With revelations that the Club has been hit with a fresh winding up order from the HRMC, the Club, as a result of pressure from the fans, has come clean by publishing the debts in the Bournemouth Evening Echo.
Club Chairman, Eddie Mitchell is quoted in the paper as saying: "The figures published today are true and accurate and will be updated periodically as the debt diminishes. We all know the task ahead so please join in. In the coming days, the board will announce various initiatives whereby you, the supporters, can help us finally rid ourselves of the club’s legacy debt, try to lift the embargo and give Eddie Howe and the lads every chance of achieving the success this club so deserves".
In trying to remove the debts, which might enable the League to relax the transfer embargo, the Club is setting up a scheme to raise £800,000. Mitchell is quoted as saying: "It will allow us, if we can get enough funds in, to clear the debt once and for all, which I think is a necessity. It has to be done and we’ve got to find a way to do it between us. We’ve used the obvious to raise funds which, along with my initial input and schemes which were staring us in the face, we’ve halved the debt. What really made us think was after the fans’ forum, where I was approached by two people. One chap offered to donate £2,000 and another, a pensioner, offered to donate £1,000. We opened the post the following Monday and we had received a £25 cheque from a Fulham supporter and we received £125 from somebody else who donated. It led me to believe that there were a great deal of people out there that would like to join me and help get the club back to where it should be, with no or very little debts".
When challenged in the car park prior to the Morecambe match, Adam Murry, when asked about what needed to be done to lift the transfer embargo was only able to comment on his committment to taking first team training sessions!