Bournemouth plan agreed
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Bournemouth took an important step towards survival last night with the announcement of a pounds 1.8m takeover by a community funded appeal. The financial package was set up to save the Dorset club from ruin after receivers were called in to administrate debts of pounds 4.2m.
The receiver, Alan Lewis, was called in 10 weeks ago by Lloyds Bank, who are owed pounds 2.2m. Now Lloyds have agreed in principle to accept an offer by the trust fund along with the majority shareholder, Norman Hayward, and the acting chairman, Brian Willis.
The Second Division club needs clearance from the Football League for the deal and from the Inland Revenue, who have postponed a winding-up order in the High Court for pounds 250,000 in unpaid taxes.
Lewis said the momentum generated by a public meeting and "the strength of public and player support has given everyone great encouragement."
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments