SANDBANKS property magnate Eddie Mitchell has emerged as a potential member of Jeff Mostyn's latest consortium, the Echo understands.

The Cherries chairman is believed to be fronting one of two new bids for the ailing Dean Court club, with former ally Marc Jackson leading the second offer - which was made to administrator Gerald Krasner just minutes before yesterday's creditors' meeting at Dean Court.

Jackson, Mostyn and vice-chairman Steve Sly's previous consortium, which had made an initial £1million offer to Krasner in March, collapsed late last week with "contractual issues" cited as the reason for the fall-out.

Mitchell, meanwhile, is understood to be considering his future with Cherries' Dorset neighbours Dorchester Town, where he is the majority shareholder.

The Magpies are on the cusp of relegation from the Blue Square South after crashing to a 4-0 defeat against high-flying Hampton and Richmond on Saturday.

And sources close to the Echo claim property guru Mitchell is part of Mostyn and Sly's latest attempt to take the club out of administration.

Mitchell was first reported to have an interest in Cherries when the club fell into administration back in February.

The Echo revealed on February 13 how Mitchell was fronting a five-strong consortium to buy Cherries, but the developer later cooled his interest, claiming Krasner's "advanced" negotiations with another party had put him off making a bid.

Krasner disputed that claim, insisting a representative for Mitchell had simply been urged to act quickly due to strong interest from other parties, but did admit that Mostyn had an exclusivity agreement in place.

Jackson, meanwhile, arrived at Dean Court around 10.15am yesterday and when asked by the Echo if he had his chequebook, the businessman replied: "Absolutely."

Krasner then revealed to creditors that the second of the two bids, understood to be Jackson's, had been submitted just two minutes before the start of the meeting at 11am.

Addressing the creditors yesterday, Krasner said: "The difference between the two bids is marginal. I have told both bidders that after the CVA meeting, it is my intention to get them in a room together and put to them certain matters I want clarification on.

"I will then set down the rules for what I call the master bid and what it has to contain. They will probably have until noon or 2pm tomorrow (to submit their best bid).

"Both bidders have been told that to stay in the race they have to give me a £100,000 deposit and the losing bid will get that back when the decision is made, with interest added as appropriate. I'm not disclosing who the bidders are or the amount."

Speaking to the Echo last night, however, Jackson claimed his consortium had already deposited the £100,000 requested by Krasner.

Jackson, who claims to have secured investment from Dubai, added: "Our bid is in the pot and we'll find out tomorrow at 2pm. That's all we can do.

"We've got great plans for the club and our intention is to build the fourth stand and everything else.

"But we're businessmen and are not going to bid more than we have to just for the sake of it.

"There are four people in the consortium and we have got good fiscal strength behind the bid."

When asked by the Echo last night to confirm if he was one of the bidders, Mostyn said: "I won't be making any comment at the moment as I want to respect the administrator's plea for confidentiality at this time.

"I'll be happy to speak tomorrow after the administrator has decided on the successful bid."