AFCB Vital News

Jeff’s Consortium has Bid Confirmed

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Administrator Gerald Krasner confirmed today the bid received from current Cherries Chairman Jeff Mostyn and fellow members of his consortium Steve Sly and local businessman Mark Jackson has been accepted.

Whilst Krasner wouldn`t be drawn into exact financial details, he did confirm that the bid received was a seven figure sum. However, worryingly this figure will reduce in the event of any player sales.

Krasner has appealed to creditors to accept the CVA offered. It is believed to be greater than a penny in the pound, and the final deal offered will be in the region of 4-5 pence in the pound.

The date for the creditors meeting has been provisionally scheduled for the 7th April. Season Ticket holders have been invited to this meeting and offered the opportunity to vote on the CVA. The volume of season ticket holders voting could be enough to swing the vote either way.

Krasner also confirmed he was not aware of the Midlands based businessman who has been in contact with Daily Echo.

We will update you further with news as we get it.

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