Bournemouth are facing possible extinction after the collapse of a consortium led by chairman Jeff Mostyn.

Administrator Gerald Krasner confirmed that the original �1m offer to buy the Cherries, who are more than �4m in debt, is no longer on the table.

He said: "If people in the area do not wish to support the football club by making a bid, one of the options is to close the club down."

A meeting with the club's creditors planned for Monday still goes ahead.

Krasner has revealed that he will now consider the sale of players, but the administrator will make no further announcements until after next week's meeting.