THE threat of being wound-up is once again hanging over AFC Bournemouth after another of the club's former company secretaries demanded his money back.

John Piper, who is owed £75,000 after paying the players' wages in 2004, stunned fans by dropping the bombshell at a crucial meeting to discuss the sale and leaseback of Dean Court.

His shock announcement set the scene for a stormy and emotional meeting at AFC Bournemouth's Fitness First Stadium, in which:

 He slammed the management of the club as "appalling",

 Board member Stephen Coles spoke out against the re-financing scheme and predicted the club would be in administration within 18 months.

 Former chairman Norman Hayward called the proposals "a terrible deal" and offered to bring his legal experts to Dean Court to consider an alternative.

 Current chairman Peter Phillips was visibly moved when his deputy Abdul Jaffer paid tribute to his efforts and angrily challenged critics to "do better yourselves".

The Community Mutual meeting was called to launch a secret ballot on the club's plan to sell the stadium to an unnamed property investment company for £3.5million and rent it back for £300,000 a year.

The mutual board was clearly split on the issue but recommended members support the scheme subject to a clear and realistic business plan being produced.

But the issue was overshadowed by Mr Piper's threatened injunction and the obvious divisions within the club.

Mr Piper, who was company secretary for a spell in 2004, said he desperately needed £40,000 repaid.

He said: "That money was and is my current working capital and I can no longer sustain such an outstanding debt. "Therefore I have to inform the meeting that an injunction will shortly be sent to the club."

He added: "We're in these panic times tonight because of bad management. That's the only reason."

His threat comes just three months after the club survived a winding-up order brought by Andrew Noonan - another of its former company secretaries.

Accountant Stephen Coles, a member of the community mutual board and a fans' representative on the main board, said he didn't think the club could afford the rent and added: "I endorse much of what John Piper has said."

But his comments were hotly disputed by vice-chairman Abdul Jaffer and chairman Peter Phillips.

An emotional Mr Jaffer received a rapturous round of applause after he shouted: "Do you think we're going to go into this scheme to see the club go down the drain within a year? Do you think we want to do that?

"I've paid four months of wages for the club - do you realise that? It's very easy to criticise but come and do it yourself. If you've got the guts, come and do it.

"This is the only scheme we've got that is going to work. We're all here because we all care about the club and we want to see it go forward. Let's be positive for once."