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Club news

Club files annual accounts

Vitality Stadium.

AFC Bournemouth AFC Bournemouth

AFC Bournemouth Limited has filed its annual accounts for the 11-month period ending 30th June, 2017.

A change in financial year end from 31st July to 30th June was made to align internal financial reporting dates with the financial year.

The club recorded a profit after tax for the period of £14.0million, compared to a profit of £3.4million the previous year.

Turnover increased from £87.9million in 2016 to £136.5million in 2017, almost entirely due to the increased revenue generated centrally from the new three-year broadcasting and sponsorship deal brokered by the Premier League on behalf of its member clubs.

Player registration cost additions for the period were £9.3million, compared with £69.8million in the previous financial period.

This can be largely explained by the change in period-end date, which meant there was no month of July included within the reporting period – historically the month where a large proportion of player transfers occur.

Staff costs increased from £59.6million in 2016 to £71.5million in 2017.

This reflects the club offering competitive remuneration packages to attract and maintain the calibre of playing and team management staff necessary to allow the club to compete in the league, with the aim of maintaining Premier League status.

AFC Bournemouth chief executive, Neill Blake, said: “The 2016/17 season saw the club competing in the Premier League, finishing in a record high position of ninth, with 46 points. That was enough to secure Premier League status for a third consecutive season.

“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 have implemented and maintained policies with the aim of ensuring the club is run in a sustainable and successful manner.

“These policies are seen as vital in order to keep control over all expenditure that the club commits to.

“The club is in a more secure position than it ever has been, with significant recent progress made regarding infrastructure and facilities to ensure that it continues to build on its success.”

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