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It's definitely not great.
Our new owners had the club borrow £65m and "lend" it (plus about another £30m of the club's cash) to them so that they could afford to buy the club.
A significant chunk of that £65m is repayable on relegation. So, most of the money from the sales of our best players will be going on paying that back rather than getting the club sorted for the championship.
aggi
@andyp
I don't know anything about it, but saw some chat earlier elsewhere that Burnley's financial situation is perilous and relegation is going to financially catastrophic. What do you know @aggi ?
Have to say, I'm sorry to see Burnley go down as I think they've been a credit to the PL over the years. Always good to see a club come up, stay up and then establish themselves, especially one with Burnley's heritage.