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Bournemouth move into loss

AFC Bournemouth lost £209,000 a week in 2017/18 compared to profit of £305,000 a week the previous season (which was 11 months long for accounts). Bournemouth are the 10th Premier League club out of 13 who have reported to date who have made a loss. The operating loss was £9.1m. Turnover was down £1.6m to £134.9m, mainly because of a slightly lower finishing position in the league. Bournemouth accumulated losses over the years are £59 million.

Sponsorship and advertising was up from £3.6m to £6.8m, exceeding match and season ticket income at £5.3m. 89% of Bournemouth’s income came from broadcasting in 2017/18 despite TV money falling by £5m.

Bournemouth borrowed £30.7 million from owners and repaid loans of £14 million in 2017/18. Bournemouth owe its British Virgin Islands parent company £45.6 million and its US based minority owner £26.5 million.

Bournemouth wage bill rose 55% in 2017/18 compared to previous 11 month period and paid out £102 million in wages. Total staff wage costs accounted for 76 per cent of turnover, slightly above the recommended Uefa level. Their highest paid director received £1.5m.

The Cherries bought players for £56 million and had sales of £9 million in 2017/18. They could have to pay up to £29 million to clubs and players if certain add ons and conditions are achieved.

During the year the club completed the purchase of a 57 acre plot of land at the former Canford Magna golf course for £3.75m plus fees. This is intended to be the site of a new training complex.

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