Joined: Jan 08, 2008 Posts: 47 Location: Bournemouth
Posted: Fri Feb 08, 2008 11:09 am Post subject: AFC Bournemouth Enter Administration
Struggling Bournemouth have gone into administration and will be docked 10 points, reports BBC Radio Solent.
Bournemouth's debts are believed to total around £4m and the points deduction will send them to the foot of the League One table.
A press conference has been called for Friday where chairman Jeff Mostyn is expected to detail the club's plight.
Business recovery specialists Begbies Traynor have been appointed as the club's administrators.
The club were handed a winding-up petition by HM Revenue & Custom earlier this week but they disputed the situation.
Although BBC Solent understands there are ongoing discussions with parties committed to its long-term future, Bournemouth have had no choice but to enter into administration.
Bournemouth are currently third from bottom of League One and face fellow strugglers Luton on Saturday.
The club made five members of staff redundant on Wednesday as part of its cost cutting. _________________
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