Sports Football 19 Mar 2020 EPL club Bournemouth ...

EPL club Bournemouth make 32.4m pounds loss

AFP
Published Mar 19, 2020, 8:44 am IST
Updated Mar 19, 2020, 8:44 am IST
Fighting to avoid relegation, Bournemouth was in the bottom three before the league came to a halt due to coronavirus outbreak
Bournemouth's Dean Court ground. DC File Photo
 Bournemouth's Dean Court ground. DC File Photo

London: Premier League strugglers Bournemouth made a loss of $37.74 million after tax for the financial year ending June 30, 2019.

Eddie Howe's side were fighting to avoid relegation and sat in the bottom three before the coronavirus pandemic forced the season to be halted.

 

Off the field, their finances are no more healthy after the announcement of losses that grew from 10.9 million pounds for the same period last year.

As well as the increase in loss, club turnover was down by 3.7 million pounds, from 134.9 million pounds in 2018, to 131.1 million pounds in 2018.

Bournemouth said the decrease was "mainly attributed to a lower Premier League finish of 14th place".

The Cherries' spending over the period was 94.2 million pounds, compared with 55.8 million in the previous period.

Jefferson Lerma, David Brooks and Dominic Solanke were among the costly arrivals, which the club said "demonstrates the board's commitment to the continued development of the playing squad".

 

Commenting on the results, Bournemouth chief executive Neill Blake said: "During the financial year, the club's focus was to consolidate its position in the Premier League through targeted expenditure on assets and expertise in the playing squad and supporting infrastructure.

"The directors continue to maintain close control over cash flow and continue to develop and maintain policies with the aim of ensuring the club is run in a sustainable and successful manner."

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