MOSTYN IS PREFERRED BIDDER (From Bournemouth Echo)
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MOSTYN IS PREFERRED BIDDER
1:30pm Tuesday 29th April 2008 in
GERALD Krasner this morning confirmed Jeff Mostyn as the preferred bidder to take Cherries out of administration.
Administrator Krasner told the press at Dean Court that Mostyn yesterday handed him a cheque for £80,000 to cover player wages and other bills.
It was confirmed, however, that the latest bid was a fresh offer from Mostyn and was not related to two bids received by Krasner earlier this month.
Begbies Traynor official Krasner also revealed it was "highly unlikely" that another corporate voluntary arrangement (CVA) proposal would be put forward and that Mostyn now has exclusivity following his latest offer.
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