Cherries head of youth Shaun Brooks says the club had no choice but to vote in favour of the Elite Player Performance Plan (EPPP).
The Football League voted this afternoon to back the controversial plans which will see the current academy system replaced by categorised youth set-ups, the abolishment of the tribunal system and young players able to travel for more than an hour and a half from their home to train with clubs.
Clubs were informed that if they opted against the proposal, the annual funding they received from the Premier League would be withheld.
While Brooks admitted he didn't agree with the plans, the funding was vital to the club being able to continue their youth programme.
Brooks said, "We voted yes because we need the funding as much as any other Centre of Excellence. We need funding to pay for facilities, staffing and travel costs so it wasn't a difficult decision.
"The Premier League have too much power and to a degree they've blackmailed the Football League clubs by withholding the solidarity payments.
"It's not a surprise that it's gone through and we've just got to make our product good enough that if the big clubs come calling for our boys then there's a reason for them to play for their local club.
"The problem will arise when we've got a 13, 14 or 15 year old who we feel might be worth £1 million, we could lose them to a top club for £50,000 possibly. It could be catastrophic for the smaller clubs."
Brooks added that the EPPP wouldn't change the way the club operated as they stay committed to producing local talent capable of playing in the first-team, and the approach was supported by Eddie Mitchell. "Ever since we've been at the club the chairman has backed the youth set up," Brooks explained.
"He's a businessman and he can see the money that's come into the club from the players who have come through the centre.
"We want a nucleus of home-grown players, while selling one or two players every year to keep the club financially stable.
"At the moment we will carry on and try to produce the best kids we can because it's been successful for the club. The likes of Danny Ings have brought a lot of money into the football club and have added to their value because they've got into the first-team."
Brooks believes the key to keeping talented youngsters at the Seward Stadium is to create a bond between them and the club. He said, "We are about producing local boys who have an affinity for the club. We need to enthuse the players, to have good coaches with knowledge and create a good environment for them to come and play."
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