Chairman of the Cherries Supporters Trust says Bournemouth fans will understand why the club is looking to build a new Stadium away from Dean Court after the board claimed they were being “Held to ransom” by the ground’s owners.
Chief executive Neill Blake issued a statement on Friday afternoon confirming the decision had been taken to start looking for a suitable site following ongoing discussions over plans to develop the 11,464-capacity Vitality Stadium with owners Structadene and Bournemouth Borough Council.
Bournemouth have been established at their current site in Kings Park since 1910, but the the Vitality Stadium holds the smallest capacity of any Premier League club.
Following dire financial issues which nearly saw the club go out of existence , the Cherries slowly worked their way back up from League Two with three promotions in six seasons to reach the top flight of English football for the first time under manager Eddie Howe in 2015 before then retaining their Premier League status.
During those off-field troubles, property investors group Structadene acquired the ground in 2005 for around Â£3.5million, with a leaseback agreement for the club who would pay around Â£300,000 a year as part of a long-term 25-year lease, but also hold the option to purchase the stadium at a set price structure within five years.
As Bournemouth were unable to complete a buy-back within the allotted time frame, negotiations continued over possible future outcomes.
The club say they are now “Working closely with Bournemouth Borough Council to identify a suitable location” which could see a new stadium built for the start of the 2020-21 season.
Cherries Trust chairman Tony Maycock, who is one of s ome 6,827 season-ticket holders at the Vitality Stadium, believes given the testing circumstances, the club were left with little choice.
“The statement confirms a lot of rumours that the current owners of the ground are asking too much for what the ground actually is, but they are in a position that if we want to buy the ground, then that is what they want to sell it for,” Maycock told Press Association Sport.
Maycock added: “The club have been trying to get a sensible price for the ground and it appears they have not been able to do that.
“If the only way they can realistically improve capacity is to move, as much as we would hate that, we can understand the reasoning behind it.”
Blake stressed the club had done all they could to find a solution which would allow the Cherries to remain at Kings Park.
“The shareholders want to create a legacy of AFC Bournemouth becoming an established Premier League club in a stadium which is befitting of our status, and we believe that building a new stadium on a new site will allow us to deliver that,” the statement said.
Bournemouth are 10th in the Premier League following their dramatic 4-3 home win over title contenders Liverpool.
“The knock-on effect has been good for the players because it has given them a spring in their step this week, but the work has been the same,” Howe said at a pre-match press conference on Friday morning before the stadium announcement.
The post Bournemouth supporters will understand stadium decision says Trust chairman appeared first on Sportoners.