With Clubs rejecting proposed changes to the Financial Fair Play criteria, the Cherries Chairman, Jeff Mostyn has spoken out to say that he believes that teh current rules are unfair and unsuitable.
Under the current rules, Clubs are permitted to loose up to £8m, or £3m if the owner doesn't inject any capital to the Club. It had been proposed to lift that limit to either £10m, £11.4m or £12.8m, but that has been rejected.
Just a few weeks ago, the Cherries announced losses of £15m.
Speaking in the Bournemouth Evening Echo, Mostyn is quoted as saying: "We believe it is unfair where you have clubs dropping into the Championship from the Premier League with a first-year parachute payment of £23m under the new £5.5billion television deal, while we are having to comply with existing rules made prior to the new deal by a majority of clubs who are no longer in the Sky Bet Championship. That is the frustration which is shared by most Championship clubs not in receipt of any parachute payment. The new proposals were only made to try to bridge the gap. The clubs are all determined to continue dialogue until a successful formula can be found. Ironically, the status quo does not suit any of the clubs as all voted for various degrees of change".
Along with the other Clubs in the Championship, the Cherries must now submit their financial figures to the Football League in December. For any Club failing to comply with the Financial Fair Play criteria, Clubs may be fined, hit with a transfer embargo or punished with a points deduction.