Mitchell not in to make a quick profit from Bournemouth

Cherries chairman Eddie Mitchell has confirmed that the club will not be sold to a Russian consortium. Reports had surfaced that Mitchell was offered £1.2m for the club, with an overall investment of around £6.5m.



The Bournemouth chairman stated at the fan’s forum that he “never came into to sell, to make a quick buck”.

This will be good news to the south coast club’s fan base as the side has been deep in financial trouble for a number of years, culminating in the club slipping into administration and, after a point deduction, were relegated into League 2.

However the clubs fortunes turned round last season bouncing straight back into League 1 via an automatic promotion spot. The Cherries managed this despite a small squad and poor facilities, including a stadium with only three stands.



And Mitchell has also moved to stabilise the clubs finances. The chairman has reshuffled the clubs youth system, a move which could save thousands of pounds each year. The board is also attempting to negotiate with Starbucks about opening a cafe at the stadium and has already opened a restaurant inside the stadium. The club is hoping to be debt free in the not too distant future with Mitchell claiming the club could be debt free as early as October.