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Last Updated: Thursday, 10 November 2005, 11:00 GMT
Fans vote for stadium lease plan
Dean Court football stadium
The final decision on Dean Court will be made on Friday
Members of Bournemouth's supporters' trust have voted in favour of a plan to sell their stadium to a property company for 3.5m and lease it back.

The Community Mutual (CM) has more than 2,500 members and has 51% voting rights in the League One club.

The football club wants to use the cash to pay off some of its 6.5m debts.

On Wednesday night the fans voted overwhelmingly for the sale to go ahead. The final decision will be made at a special club meeting on Friday.

Club chairman Peter Phillips has warned that the club could be forced into receivership if the refinancing proposal does not go through, because of debts owed to the Inland Revenue and other creditors.

However, the Cherries hope that a supporters' pension scheme set up by Dave Stone, a director of both the club and the supporters trust, could buy back the stadium from the new owner in the spring.




SEE ALSO:
Fans' stadium buyout pushed aside
09 Nov 05 |  Business
Fans to decide on Cherries future
28 Oct 05 |  Bournemouth


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