After initial analysis of AFC Bournemouth’s Financial Fair Play submission, the Cherries are set to face sanctions for breaking the regulations.
The 2014/15 campaign was played under the previously agreed Financial Fair Play rules which were set in April 2012 and were recently changed by the Football League clubs in November 2014 by a unanimous vote.
The old rules allowed a ‘maximum permitted deviation of £6million’ which was ‘consisting of a maximum adjusted loss of £3m plus a further maximum of £3m of shareholder investment.’
A statement released by the Football League read…
‘Champions AFC Bournemouth will face a financial sanction to be finalised in due course’.
The statement went on to add the sanctions that would be awarded to clubs promoted to the Premier League.
‘Any club exceeding the maximum permitted deviation that wins promotion to the Premier League will receive a fine equivalent to:
– 1% of the excess amount between £1 and £100,000
– 20% of the excess amount between £100,001 and £500,000
– 40% of the excess amount between £500,001 and £1,000,000
– 60% of the excess amount between £1,000,001 and £5,000,000
– 80% of the excess amount between £5,000,001 and £10,000,000
– 100% of any excess over £10,000,000
Fulham and Nottingham Forest, who also broke the regulations will be subject to an ‘FFP embargo` for the remainder of the current campaign.
However bizarrely, Millwall who were relegated to League One will not be punished despite breaking the same rules.
A statement on afcb.co.uk read…
‘AFC Bournemouth is fully aware of the Football League’s proposed financial sanction relating to Financial Fair Play and is currently engaged in positive dialogue with the Football League to reach a satisfactory outcome.
‘The club will update supporters when an outcome has been reached and will not be making any further comment at this moment in time.’
This was expected after the promotion and someone on here highlighted it at the time although I can’t remember who.
Our financial year runs to, I think, the end of July upon which these figures are based.
After promotion we started spending money for the Premier League season but didn’t receive the first tranche of Premier League tv cash until after the end of the financial year. So we’ve technically failed but I expect us to be cleared under the ‘further investigation’ process which will show we would have passed had we stayed down as we wouldn’t have immediately spent £8 million on Tyrone Mings etc. – Join the conversation here.
It’s easy to join AFCB Vital