Bournemouth fined for breaching Financial Fair Play rules
The club have been fined £7.6m after accruing losses last season en route to the Premier League17:23 Tuesday 3 May 2016, 17:23 3 May 2016
Bournemouth have been handed a £7.6m fine for breaching Financial Fair Play rules after accumulating losses during their push for promotion to the Premier League last season.
The club’s accounts were published at Companies House last Friday and revealed the Cherries had reported a loss of £38.3million as they won the Championship in the 2014/2015 campaign.
The Football League did not confirm the size of the penalty, but details of the fine were disclosed in the club's accounts.
The Football League set Financial Fair Play limits of permitted maximum losses at £6m for a season which must be "consisting of a maximum adjusted loss of £3m plus a further maximum of £3m of shareholder investment."
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