Bournemouth vice-chairman Jeff Mostyn is hoping the club's transfer embargo will be lifted "sooner rather than later".

Mostyn had a positive meeting with Football League officials just days after the Cherries were successfully taken over by Murry Group.

Mostyn told the Daily Echo: "In order to get the league to consider lifting the current embargo, we needed to demonstrate that we had an agreement in place with HMRC and I was able to satisfy them on this point.

"We are also required to clear the football creditors and, most importantly, provide the league with a cash flow demonstrating our ability to fund the club for the entire season and beyond.

"I have every confidence that, once we have provided them with the detailed cash flow forecast, it will be lifted sooner rather than later."

Mostyn has been working around the clock in a bid to get the embargo relaxed so the Cherries can complete the signing of Lewis Smith. And although his latest attempt failed on Thursday, Mostyn will continue dialogue early next week.