Not everyone’s favourite person

Cherries administrator Gerald Kranser dubbed Cherries Chairman Jeff Mostyn as ‘Not everyone’s favourite person’ at Thursday’s press conference.

Mostyn has been on the receiving end of some negative publicity in recent months.

He received a large amount of criticism from the Daily Echo over his wall of silence regarding Kevin Bond’s future as manager and things didn’t get any better in the views of many supporters after it was revealed that his promise of investment in the way of share capital, turned out to be a loan.

A loan which has played a major part in the administration process and could well have put off bids from other potential buyers according to reports.

Speaking about whether the creditors will support the proposed CVA, Krasner told the Daily Echo…

‘Most football clubs have got away with three, four or five pence dividends in CVAs, but it’s better than that.

‘The creditors will come in distinct types, the Revenue and Customs who have their own agenda, the Football League who have their own agenda and then, stuck in the centre, are what I call the creditors who are the true fans of the club. They want to see the club survive and it’s not about money for them necessarily.’

‘…Whatever you think about him (Mostyn), and I know he’s not everyone’s favourite person in Bournemouth, he did put up a substantial six-figure sum that has enabled the joint administrators to trade from February to today, throughout March and into April, while we sort this out.’