought by HMRC was adjourned in the Liverpool County Court by 6-weeks. Speaking in the Bournemouth Evening Echo, Mitchell was quoted as saying: "Obviously during the adjournment period, whatever it may be, we have to keep making inroads into the debt. We're due to send the taxman some more money today and that is what has been raised in house from the directors. It's not a massive sum but it will help bring the balance down and I think if the HMRC sees our efforts, we might get the eight weeks. We've got a Football League payment due to us in the middle of the month, which is quite a considerable amount of money and we have to pay the football creditors from that because it will be taken from the sum anyway. What's left from that will come to us and part of it will go to HMRC. But I am mindful that my first priority is wages for the people that work for the club and who commit themselves to me. They have to be first and foremost in any revenue streams we bring in. After them, we share it out to keep as many other people happy and the HMRC is one of those people you have to keep happy".

Mitchell went on to say: "We are in a better position than we were a few weeks ago because we've raised more funds. We're down from around £1.5m to £1.3m in realistic terms and some of that is very pressing. Some of it we are drip-feeding. Without that debt, we would have broken even and made a small profit so the club is pretty sound".