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Showing posts with the label Maxim Demin

FFP discriminates against clubs like Bournemouth

Kieran Maguire of the Price of Football takes an in depth look at the finances of AFC Bournemouth after they paid a negotiated fine to the EFL for breaching financial fair play rules: Every breath you take The issue in relation to the EFL fine arose when the club was in the Championship in 2014/15, with a £30.4 million wage bill. This meant that Bournemouth spent £237 in wages for every £100 in income. He notes, 'The club presently have good control over wages, paying out just £52.42 in wages for every £100 of income, which is lower than the Premier League average.' Maguire argues, 'FFP discriminates against smaller clubs (such as Bournemouth) who have less ground capacity than others and also against all clubs that are not in receipt of parachute payments.' Maguire comments, 'AFCB’s owner, Maxim Demin, remains a mystery. He’s certainly put his hand in his pocket and loaned the club about £35 million. Demin’s ownership is via a company called A.F.C.B Enterprise...