AFC Bournemouth chairman Jeff Mostyn was warned off investing in the club.
It was 2007 when the Manchester-raised businessman ploughed money into the now-Premier League side who, at the time, were sitting in the lower reaches of what is now League Two.
Mostyn recounts in the new book AFC Bournemouth: The Fall & Rise by Neil Meldrum (Pitch Publishing, £18.99): “I remember the lawyers saying, ‘Jeff, listen. Don’t say a word. We are sending over the full due diligence report by courier, but these are the headlines. You get in your car and drive as fast as you can back to Manchester and never think about Bournemouth again for the rest of your life, let alone visit.”
He had become involved with Bournemouth after becoming close friends with then-Bournemouth manager Kevin Bond, a former Manchester City defender, and his father, John, an ex-City manager.
“I got a phone call from Kevin and he invited me to meet (then-chairman) Abdul Jaffer to look at potential investment,” Mostyn recalled in the book.
“Kevin had made me fully aware that the football club was on its knees financially and that consortium after consortium had fallen away, including one with Harry Redknapp.”
Two years later, a consortium, which included life-long Manchester City supporter Mostyn, took over the club.
After failing to agree a Company Voluntary Agreement, the club was handed a 17 point deduction for the 2008/09 season.
Mostyn, who was raised in an Orthodox home by Sadie and Ralph Mostyn, then stepped down after funding the club’s administration process.
He returned later and was appointed vice-chairman.
Russian businessman Maxim Denim bought 44 per cent of his shares and Mostyn was re-appointed chairman in September 2013, as Bournemouth started their first Championship campaign.
Two seasons later, the South Coast club, which had twice gone into administration, reached the promised land of the Premier League, where they remain today.
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