A consortium led by property investor Alan Pither has withdrawn its bid to buy Bournemouth.

Bournemouth Holdings Ltd had looked set to seal a takeover deal for the club but have pulled out "with the interests of the club in mind".

However the consortium are still hoping to secure a deal for the land surrounding Dean Court with Parkcrest Construction.

A statement said: "Our decision to withdraw has been hard to make, as we would have loved to have taken the club forward."

Meanwhile, Cherries chairman Jeff Mostyn met with Football League officials on Wednesday to provide information relating to the club's application to receive the Football League Share.