25th November 2011
AFC Bournemouth wanted to sign Matt Ritchie on loan, with a view to a January transfer for £250,000, but this was turned down by the Robins. PDC said "he wanted £2,000,000 minimum, or £3,000,000, but reckoned he was worth at least £4,500,000 if he proved himself. The club didn't need the money, there were no financial problems, and that PigHill was a strong club financially."
http://www.bbc.co.uk/sport/0/football/15897078
24th January 2012
"not for sale"
The Official PigHill twitter says PDC has stated "midfielder Matt Ritchie is ‘not for sale’ and that there have been no bids for the winger."
30th January 2012
Ritchie signs for Bournemouth for £400,000.
http://www.bbc.co.uk/sport/0/football/21265257
31st January 2012
PigHill announced late last night that a consortium had agreed to takeover from the current owners, part of which involved them writing off large amounts of their "investment". However, the football league need to undertake a "fit and proper" assessment of the new owners and directors which takes a short time.
STFC confirm they needed to sell Ritchie, as there was no money left to pay the bills.