English Premiership

Bournemouth report loss for 2018/19 financial year

2020-03-18 21:09
Eddie Howe (Getty Images)

Premier League strugglers Bournemouth made a loss of £32.4 million after tax for the financial year ending 30 June 2019.

Eddie Howe's side were fighting to avoid relegation and sat in the bottom three before the coronavirus pandemic forced the season to be halted.

Off the field, their finances are no more healthy after the announcement of losses that grew from £10.9 million for the same period last year.

As well as the increase in loss, club turnover was down by £3.7 million, from £134.9 million in 2018, to £131.1 million in 2018.

Bournemouth said the decrease was "mainly attributed to a lower Premier League finish of 14th place".

The Cherries' spending over the period was £94.2 million, compared with £55.8 million in the previous period.

Jefferson Lerma, David Brooks and Dominic Solanke were among the costly arrivals, which the club said "demonstrates the board's commitment to the continued development of the playing squad".

Wages were also up from £101.9 million in 2018 to £110.9 million in 2019, but results have not improved despite the spending.

The figures did not include the income from Tyrone Mings' £20 million switch to Aston Villa and Lys Mousset joining Sheffield United for £10 million

Commenting on the results, Bournemouth chief executive Neill Blake said: "During the financial year, the club's focus was to consolidate its position in the Premier League through targeted expenditure on assets and expertise in the playing squad and supporting infrastructure.

"The directors continue to maintain close control over cash flow and continue to develop and maintain policies with the aim of ensuring the club is run in a sustainable and successful manner."

Read more on:    english premiership  |  bournemouth  |  soccer


Read News24’s Comments Policy

Sunday, 05 April 2020
Manchester City v Liverpool, Etihad Stadium 02:00
West Ham United v Chelsea, London Stadium 02:00
Monday, 06 April 2020
Everton v Leicester City, Goodison Park 02:00
Friday, 10 April 2020
Newcastle United v West Ham United, St. James' Park 02:00
Team P W PTS
Previous Results

Date Home Team Result Away Team

And the 2019/20 English Premiership champions will be ... ?

Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter


The 2019/20 Absa Premiership season is in full swing. Will Mamelodi Sundowns retain their title? Or can one of Kaizer Chiefs, Orlando Pirates, Wits, SuperSport United - or another team perhaps - snatch glory from the Brazilians? Be sure to visit Sport24 for all the latest news!

Latest blogs

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.