Bournemouth have issued a fresh request to the Football League to loosen the shackles on their transfer embargo.
Vice-chairman Jeff Mostyn met with the powers that be last week to discuss the League Two club's current financial situation and the progress they have been making under the guidance of chairman Eddie Mitchell.
The Cherries have paid debts owed to HM Revenue & Customs and various football creditors, although the embargo still stands due to the club's "legacy debt". But Mostyn has requested the transfer ban now be relaxed ahead of the January transfer window in light of the positive steps forward.
In a section of a statement released to the Bournemouth Daily Echo, Mostyn said: "The league has now acknowledged that we have paid our outstanding liabilities to both HMRC and football creditors. We are, however, still embargoed in relation to the August 2008 agreement that carries the legacy debt."
"As part of the agreement, the club has to submit monthly accounts to the Football League. What is frustrating to everyone is that it is the legacy debt, as everyone is aware, that is still causing the problem.
"I have pleaded with the league, in light of the progress we have made, to put forward a case to the full board for a relaxation of the embargo - at the very least to enable us to sign loan players in January. We will await the outcome of their deliberation."
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