At the end of last month, there was quite a significant change in the boardroom at AFC Bournemouth.
American businessmen Matt Hulsizer and Jay Coppoletta left their positions as AFC Bournemouth directors, as their company Peak6 sold their 25% shareholding of the Cherries back to Russian businessman Maxim Demin.
Demin had previously sold a quarter stake in the Cherries to Peak6 in November 2015.
The move has prompted much speculation amongst the AFC Bournemouth fan base.
What does this mean for the short and long-term future of AFC Bournemouth?
Could it mean that there will be some movement on the delayed training ground complex or even the new stadium?
Or does it indicate that Demin himself could be set to leave by selling the club now that he owns 100% of the club again?
Whatever the answer, AFC Bournemouth manager Eddie Howe appears to be positive about the move.
He told the Daily Echo…
“I think for me it just means the communication lines become slightly different.
“When you are talking transfers and everything which has happened during this January, to just have one point of reference for contact is helpful.
“The club has been run superbly well for a long period of time. Max has been a massive part of that.
“What he’s done for the football club has been incredible, so to have him back as sole owner, in my book, is very good news.”
Buying out Peak6 would not have been necessary if Max had another buyer lined up. Peak6 would no doubt have been delighted to sell their share to the new buyer. I doubt VERY MUCH that they would have opposed the sale if it was going to leave them with a healthy profit on their 25% stake. They were only ever in it to turn a profit. Buying out Peak6 to sell the club seems highly improbable. Peak6 would never have been an obstacle to selling the club.
Max cares about the club and he wants to get things back under his control. The Peak6 money was a good safety net in our first season in the Premier League when nobody was sure if we could possibly stay up or totally bomb. I think it has become clear to Max that, all things being equal, we can stay in this league as long as we keep hold of Eddie and back him. Therefore it was time to get the heel-draggers out of the club, give them the profit they were always looking for and continue driving the club forward.
We shall see, but I feel very positive that Max and Eddie are now singing from the same song sheet and things will start to move forward once again. – Join the conversation, click here.