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Losses up at Bournemouth

Bournemouth have announced their 22/23 accounts which show the impact of promotion to Premier League. Revenue was up £141m.  Wages were £100m up 61%.  Underlying loss was £21m up 62%. Player purchases £130m.  Player sales £2.5m.   Owner and other loans £136m.

The club did, however, show an operating profit: https://www.bournemouthecho.co.uk/sport/24208748.afc-bournemouth-announce-profit-44-5m-annual-accounts/

Football finance guru Kieran Maguire comments: 'Bournemouth bought players for £130m and ended up at 30 June 2023 with squad costing £278m. Suspect this will be higher than that of Forest who started season with squad costing £12m and had net spend of £143m, but were given a points deduction.'

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