Bournemouth chairman announces cash injection

Published Add your comment

Football News

Chairman Eddie Mitchell has revealed an unnamed director has injected a significant amount of money into Bournemouth.

The Cherries, who will be playing in Coca-Cola League One next season after achieving promotion, have been the victim of well-documented financial problems over the last couple of years.

But the news of this investment which Mitchell claims is "more than six figures" offers a much-needed boost as manager Eddie Howe looks to build a squad fit for the third tier.

"I think it's the right thing to let people know there is money coming into the club through the board but I don't think it is prudent to name names," he told the Bournemouth Echo.

"To a degree, all money that is put into the club is a loan but whether anybody will get it back is another thing. Our first priority is to keep the club going.

"It gives me a lot of confidence that people can see the work that is being put in and are prepared to invest while I'm steering the ship. It also sends out the right message that we're in this to succeed and nobody is shirking their responsibility."

Copyright (c) PA Sport 2009, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE:

League One
League Two

Article Comments

Read more

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again