Dean Court football stadium will now be leased by the club

A property company bought the Dean Court ground for �3.5m and will now lease it back to the football club for about �300,000 a year.

The League One club owes almost �7m and sold off its stadium to avoid going into receivership.

Bournemouth chairman Peter Phillips said that now the financial pressure had finally eased the club "could begin to plan ahead".

We haven't gone from a skint club to a rich club, we're still a skint club but we just have fewer creditors Chairman Peter Phillips

The Cherries hope that a supporters' pension scheme set up by Dave Stone, a director of both the club and the supporters' trust, could buy back the stadium from the new owner in the future.

Mr Phillips said: "We haven't gone from a skint club to a rich club, we're still a skint club but we just have fewer creditors.

"I'm just pleased it's all done and dusted - it's been a huge amount of work."

The team currently lies in mid-table in League One and has average attendances of more than 6,000 for home games.