AFC Bournemouth Limited has filed its annual accounts for the year ending 30th June 2022.
The statements cover a year in which the club was promoted back to the Premier League.
The club recorded a loss before taxation of £55.5m (2021: profit of £17.0m) mainly as the club made a concerted effort to get back to the Premier League in its second season away.
Turnover was down by £18.5m to £53.2m (2021: £71.7m). This decrease was mainly attributable to the reduced parachute payments receivable from the Premier League, although this decrease was offset by increased income from the return to full crowds and an active hospitality and events function after the Covid-19 pandemic.
The Club recorded an operating loss of £48.7m (2021: profit of £23.6m) which included a gain in respects of player sales totalling £6.9m (2021: £55.8m).
Neill Blake, AFC Bournemouth Chief Executive Officer, said: “During the last financial year, our focus was to achieve promotion out of the EFL Championship, which was ultimately achieved.
“A strategy of targeted expenditure on valuable assets within the playing squad, along with supporting infrastructure, continued to be a key component of the club’s outlook. This underpins our ambition to compete in the Premier League on a regular basis.
“The directors 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. These policies are seen as vital in order to keep control over all club expenditure, in order to go some way to mitigating the risks arising from the inherent uncertainty over league status in the following season.
“We are very excited to see how the future of the club unfolds now that we have new ownership, with additional resources set to improve the club’s infrastructure, playing squad and global appeal.”
The Club's accounts in full can be read here.
