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Bournemouth losses over years £169m

Bournemouth lost £55 million in the Championship in 21/22 despite parachute payments, reports Kieran Maguire.  Bournemouth total losses over the years now £169 million.

Bournemouth spent £19m cash more than the club generated from day to day activities. Cash flows from player trading broadly neutral. Borrowed net £17m from owners and Macquarie during the year to cover operational needs.

Parachutes were almost £38m, EFL tv money almost £5m. Fans returning from lockdown  increased matchday by £5m but overall income down £18m due to reduced parachutes and technical reasons.

Staff costs higher than previous season due to promotion bonuses. Wages £115 for every £100 of revenue.   Player purchases £22m, player sales £24m

Interest costs £150k a week.   Bournemouth owe the British Virgin Islands holding company £164 million.

Since the year end club has been taken over. Club owes new owners £90m and has borrowed a further £30m elsewhere. Player purchases in Premier League £103m..

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