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Last Updated: Friday, 8 February 2008, 13:24 GMT
Bournemouth enter administration
Bournemouth's Dean Court ground
Bournemouth are believed to be around 4m in debt
Struggling Bournemouth have gone into administration and have been docked 10 points by the Football League.

Bournemouth's debts are about 4m and the points deduction has sent them to the foot of the League One table.

Administrator Gerald Krasner said: "If it wasn't for the recent funding from chairman Jeff Mostyn the club wouldn't have made it past last Sunday."

Mostyn added: "Administration is not the end of the club. It's the start of a bright new future."

Mostyn, who took over as chairman last year, was believed to have invested a six-figure sum in the last week that prevented the club, according to Krasner, from going into liquidation.

606: DEBATE
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"I'm more concerned with the future than the past," said the Cherries chief at the official announcement.

"But because of the past we're here today. It's not a surprise we've gone into administration because the club has been in steady decline over the last 10 years.

"It was difficult to see how Bournemouth was going to avoid the inevitable. Without any off-the-pitch income there was no way anybody could have helped this club survive.

"I've tried to stabilise Bournemouth but even I ran out of resources."

The south coast outfit were handed a winding-up petition by HM Revenue & Customs earlier this week but they disputed the situation.

And now business recovery specialists Begbies Traynor, headed by Krasner, have been appointed as the club's administrators.

The 10-point penalty has left Bournemouth with 19 points, 11 points from safety.

They are the second League One club to go into administration this season following Luton, who they face on Saturday, but the third to have points taken away as Leeds had 15 deducted at the start of the season.


Coca-Cola Football League One Table
30 January 2010 17:06
    P GD PTS
1 Norwich 29 34 63
2 Leeds 27 29 60

3 Charlton 28 20 55
4 Colchester 27 13 49
5 Swindon 26 8 48
6 Millwall 28 11 46

7 Huddersfield 26 20 45
8 MK Dons 28 4 43
9 Bristol Rovers 26 -3 38
10 Brentford 27 -3 34
11 Southampton 27 15 33
12 Carlisle 26 -3 33
13 Walsall 25 1 32
14 Yeovil 28 -5 31
15 Southend 28 -7 31
16 Hartlepool 29 -10 31
17 Leyton Orient 27 -10 31
18 Exeter 29 -11 30
19 Gillingham 28 -7 29
20 Brighton 27 -13 28

21 Oldham 25 -10 26
22 Tranmere 27 -22 26
23 Wycombe 29 -22 23
24 Stockport 27 -29 16

SEE ALSO
Cherries dispute Revenue petition
06 Feb 08 |  Bournemouth
Forget cash crisis, warns Gowling
30 Jan 08 |  Bournemouth
Bournemouth boss will not invest
25 Jan 08 |  Bournemouth
Court gives Bournemouth more time
21 Jan 08 |  Bournemouth
Bournemouth bid to avoid meltdown
15 Jan 08 |  Bournemouth
Bournemouth ponder administration
06 Dec 07 |  Bournemouth
League closes 10-point loophole
09 Jun 07 |  Football


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