Mostyn can see conclusion to bid (From Bournemouth Echo)

Mostyn can see conclusion to bid

7:00am Wednesday 2nd July 2008

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PREFERRED bidder Jeff Mostyn believes "the end is in sight" as he attempts to take AFC Bournemouth out of administration.

At yesterday's Dean Court press conference, Mostyn revealed he was "confident" ahead of sending his purchaser's proposal to the Football League.

It is thought the league will discuss the proposal at a board meeting on July 10, and then come back to Mostyn with any required feedback or clarifications.

"I'd like to think that the offer we have made to the administrator that we're progressing now is as close as we're ever likely to get to a successful conclusion," Mostyn said.

"And the very fact that we're going to be moving forward with our proposals to the Football League - that we hope to have our draft in on Friday of this week - is a clear indication that we are knocking on the door of the Football League with our proposal.

"Hopefully as a result of that we will, within a very short space of time, get some positive response to the application and indeed if there is any other information we need."

Administrator Gerald Krasner, who reiterated his belief that Cherries will be docked a further 15 points, claimed that the proposals had moved forward "tremendously" since last week.

He said: "We believe that Jeff's consortium will be in a position to pass the final first draft of all the paperwork to the Football League before close of business Friday this week.

"The Football League's next meeting, I'm informed, is on July 10. Before any fans or yourselves get too excited, I think I can safely say that the transfer of the share will not happen on that day.

"They have to read the papers and in every case I'm aware of there's always one or two questions and clarifications required.

"Hopefully at the following meeting, which I believe will be before the start of the new season, this matter can be concluded for the benefit of the club."

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