Lewis Grabban

[Widdow]

Us buying Grabban helps pay off Bournemouth's EFL FFP fine, with a little bit money left over.


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 Club 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.
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.

Now the money any team fined should be distributed among all the other teams in Championship as those clubs broke rules to get promoted. When we fell foul of FFP we were hit hard and it put us back years.

Are you absolutely sure that the fine money gets redistributed amongst the other clubs in that division?

I read somewhere that had changed when the rules were modified again at the start of the 2016 - 17 season.

Previously the money was paid into the EFL Pool account and shared out evenly amongst the clubs; the article that I read stated that the money would now go to an EFL Financial Fair Play Account and would be distributed to grass roots and charitable organisations - the EFL site confirms the change of account details but does not elaborate on the distribution of monies.

FFP is now governed by the Profitability and Sustainability rules; clubs that break the rules are investigated by an independent Fair Play Panel.

The range of penalties for breaches of the rules have been extended to include Embargo's, fines, points deductions, demotion or prevention of promotion.

The PL have bought in to the changes and agreed to enforce any punishment levied by the panel.

Once the QPR case is closed, there will be no other loop holes to hide behind.

As I said, the money "should be" distributed between other clubs..

Your right in now goes to Grass roots - and charitable lol - More money for the EFL to spend on entertainment. Doesn't do anyone any good, and money doesn't really get seen/

Divided between clubs always helps give a bit of income, and another warning to clubs as you will be giving your money to other teams.