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Page last updated at 12:16 GMT, Thursday, 3 April 2008 13:16 UK

Cherries face threat of closure

Bournemouth are facing possible extinction after the collapse of a consortium led by chairman Jeff Mostyn.

Administrator Gerald Krasner confirmed that the original 1m offer to buy the Cherries, who are more than 4m in debt, is no longer on the table.

He said: "If people in the area do not wish to support the football club by making a bid, one of the options is to close the club down."

A meeting with the club's creditors planned for Monday still goes ahead.

Krasner has revealed that he will now consider the sale of players, but the administrator will make no further announcements until after next week's meeting.

see also
Cherries consortium hits buffers
01 Apr 08 |  Bournemouth
Vokes unfazed by big club scouts
24 Mar 08 |  Bournemouth
Cherries sponsor pulls out early
20 Mar 08 |  Bournemouth

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