L2 News: The Wait Continues For Cherries

Last updated : 17 June 2008 By Stray Shots Team

Bournemouth Echo reporter Ian Wadley has revealed that club administrator Gerald Krasner, yesterday told the Echo that he doesn't envisage an end to the process until mid-July at the earliest - with owner-in-waiting Jeff Mostyn currently working on a "purchaser's plan" to submit to the Football League.

Cherries kick-off their League Two campaign against Gillingham at Dean Court on August 9.

And the transfer of the Football League share, which allows clubs to play in the league, to Mostyn's new company, may now be completed just days before the start of the season.

This would leave boss Kevin Bond little time to bring in any new faces, with the club's transfer embargo only likely to be lifted once the share has been transferred.

Krasner said: "It could take four to six weeks. A few more pieces of paper were signed last week and we're now getting ready to send the plan to the Football League in the next week or so.

"They (the league) have to approve the plan at their next meeting in July and then give us the share back."

Krasner confirmed the Football League required certain criteria to be met and that Cherries' proposal "should be all right".

Although Mostyn's new company would require the share to start the season, Krasner understands it could be possible for the Dean Court outfit to start the campaign in administration, but he admitted he would prefer everything to have been dealt with before the season begins.

Football League spokesman John Nagle confirmed that the league's board would be meeting on July 10 and that any decision to approve plans and transfer the share could be made on that date.

However, Nagle declined to comment on any possible points deductions or the prospect of Cherries beginning the League Two season in administration.

For the full article, click on the link below:
http://www.bournemouthecho.co.uk/sport/