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Page last updated at 14:58 GMT, Saturday, 20 June 2009 15:58 UK

Murry completes Cherries takeover

Bournemouth's Dean Court home
Dean Court has endured a succession of boardroom changes

Bournemouth have new owners after a consortium led by local businessman Adam Murry completed the purchase of the League Two club from Paul Baker.

Murry's group includes former Cherries co-owners Jeff Mostyn and Steve Sly, ex-Dorchester chairman Eddie Mitchell and Mitchell's son-in-law Neill Blake.

"We are delighted that the deal has finally gone through," Murry said.

"This club has had a traumatic couple of years, and it is our task to put it back on an even keel."

Bournemouth's supporters have seen a complicated succession of chairmen and directors take charge in recent years - while their Dean Court ground itself was sold to London-based property company Structadene in December 2005, and leased back.

Mostyn and lifelong Cherries fan Sly bought the cash-strapped club in March 2007, becoming chairman and vice-chairman respectively.

However, less than a year later, the club went into administration in February 2008, received an automatic 10-point deduction from the Football League - and were relegated from League One by two points.


The administrators eventually agreed to sell the club to marketing company Sport-6, headed by Baker who later replaced Mostyn as chairman, and his business partner Alastair Saverimutto who became chief executive.

However, as the club were unable to agree a Company Voluntary Agreement with their creditors, the League imposed an additional 17-point penalty at the start of the 2008/09 season.

Murry joined the board of directors in November, and the club announced on 31 December that he had become co-owner - but the deal fell through after he failed to come up with the finances.

However, he continued his bid to buy the club, paying off a winding-up petition and joining forces with Mostyn and Sly.

Although Saverimutto left the club in March, Baker eventually reached agreement to sell to the Murry Group.

A traumatic season on and off the field - which saw manager Kevin Bond sacked in September and his successor Jimmy Quinn relieved of his duties on New Year's Eve - eventually finished on a positive note.

Eddie Howe, a fans' favourite in his playing days, became the youngest manager in the Football League and steered the club to safety, while Cherries legend Steve Fletcher returned to Dean Court and scored the goal that preserved their League status in the penultimate game of the season.

Meanwhile, Poole-based property developer Mitchell - who had been a contender to buy the club himself during the administration period in 2008 - is relinquishing the chairmanship of non-league Dorchester Town, who play in Blue Square South, to prevent a conflict of interest occurring as he joins forces with Murry - whose group is set to take formal control on Monday.

A club statement revealed that Blake would be "taking an active role in the running of the club".

"The hard work starts now," Murry added in the statement.

"There has been ill feeling around the club, and this needs to be consigned to the history books."

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see also
Fletcher relishes Cherries escape act
26 Apr 09 |  Bournemouth
Murry pays off Bournemouth debt
11 Mar 09 |  Bournemouth
Baker to sell Cherries 'in weeks'
27 Apr 09 |  Bournemouth
Bournemouth chief executive quits
12 Mar 09 |  Bournemouth
Mostyn set for Cherries return
09 Mar 09 |  Bournemouth
Bournemouth face uncertain future
03 Feb 09 |  Bournemouth
Murry coy on Bournemouth academy
06 Nov 08 |  Bournemouth
Baker named Bournemouth chairman
05 Nov 08 |  Bournemouth
Bournemouth accept League penalty
08 Aug 08 |  Bournemouth
New Bournemouth owners revealed
18 Jul 08 |  Bournemouth
Mitchell cools Cherries interest
27 Feb 08 |  Bournemouth
Bournemouth enter administration
08 Feb 08 |  Bournemouth
Bournemouth takeover goes ahead
18 Mar 07 |  Bournemouth
Club completes stadium sell-off
13 Dec 05 |  Dorset

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Sky Sports Cherries takeover completed - 48 hrs ago