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Page last updated at 14:25 GMT, Wednesday, 11 March 2009

Murry pays off Bournemouth debt

Bournemouth

League Two strugglers AFC Bournemouth have won an important battle in their fight against the threat of closure by having a winding-up petition settled.

A total of £33,000, owed to Magic Solutions Limited, has been paid by the Cherries' prospective new owner, local philanthropist Adam Murry.

The case was due to be dealt with in the High Court on Wednesday.

Murry also agreed an compromise payment with the club's landlords, London-based property company Structadene.

Murry, previously the club's operations director, failed in his first effort to invest in the League Two club.

But, along with two former board members, ex-chairman Jeff Mostyn and Steve Sly, he is pressing on with this fresh bid to buy the club.

We cannot save this club on our own but I do hope a feasible rescue package can be achieved

Bournemouth prospective owner Adam Murry

"I would like to stress that we cannot save this club on our own," he told the Daily Echo.

"But I do hope that a feasible rescue package can be achieved".

When Murry returned to Dean Court on Monday, the club were due a return visit from the bailiffs, who had been instructed to padlock the stadium and seize goods.

Murray admitted: "Had we not made a financial commitment to satisfy the winding-up petition and reach a payment compromise with Structadene, our due diligence would have been academic."

Bournemouth's off-field problems are in stark contrast to their recent success under Eddie Howe on the field.

Since Howe was appointed as manager for the rest of the season on 19 January, the Cherries have lost just twice in 11 games. And the team, who started the season under a 17-point penalty, have picked up 21 points out of a possible 33 to lift themselves clear of the bottom two.



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