Bournemouth have cancelled plans to move into a new stadium by the summer of 2020, saying they were “overly optimistic”.
Back in December 2016, the club announced plans to build a new ground near their current home within King’s Park and move out of the 11,450-capacity Vitality Stadium, which is leased from property company Structadene.
These plans have now been put on the back burner with the club releasing a statement saying the team comes first and there will be no move to a new ground until they can afford it.
The statement read: “Part of the club’s vision includes, in time where resources allow, to build first class facilities for the squad, staff and supporters.
We have demonstrated our commitment to this with the purchase of land for the development of a new multimillion-pound training ground.
“The board acknowledge we were overly optimistic that a new stadium would be completed by the summer of 2020.
“Any future developments will be undertaken around a healthy financial strategy that does not take away our ability to perform at our strongest levels on the pitch and risk what has been achieved to date.
“With regard to the developments, when we have a reliable timeframe we will make those facts known.
“In this respect, we appreciate the fans’ continued and passionate support of the team, which is wholeheartedly felt on the pitch every week by the manager and the squad.
“Be assured, the board is working hard to achieve not only the vision of supporters but also the ambitions of all those associated with AFC Bournemouth for an exciting future in the best league in the world.”