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7:00am Saturday 20th March 2010 in
AN initiative aimed at toppling the Dean Court debt mountain has prompted almost £7,000 to be raised in less than a fortnight.
The AFC Bournemouth Dedication Scheme – which calls on supporters to donate money towards clearing the club’s outstanding liabilities – was officially launched earlier this month.
Chairman Eddie Mitchell, who reported on March 5 that Cherries’ debts stood at £846,924, revealed last month that the club faced a date in the High Court on March 31 for a winding-up petition issued by HM Revenue and Customs over arrears of £314,000.
In a bid to counteract the financial problems, the club unveiled details of the dedication scheme, which offers donors a possible cash return when Cherries sell assets, should the debts be cleared.
The new idea was given a mixed response by supporters, but 12 donors have come forward, seven via the scheme, to raise a total of £6,895. Two of them, Dean Tever-sham and Gary Bartlett, gave £500 apiece, and one un-named benefactor handed over £4,000.
Mitchell told the Echo: “It’s absolutely fantastic, especially those individuals that have made the journey to the club to actually pay money into the club.
“We were sat here last week and somebody came in and put in £1,000. They didn’t want to be mentioned – they just love the club. I think there’s an awful lot of people out there who feel that way. The scheme is something that’s going to go on for a considerable amount of time and it’s not something that has got a closing date. It’s just there if people want to join in.”
For further information on the scheme, visit the Dean Court club shop or contact 01202 726325.
Comments(58)
ted1952
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8:00am Sat 20 Mar 10
Frank2010
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8:01am Sat 20 Mar 10
nonnogeppetto
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8:36am Sat 20 Mar 10
afcblee
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8:40am Sat 20 Mar 10
alasdair1967
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8:45am Sat 20 Mar 10
jamyjames
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8:50am Sat 20 Mar 10
AFCB92
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9:03am Sat 20 Mar 10
AFCB1223
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9:10am Sat 20 Mar 10
alasdair1967
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9:22am Sat 20 Mar 10
Bournemouth person
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9:43am Sat 20 Mar 10
Square Old Codger
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9:43am Sat 20 Mar 10
afcb1965
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9:56am Sat 20 Mar 10
KENETHOMEROD
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9:57am Sat 20 Mar 10
sea poole
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9:59am Sat 20 Mar 10
AFCB1223
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10:01am Sat 20 Mar 10
Square Old Codger wrote:It is our team, the one we all love to support. Contrary to your statement though, it is however THEIR club, not ours.
It's unrealistic to expect the Board to put in more money, they aren't billionaires, just moderately wealthy men who are putting a lot of time and effort in, They have from the very first made it clear that they don't have the spare cash to bail the Club out. Like them or not, they are what we have got and I haven't seen a queque of other "investors" waiting to come in and take their place. The present set up doesn't make any sense to me, even if we survive the Court appearance in ten days time ,just how do we survive the Summer when the income has been spent is a mystery. It may be that EM does have a master plan and or mystery investor(s) pending, I hope so!! In the meantime the Board should be considering initiatives, like Kids for a quid to fill the ground for the remaining fixtures. It is incidently, our Club, not theirs!
Frank2010
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10:04am Sat 20 Mar 10
sea poole wrote:Well if you are happy funding a multi millionaire to make more money for himself then carry on. You Sir are definitely a mug.
Mugs? How many people buy lottery tickets to win millions? How many people buy cigarettes? How many people get drunk, spending their money? That's a choice. If you're calling them 'mugs, I guess, in many ways, most people are 'mugs.' I've put some monies into the club -not a huge amount, but a gesture as my way of trying to help our club. Guess, I'm one of your so-called mugs, but I really don't care
Frank2010
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10:07am Sat 20 Mar 10
AFCB1223 wrote:Wealthy men. Did you not see Piers Morgan with Mr Mitchell??? You don't have that sort of money to splash about just by being moderately wealthy. Download Seven Developments accounts to see how well off Mr Mitchell is and you might change your mind
Square Old Codger wrote:It is our team, the one we all love to support. Contrary to your statement though, it is however THEIR club, not ours.
It's unrealistic to expect the Board to put in more money, they aren't billionaires, just moderately wealthy men who are putting a lot of time and effort in, They have from the very first made it clear that they don't have the spare cash to bail the Club out. Like them or not, they are what we have got and I haven't seen a queque of other "investors" waiting to come in and take their place. The present set up doesn't make any sense to me, even if we survive the Court appearance in ten days time ,just how do we survive the Summer when the income has been spent is a mystery. It may be that EM does have a master plan and or mystery investor(s) pending, I hope so!! In the meantime the Board should be considering initiatives, like Kids for a quid to fill the ground for the remaining fixtures. It is incidently, our Club, not theirs!
Ferndown Steve
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10:29am Sat 20 Mar 10
devon exile
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10:34am Sat 20 Mar 10
alasdair1967
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10:34am Sat 20 Mar 10
merrycherry
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10:59am Sat 20 Mar 10
Ferndown Steve wrote:Well said......
It seems every post, by all the usual suspects I have the displeasure to read on this messageboard, are always having a kick at Eddie Mitchell and The Board. What do you all think this negativity will gain ? - None of you, I assume, have any financial means, or business acumen to help this club, or if you had you would do, or have done, something positive about it by now !....... I also assume you all "enjoy" taking out your frustrations on EM, to the extent where I, for one, am getting utterly bored reading all this drivel, day after day, following up The Echo news snippets to fuel your fires !... Whatever sails your boat !.....I suppose....sad really !!.... In my opinion, to try and balance the views, he has done a good job with the task in hand - I feel really sorry for all the pessimism and negative thoughts you all appear to "spout" on a daily basis - I`d rather you go away and support another Club !.... I`m looking forward to promotion this season to Div One with EM at the helm, possibly additional new investors on The Board and bigger crowds enjoying Eddie Howes style of play - I`ll await all the usual put you downs and moans following my rant....on the other hand I may not bother reading anymore or commenting on all the "speculation and tittle-tattle" !!..... Up the Cherries
Bournemouth person
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11:11am Sat 20 Mar 10
lionheart
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11:18am Sat 20 Mar 10
Julian1967
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11:47am Sat 20 Mar 10
lionheart
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12:35pm Sat 20 Mar 10
Monsieur Cherry
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12:55pm Sat 20 Mar 10
Laurie H Marsh
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12:55pm Sat 20 Mar 10
nonnogeppetto
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12:56pm Sat 20 Mar 10
lionheart wrote:Fair enough if the FL dictates that only so many tickets can be discounted thats fine but my other point about the fact that here we have a team at the verge of being promoted (hopefully automatically) but there is very little enthusiasm about the TOWN the only thing people get fed is the negative fionancial situation of the club every other article here is about 'wind-ups' and debts but very little about success on the pitch. My point was about getting some elevation for what is achieved on the field and get people to rally around the team. Anyone who might be thinking about coming to the remaining matches gets the feeling that is is a waste of time because according to these latest articles they will think that we are doomed.
Nono-As for the remaining matches being kids for a quid, I believe, and someone will correct me if I'm wrong, whilst a club can hand out free tickets to swell the gate there is a Football League rule that only a certain number of home games can be at reduced prices for home supporters. I think it's four a season, otherwise if any more games are sold on this basis the offer has to apply to away fans as well.
I'm a fan of long standing and imho it is fair game that EM and the board of directors continue to get flak.
If you buy a business knowing it is carrying a high level of debt, hence you're buying it at a discount, you don't normally turn round to your customers and ask them to pay off the debt so you have a more valuable asset that you can sell on.
How do we know that Mostyn and Murry haven't had some of their alledged loans repaid from ST sales income. Perhaps EM would categorically deny this in this paper!
As to today good luck to Eddie and the boys. Six of the remaining points can come back from Lincolnshire. I sincerely hope three come back today in addition to the box of cod!
sea poole
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1:50pm Sat 20 Mar 10
djd
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1:51pm Sat 20 Mar 10
afcblee
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2:33pm Sat 20 Mar 10
Julian1967
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3:19pm Sat 20 Mar 10
afcblee wrote:Well what did i say lol..At least Eddie Mitchell has a few fans of his left.
Seapoole and djd: very well said, this forum is full of negative t••sers!
Frank2010
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3:46pm Sat 20 Mar 10
sea poole wrote:Sea poole. Please can you inform me how an educated man like you can get sucked into this ridiculous scheme.
Frank -I'd rather be a 'mug' (hopefully an educated one) than a negative cynic, who has not demonstrated any capacity to help the club, quite 'frank'ly
noel1
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4:04pm Sat 20 Mar 10
marmite man
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5:05pm Sat 20 Mar 10
High Treason
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5:07pm Sat 20 Mar 10
Bournemouth person wrote:Dream on because its just that, a dream. Wake up to reality, look at the books and spend your money wisely.
I hope everyone who loves the club will continue to help in whatever way they can, that way we are keeping the dream alive.
marmite man
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5:13pm Sat 20 Mar 10
djd wrote:There was someone else who wanted to buy the club but Mostyn advised Baker to sell it to Mitchell.
We all have to ask the question, do we want the club to continue or not ?? If we want to watch football at Dean Court, probably in League One next season, then we have to do what it takes to keep the game going at Dean Court. Whoever was Chairman, someone would belittle him . We have E.M. If someone can do the job better and has the money, please step foward. I can't see a stampede of investors coming forward. Failing that, forget football and close the gates. What do you want ?????
KENETHOMEROD
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6:20pm Sat 20 Mar 10
AFCB1223
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6:21pm Sat 20 Mar 10
winton50
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7:05pm Sat 20 Mar 10
Julian1967
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8:43pm Sat 20 Mar 10
AFCB1223 wrote:looks like a postest on the way lol.
MITCHELL OUT.......NOW...
AFCBade
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9:27pm Sat 20 Mar 10
winton50 wrote:Share scheme is the only way forward if we want to raise this money from outside the Board. Why not put 40% of share capital with the fans. EM can keep control but fans will feel they own a piece of the club. It will create investment funds and this is what the club needs.
The Em fan club ask what we want from them
Well hows this for a start - Eddie Mitchell bought his 250,000 shares in the club for £1 each. Now it seems to me that if his pound buys a share then every supporter who turns up with cash should be entitled to a share for every pound. Then it really would be our club
Why won't he do it? because it would dilute his power of course!
He's happy for us to pay of HIS debts, he just doesn't want to give us anything for it
KENETHOMEROD
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9:35pm Sat 20 Mar 10
psal
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9:55pm Sat 20 Mar 10
KENETHOMEROD wrote:Maybe his ex misses wants to start dipping her hand in her purse as well then, cos if your right he wants us to pay for her business as well. The plot thickens lol.
Winton50 - who said Mitchell paid £250 k for his shares ? I was told that his wife Brenda wrote a cheque out for £75k ? He may have 125,000 shares and his wife Brenda also has 125,000 but that does not mean he paid the full value ? How much do the clowns want to walk away ? or are we going into Admin whilst still having a CVA in place ?
elvispresleysking
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11:23pm Sat 20 Mar 10
psal wrote:(Total cost of Chairman's share acquisition from previous and current Directors £185,000)
KENETHOMEROD wrote: Winton50 - who said Mitchell paid £250 k for his shares ? I was told that his wife Brenda wrote a cheque out for £75k ? He may have 125,000 shares and his wife Brenda also has 125,000 but that does not mean he paid the full value ? How much do the clowns want to walk away ? or are we going into Admin whilst still having a CVA in place ?Maybe his ex misses wants to start dipping her hand in her purse as well then, cos if your right he wants us to pay for her business as well. The plot thickens lol.
northstandregular
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6:56am Sun 21 Mar 10
Frank2010
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9:28am Sun 21 Mar 10
bisadave
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5:30pm Sun 21 Mar 10
KENETHOMEROD
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5:34pm Sun 21 Mar 10
molbol
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5:49pm Sun 21 Mar 10
KENETHOMEROD wrote:Admins on it's way then Keith is it? And what do you think should be done to avoid it?
Forget it Fank 2010 is does not matter what people say some people will never smell the coffee. Remember all them that thought Savi / Baker were ok !
Some still think Mostyn saved the Club lol. It does not matter how you explain it they are wearing blinkers.Admins on its way.
nonnogeppetto
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7:12pm Sun 21 Mar 10
northstandregular
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9:47pm Sun 21 Mar 10
molbol wrote:I didn't think you worked on Sundays Mr Blake errrr sorry, Molbol.
KENETHOMEROD wrote: Forget it Fank 2010 is does not matter what people say some people will never smell the coffee. Remember all them that thought Savi / Baker were ok ! Some still think Mostyn saved the Club lol. It does not matter how you explain it they are wearing blinkers.Admins on its way.Admins on it's way then Keith is it? And what do you think should be done to avoid it?
Julian1967
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10:37pm Sun 21 Mar 10
northstandregular wrote:lol....God hope its not Mr Blake lol.
molbol wrote:I didn't think you worked on Sundays Mr Blake errrr sorry, Molbol.
KENETHOMEROD wrote: Forget it Fank 2010 is does not matter what people say some people will never smell the coffee. Remember all them that thought Savi / Baker were ok ! Some still think Mostyn saved the Club lol. It does not matter how you explain it they are wearing blinkers.Admins on its way.Admins on it's way then Keith is it? And what do you think should be done to avoid it?
northstandregular
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1:02am Mon 22 Mar 10
molbol
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8:26am Mon 22 Mar 10
marmite man
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11:08am Mon 22 Mar 10
molbol wrote:MAYBE THE ORIGINAL PROPOSED PURCHASER WILL TRY AGAIN BUT WITHOUT MOSTYN AROUND TO THROW ANOTHER SPANNER IN THE WORKS.
I haven't lost a debate/argument although i am losing the will to live going over the same old ground. I'm tiring of repeating myself but i will try once more; so let's get it straight - I, like many, am also not happy with certain aspects of the club and the way it's run (contrary to your beliefs). However, like you and many others i do not have the answers. We can all come on here spouting about whats wrong, thats easy - what isn't so simple is coming up with a solution. EM has made it clear isn't going to chuck money into the club so there is no point keep banging on about it - The club either needs to find a wealthy benefactor who's willing to throw money away or us as fans will have to continue doing it (if we want a club). So unless you, Julian 1960 something or Kenny have or know of someone prepared to do that, no end of moaning is going to change anything is it? Criticism' as long as constructive, is never a bad thing; however we see precious little of that on here. I just love the club and until someone comes along and is able to improve the situation i will support whatever regime is in charge. Someone daftly posted a statement 'Eddie Mitchell Out'. I'm surprised the dissenters haven't got a petition up yet. If he walks away all i ask is what then? Whether these comments are directed at the post or the poster i couldn't give a monkeys really. I am entitled to an opinion the same as everyone else. PS - I have to work on Sundays to justify the extortionate salary that i'm allegedly on.
bmthmark
says...
10:10am Wed 24 Mar 10
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High Treason says...
7:53am Sat 20 Mar 10