Welcome Guest [Log In] [Register]

Royals Rendezvous Statement
Royals Rendezvous has moved to a new location, please go to royalsrendezvous.co.uk to continue the discussion.

Username:   Password:
Add Reply
Bournemouth fined £7.6m
Topic Started: 3 May 2016, 05:53 PM (152 Views)
daib0
Member Avatar
Inter-Forum Gamemaster!
BBC Sport


Bournemouth fined £7.6m for Financial Fair Play rule breach

Bournemouth were handed a £7.6m fine for breaching Financial Fair Play rules after accruing huge losses last season en route to Premier League promotion

The Football League did not confirm the size of the penalty, but details of the fine - which has not yet been paid - were disclosed in the club's accounts, which show they made a £38.3m loss in winning the Championship in 2014-15. That was up from £10.3m the previous season, mainly because of staff wages, which rose to £30.4m, more than double the club's turnover of £12.9m.

Eddie Howe's side won the Championship title last season but exceeded Financial Fair Play limits of permitted maximum losses of £6m for a season. Championship sides Bolton, Fulham and Nottingham Forest were all placed under a transfer embargo after breaking similar rules.

The accounts also revealed that it cost the Cherries £4.6m to bring their stadium up to Premier League specifications.


Royals Rendezvous - a specialist and friendly Reading FC fan forum
Cello man... VIDEO https://www.youtube.com/watch?v=yEVmGOEMJLE&t=12s Please share !
Offline Profile Quote Post Goto Top
 
Madejski

£38m losses. Stuff of fairytales...
Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
« Previous Topic · General Football Discussion · Next Topic »
Add Reply

Royals Rendezvous - 2013-16