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Russian co-owner for Cherries


41-year old petrochemicals trader Maxim Demin is understood to have become the new co-owner of AFC Bournemouth, but he is believed to have ticked the 'no publicity' box and will not talk in public about his role in the club.   It has been reported that he paid £850,000 for his stake.  It is not known if he will attend games.

He has a luxury mansion on the nearby Sandbanks peninsula at Poole which is one of the most exclusive and expensive addresses in Britain.    Eddie Mitchell with his wife Brenda is the other co-owner and his company, Severn Developments, designed and built the residence for Demin there seven years ago.

Jeff Mostyn and Steve Sly have sold their shareholdings of respectively 44 per cent and six per cent in the club.

The club would like to develop the open south end of the stadium, building a fourth stand and a hotel.  Stadium landlords Structa-dene last week rejected two bids from Cherries to buy back the ground, the latest offer being £4.5m.