AFC Bournemouth fined for financial fair play breaches




Football

The EFL and AFC Bournemouth have reached an agreement to settle a dispute between them arising out of the Financial Results of the club in 2014/15.

The south coast club, now playing the Premier League, was deemed to have breached the EFL’s Championship Financial Fair Play Rules (“the Rules”) at the time, but proceedings were stayed pending the outcome of a legal challenge by Queens Park Rangers against those Rules.


A statement released by the EFL read:


“In reaching a settlement, the EFL acknowledges that the club did not make any deliberate attempt to infringe the Rules or to deceive. All relevant matters were taken into account when determining the quantum of the settlement.


“The agreed settlement of £4.75m is in full and final settlement of all and any claims by the EFL against the club and its officers, in respect of the FFP Regulations for Season 2014/15.”


QPR, we’re handed a record £40m fine for breaches of FFP regulations in 2017 following a three-year legal battle whilst Leicester City settled a claim against them in February 2018, paying a fine of £3.1m to the EFL having made a £21m loss in their 2013-14 season.
Credit:  fcbusiness.co.uk
Leave your comment.


Share on Google Plus
    Blogger Comment
    Facebook Comment

0 comments: