Bournemouth have been handed a hefty fine after it was discovered that the club had breached the Financial Fair Play rulings. The sum total of the fine is said to be around £7.6m according to BBC Sport, after the club sustained huge financial losses in securing their promotion to the Premier League in 2014/15.
Eddie Howe's side were crowned champions of England's second tier last season but sadly the club did not comply with the rulings which permit financial losses at a maximum of £6m.
The supposed total losses from their title-winning campaign stand at around £38.3m, over six times the permitted limit. This loss was up £10.2m from the previous season because of increased staff wages with the club seeking to elevate their status and achieve their Premier League goal.
Staff and player wages were valued at £30.2m a figure more than double the club's turnover which was valued at £12.9m, showing just how serious the issue is.
The club now faces the potential prospect of being placed under a transfer embargo. Championship sides Bolton Wanderers, Nottingham Forest, and Fulham all faced this punishment after breaking similar rules.
It was also revealed that the Cherries had to use £4.6m of their resources in order to bring the Vitality Stadium up to Premier League standards. The stadium is the smallest in the division by some distance.
This news will no doubt hurt the club after what has been a very promising debut season in the top-flight with survival already guaranteed.
A transfer embargo could prove devastating to the club's potential to recruit in the summer and Howe's task of continuing the club's progression may have just become a little bit more difficult upon hearing this news.