Bournemouth fined $11.1million for breaching Financial Fair Play rules
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Bournemouth were fined £7.6million ($11.1million) by the Football League for breaching Financial Fair Play rules in their promotion-winning season.
The club's accounts were published at Companies House on Friday April 29 and they revealed the Cherries had reported a loss of £38.3million ($56.2million) as they won the Sky Bet Championship in the 2014/2015 campaign.
The Football League set Financial Fair Play limits of permitted maximum losses at £6m ($8.8m) for a season, "consisting of a maximum adjusted loss of £3m ($4.4m) plus a further maximum of £3m ($4.4m) of shareholder investment."
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The size of the fine had not previously been disclosed by the Football League.
Bournemouth's loss was an increase of some £10.3m ($15.1m) for the previous financial period, with staff wages up to £30.4m ($44.6m), with turnover at just under £13m ($19m).
As part of the accounts, Bournemouth also confirmed there had been an outlay of £4.6m ($6.75m) for the Vitality Stadium to meet Barclays Premier League regulations as well as a £2m ($2.9m) payment to shareholders due following promotion to the top flight for the first time in the club's history.
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Bournemouth, nine points clear of the relegation zone, have secured their Premier League status for another campaign, which will see a massive increase in revenue following the start of the new broadcasting deal from 2016/2017.
In the director notes within the published accounts it was stated: "The directors continue to maintain close control over expenditure and have implemented effective policies and procedures to ensure the club is run efficiently and effectively."