posted on Jun, 6 2003 @ 08:27 AM
First Division Wimbledon have been placed into administration but the new men in charge are confident of achieving a "successful outcome".
Chairman Charles Koppell's decision to leave Selhurst Park for a new home in Milton Keynes infuriated supporters, who turned their back on the
It resulted in an alarming dip in attendances, which on several occasions slipped below 2,000.
Andy Hosking and Nick Wood, partners of Grant Thornton, have been appointed joint administrators and they are working closely with the existing
management to produce a viable long-term solution for the survival of the club.
Wood said in a statement: "This is yet another example of the intrinsic problems facing many football clubs.
"Wimbledon's problems have been well documented and like so many clubs the short-term cash flow has become critical.
"Whilst not welcomed by many, it is becoming increasingly clear a move to Milton Keynes is a key element in ensuring the club has the facilities
commensurate with its ambitions.''
Hosking added: "Over 60% of the club's current season-ticket capacity has been sold and these funds are secure and unaffected by this
"We and the directors believe, with the enthusiasm shown in Milton Keynes and the dedicated efforts of the club's staff, we will in due course see a