League One side Bournemouth have confirmed they have gone into administration.

By doing so, they will automatically receive a 10-point deduction by the Football League, leaving them bottom of the table.

Business recovery firm Begbies Traynor have been appointed to run the club, who are reported to be around £4million in debt.

Cherries chairman Jeff Mostyn put an end to weeks of speculation surrounding the club's financial state by making the announcement at a noon press conference held at Dean Court.