AFC Bournemouth chief executive Alastair Saverimutto revealed that the Cherries need someone with very deep pockets to be successful in the long term.
He told the UpTheCherries website, “In my qualified opinion, this club requires a minimum purse of an additional £650k to £1m per season, the immediate financial muscle to re-purchase the stadium freehold at circa £4m”. That’s about £5m. Surely the owner of Man City, Sheik Mansour bin Zayed al Nahyan of Abu Dhabi, must have some very rich friends who would love to come and live in the Jewel of the South Coast.
He went on to say, ‘no one person could have ever predicted the unlikely sequence of events that followed from August 08: – The FL’s penalty of -17pts, an additional £500k liability handed over to us whilst the FL’s gun remained firmly aimed at the clubs head, a poor start to the season causing the removal of 2 managers, a significant drop in gate and corporate revenues, lost sale of Paul’s business through to the credit crunch, and critically a public promise of major investment that never happened!
Well Mr Saverimutto, most would of predicted the points deduction, the poor start to the season and the credit crunch at the very least. So, good luck in your next venture.