BOSS Eddie Howe described as “very good news” Maxim Demin regaining full ownership of Cherries.

The Russian businessman’s company, AFCB Enterprises Limited, now owns 100 per cent of the club once again after re-acquiring Chicago-based Peak6 Investments' 25 per cent stake.

Peak6, founded by Matt Hulsizer, had become a minority shareholder of the Dorset outfit in 2015 when the group purchased a quarter of Demin's shares.

Asked what Demin once again becoming the full owner meant for him as a manager, Howe replied: “I think for me it just means the communication lines become slightly different.

“When you are talking transfers and everything which has happened during this January, to just have one point of reference for contact is helpful.

“The club has been run superbly well for a long period of time. Max has been a massive part of that.

“What he’s done for the football club has been incredible, so to have him back as sole owner, in my book, is very good news.”

Demin first invested in Cherries in 2011 when he purchased a 50 per cent stake from former owners Steve Sly and Jeff Mostyn.

Two years later, he bought Eddie Mitchell and wife Brenda's respective 25 per cent shareholdings in the club.