Structadene Defer Dean Court Rent

Last updated : 10 February 2009 By Bournemouth Co-Ordinator
AFC Bournemouth have been given some breathing space with the current financial woes as stadium owners, Structadene, all the Club to defer some of their rent.

Howard Harris of Structadene, is quoted in the Bournemouth Evening Echo as saying: "We're not going to put pressure on them - we're trying to do the decent thing. But we have not varied the lease - the lease remains as it was. They will pay that (£15,000 per month) but they have to make it up at some point. I'm relatively happy with that because I think they will make that up. I must say that Alastair Saverimutto has been very, very helpful and if we can help in any way, we will do so. We've not agreed to reduce the rent to £15,000, but we have allowed them to make those payments on account of those monies due. They will pay that and make up the shortfall. Their intention is to pay extra (on top of the £15,000) if they can".

For the Clubs part, Chief Exec Saverimutto is quoted as saying: "I'm very grateful for their help and their help is exceptional to our cause, given that we're trying to identify new investment. This gives me the opportunity to drive the costs down until the period of time when new investment can come in. I've been open and frank in all my negotiations and, as a result, both parties feel this is the right thing to do".