Bournemouth fined £7.6m after breaching Financial Fair Play rules
By Sky Sports News HQ
Last Updated: 03/05/16 1:59pm
Bournemouth will have to pay a fine of £7.6m after they broke Financial Fair Play (FFP) rules on their way to securing promotion to the Premier League last season.
Clubs are allowed a 'maximum deviation' of £6m per season without punishment under the FFP agreement but the Cherries posted a £38.3m loss in 2014/15 as they won the Sky Bet Championship.
The was an increase from a loss of £10.3m the previous season, predominantly due to player and staff wages, which rose to £30.4m, a figure more than double the club's turnover of £12.9m.
The extent of the overspend was not revealed by the Football League, but club accounts registered with Companies House have confirmed the amount to be paid by the Cherries.
Fulham and Forest were subsequently placed under a transfer embargo after they broke the FFP rules while in the Championship.
Club accounts also showed it cost the Cherries £4.6m to bring the Vitality Stadium up to the standards required for the Premier League.