Bournemouth: Cherries agree deal to buy back Vitality Stadium

written by TheFeedWired

Bournemouth have agreed a deal to buy back the Vitality Stadium and plan to expand it, says owner Bill Foley. The Cherries, then in League One, sold the ground known then as Dean Court in 2005 to property company Structadene for £3.5m before leasing it back. That was to help them pay off some of their £6.5m debts.

They have tried and failed to buy it back several times since, but Foley made the announcement of the deal at the official opening of the club's £32m training facility. With a capacity of 11,307, the Vitality Stadium is by far the smallest Premier League ground. But American Foley said they are now talking to the council and moving forward with plans to redevelop the stadium, which was first opened in 1910 but was completely remodelled in 2001 with the pitch turned through 90 degrees..

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