It is our understanding that HMRC has issued a winding up petition against the football club.
We are extremely disappointed at the stance taken by the Revenue in issuing the petition without any consultation or negotiation to reach a reduced settlement. We understand the stance taken by the Revenue applies to all football clubs in as much as they will not negotiate unless they receive preferred status.
Supporters can rest assured however, that a further Notice of Intent to appoint an Administrator was lodged and accepted by the High Court on Monday February 4th 2008, therefore affording the necessary protection to the football club from its creditors.
In the circumstances, HMRC will be asked to withdraw their petition.
I would once again like to reassure all supporters that I am working non-stop to bring my negotiations with both investors and individuals interested in purchasing the club to a satisfactory conclusion. All my efforts are geared towards securing the future of AFC Bournemouth.