EPL side Bournemouth could be hit with a "large fine" after overspending in its pursuit of promotion to the top flight last season, according to Gary Jacob of the LONDON TIMES. The club lifted the League Championship trophy last season and has made a "promising start" to its inaugural campaign in the Premier League. The Football League confirmed that Bournemouth was "among three clubs to breach Financial Fair Play spending limits last season." Fulham and Nottingham Forest have been handed a transfer embargo "until at least the end of the season while the League has asked for more information from some other unknown clubs" (LONDON TIMES, 12/24). REUTERS' Shravanth Vijayakumar reported the Football League said that Bournemouth was "one of several clubs" to have spent in excess of £6M ($8.9M) more than what it generates in revenue -- the "maximum permitted deviation." The club said in a statement, "AFC Bournemouth is fully aware of the Football League's proposed financial sanction relating to financial fair play and is currently engaged in positive dialogue with the Football League to reach a satisfactory outcome." Details of the amount Bournemouth is likely to be fined "have not been published" but will be determined by how much it went over the threshold (REUTERS, 12/24). In London, Jonathan Veal reported League Championship sides Fulham and Nottingham Forest were sanctioned after exceeding an adjusted loss of £6M, while Bolton was punished after being "unable to submit their FFP return owing to their current off-field situation" which has seen them served with a winding-up petition by U.K. tax authority HMRC over an unpaid tax bill. The punishment means that all three clubs "will be unable to sign players in next month's transfer window" (INDEPENDENT, 12/24). The BBC reported Fulham and Nottingham Forest "will have the opportunity to have the embargoes lifted in June." To do so, they will need to prove they have stayed within an operating loss of no more than £3M ($4.45M), with a maximum of £3M of shareholder investment for the '15-16 season. Meanwhile, the Football League said it is also in discussions with a number of other clubs over their FFP submissions, with any further embargoes "to be announced in due course." One of those clubs is understood to be Premier League leader Leicester (BBC, 12/24).
