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Cherries: Club agrees terms with Burnley for Howe
Chairman Eddie Mitchell confirmed in the past few minutes that the club had reached an agreement over compensation for Howe, who is set to return for a second stint in the Dean Court hot-seat.
Howe will now talk personal terms with Cherries and is expected to be unveiled as manager either later today or before tomorrow's clash against Leyton Orient.
The 34-year-old and assistant Jason Tindall are expected to be offered three-and-a-half year deals.
Meanwhile, Burnley this afternoon also confirmed a compensation package had been agreed for Howe with a post on the club's official Twitter account.
Mitchell, meanwhile, said he was confident Howe and Tindall would have signed contracts prior to tomorrow's game.
Mitchell told the Echo: "Eddie knows us and we know him and it is almost as if I am appointing another person from in-house because, in the spirit of things, I don't think he ever left.
"It is a great coup for the club and we are very pleased with the deal. We now feel we have got the best off-field team in place and the best squad we could assemble. We have got to do the rest on the pitch now.
"If Eddie thinks promotion is realistic with the squad we have got then that has got to be our aim.
"He will know that and I think he will deliver."
Mitchell confirmed he would be discussing with Howe and Tindall the possibility of former boss Paul Groves and assistant Shaun Brooks working within the new management set-up.
He added: "We will be looking at trying to retain the services of Paul and Shaun. With Eddie and Jason coming back on board, the knowledge this would give us would make us unrivalled in our league and we would have to make the best use of it.
"We are all part of the same club and want to do our best by the club and be supporters."
In a statement on the club's official website, Burnley said: "Burnley Football Club can confirm that a compensation package has today been agreed with AFC Bournemouth for the services of manager Eddie Howe.
"Howe has today left Burnley Football Club for personal and family reasons."