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Cherries To Adbide By The Financial Rules
Published : 21 May 2013 21:08:37Rss feed
With the Cherries stepping up a level, the Club will have to adhere to the tough financial rules set out by the Football League.
With promotion to the Champtionship, comes the need to make sure that AFC Bournemouth adhere to the strict financial fair play rules that come with playing at the higher level. The rules dictate that Clubs must make a profit or a small loss in a bid to avoid Clubs running up huge debts.
On the rules, Chairman Eddie Mitchell is quoted in the Bournemouth Evening Echo as saying: "They will act as an embargo to clubs and, to a degree, restrict the flow of cash going out. That can only be a good thing. It is something we have got to look at but I think there is a possibility they will influence and have a bearing on what we do in the future. We have got to look at what we have spent and where we are going to be next season with players' wages and everything else. Then, we have got to make a judgement on where we can make savings if we need to or where we can get extra revenue. If we can come up with something which is positive then we would spend and, if we can't, then we would cut. It is something which has been put in place by the Football League and I think it is a good thing. We have got to make sure we work to it, whatever the consequences. In the long run, it is going to help a lot of clubs. We have got to work within the rules because, if you overspend, then an embargo will be put on you. There could also be points deductions or fines so we can't break the rules".
Football League rules can be scrutinised here.
Source: Cherries MAD
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