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Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 10:51 am
by ClaretTony
Statement from club:
Further to the Premier League statement released post the Premier League Shareholders meeting held on Friday 3rd April, Burnley FC is keen to be transparent with supporters, staff and stakeholders and is therefore able to confirm that due to the continued suspension of Premier League games this presents some significant challenges for the football club.
Burnley FC are set to lose around £5 million in lost revenue from the remaining home games which in the event that the season finishes would be unlikely to be recouped owing to the likely prospect of these fixtures being played behind closed doors.
In addition, the Clarets face missing out cash payments from the Premier League of up to £45 million in broadcasting revenue and other items if the season is not finished. It is believed that other clubs could be looking at up to a £100m shortfall.
Commenting on this Burnley FC Chairman, Mike Garlick said: “It’s a completely unprecedented situation that we and other Premier League Clubs face and which we could not have foreseen in anyway only just a few weeks ago.
“It’s now not just about Burnley or any other individual club anymore, it’s about the whole football ecosystem from the Premier League downwards and all the other businesses and communities that feed from that ecosystem.
“As a club, as fans, as staff members and as a town we are all in this together and I’m sure we can get through this by sticking together and helping each other in every way possible in these tough times.
“We all need to do our bit, however small, together as One Club.”
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:07 am
by clansman
No real surprise with this bad news given the situation.
Problem for Burnley is that we don’t have mega investors willing to pump in money to support the club. As a business that means making tough decisions. Almost certainly job cuts as a start and the perhaps approach banks for a lian(supported by Government Guarantee scheme.
Players wage reduction will help but still leaves a gap. We are better prepared than many clubs!
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:09 am
by ClaretTony
You can see why clubs are keen to get the season finished - that £45 million wouldn't be lost to us then.
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:09 am
by clansman
clansman wrote: ↑Sat Apr 04, 2020 11:07 am
No real surprise with this bad news given the situation.
Problem for Burnley is that we don’t have mega investors willing to pump in money to support the club. As a business that means making tough decisions. Almost certainly job cuts as a start and then perhaps approach banks for a loan supported by Government Guarantee scheme.
Players wage reduction will help but still leaves a gap. We are better prepared than many clubs!
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:15 am
by StuffyClaret
Question: Does the £5 million loss in matchday revenue include an assumed refund of partial season ticket fees? If this is the case I am pretty sure that the majority of Clarets will be happy to write that money off (next seasons payments are a separate issue). Obviously I would be a fool to assume that this would be the case but I definitely don't plan to be chasing BFC for the balance of my 2019/20 payment.
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:16 am
by randomclaret2
Looks like all remaining games played in June , behind closed doors, is close to becoming the only option
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:19 am
by Chester Perry
That would push us back to 2014 financially - no transfer funds and hawking future tv earnings to banks to help with cash flow and starting again - better than some and well within FFP - but the billionaires will be fighting to loosen that now
you wonder about Villa - you can see them being £60m - £70m short if the season ends. Their owners have been happy to chuck money at them but if rules prevented it they would be toast
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:20 am
by Chester Perry
StuffyClaret wrote: ↑Sat Apr 04, 2020 11:15 am
Question: Does the £5 million loss in matchday revenue include an assumed refund of partial season ticket fees? If this is the case I am pretty sure that the majority of Clarets will be happy to write that money off (next seasons payments are a separate issue). Obviously I would be a fool to assume that this would be the case but I definitely don't plan to be chasing BFC for the balance of my 2019/20 payment.
about 20% of it that is all, advertising, hospitality (including food and drink in the stands) and sponsorship would account for the rest
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:22 am
by Heathclaret
Apologies, wrong thread.
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:27 am
by Steve-Harpers-perm
Season will be finished no way clubs will be missing out on this amount of cash.
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:27 am
by beddie
ClaretTony wrote: ↑Sat Apr 04, 2020 11:09 am
You can see why clubs are keen to get the season finished - that £45 million wouldn't be lost to us then.
Absolutely. I really don't see why, when everything is back to normal we can't start the season again. Even if it's Sept/Oct/Nov. Then the new season can start say 1 Jan-Feb. Just move everything forward, even the Euros. This could be adopted throughout football.
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:28 am
by Chester Perry
Steve-Harpers-perm wrote: ↑Sat Apr 04, 2020 11:27 am
Season will be finished no way clubs will be missing out on this amount of cash.
PL Clubs could survive this - but not the missing of a whole season such as 2020/2021
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:28 am
by randomclaret2
Games can be shown live at 3pm on Saturdays now as well, at least for the remainder of this season
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:31 am
by Chester Perry
randomclaret2 wrote: ↑Sat Apr 04, 2020 11:28 am
Games can be shown live at 3pm on Saturdays now as well, at least for the remainder of this season
Posted elsewhere (a few weeks back) that this will be a very difficult door to close - City especially will see this as an opportunity, they are absolutely ruthless and devoid of compunction
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:34 am
by ClaretTony
randomclaret2 wrote: ↑Sat Apr 04, 2020 11:28 am
Games can be shown live at 3pm on Saturdays now as well, at least for the remainder of this season
Strong suggestion that the PL won't do this to protect the Football League and National League.
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:34 am
by NewClaret
Quite staggering.
Surely the season will finish behind closed doors though?
Players return to training but take sensible precautions (other people are working and doing the same), travel to matches individually, etc.
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:37 am
by ClaretTony
Chester Perry wrote: ↑Sat Apr 04, 2020 11:28 am
PL Clubs could survive this - but not the missing of a whole season such as 2020/2021
No way can they afford to miss a full season - the losses then would be devastating, particularly for a club like ours who have no benefactor. We know, now, that in normal circumstances we had our place in the Premier League for 2020/21 and we can't afford to lose that money.
I am a bit baffled with the figure of £45 for lost TV revenue. Given we've played 29 of the 38 games, the loss of £45 million would be for nine games which is £5 million per game. Given that ratio, you'd be looking at £190 over a full season.
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:44 am
by Chester Perry
Chester Perry wrote: ↑Sat Apr 04, 2020 11:19 am
That would push us back to 2014 financially - no transfer funds and hawking future tv earnings to banks to help with cash flow and starting again - better than some and well within FFP - but the billionaires will be fighting to loosen that now
you wonder about Villa - you can see them being £60m - £70m short if the season ends. Their owners have been happy to chuck money at them but if rules prevented it they would be toast
The other thing I wrote about a few weeks ago was that in such a scenario clubs in a healthy financial position could asset strip those in weaker positions at a bargain price
For us that would mean finding it difficult to resist bids for Pope, Tarks and Dwight
If current FFP rules remain in place without relaxation (as the PFA have demanded) then we would be weakened less than a number of our rivals in the Premier League as a result of our past prudence - (it is likely to persuade the likes of Hendrick to stay - unless he has signed a pre-contract elsewhere). We may even find a relative bargain or 2 in the championship especially if we can front up the whole fee.
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:45 am
by mdd2
I imagine there will be a lot of long ball stuff when we restart and not much closing the opposition down
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:47 am
by Chester Perry
ClaretTony wrote: ↑Sat Apr 04, 2020 11:37 am
No way can they afford to miss a full season - the losses then would be devastating, particularly for a club like ours who have no benefactor. We know, now, that in normal circumstances we had our place in the Premier League for 2020/21 and we can't afford to lose that money.
I am a bit baffled with the figure of £45 for lost TV revenue. Given we've played 29 of the 38 games, the loss of £45 million would be for nine games which is £5 million per game. Given that ratio, you'd be looking at £190 over a full season.
so far we have had fixed monies, no merit or TV appearance monies - also the Premier League have fronted £125m to the EFL (their solidarity/Academy monies for rest of season) - if PL does not finish that is just over £6m from each PL club given to the EFL
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:49 am
by NewClaret
ClaretTony wrote: ↑Sat Apr 04, 2020 11:37 am
No way can they afford to miss a full season - the losses then would be devastating, particularly for a club like ours who have no benefactor. We know, now, that in normal circumstances we had our place in the Premier League for 2020/21 and we can't afford to lose that money.
I am a bit baffled with the figure of £45 for lost TV revenue. Given we've played 29 of the 38 games, the loss of £45 million would be for nine games which is £5 million per game. Given that ratio, you'd be looking at £190 over a full season.
Yes that does seem high. It does say “and other items” though. Can’t imagine what they would be.
Still believe there will be some positives for us:
- we have cash in the bank to see this through (short-term). Others will have to acquire more debt of some form.
- we have some big earners ending their contracts soon / may help us keep hold of Jeff if other teams aren’t making commitments to players.
- might limit the “bigger clubs” transfer budgets and mean we keep our better players next season.
Overall though, I’m amazed they are not finding a way to get the games on behind closed doors. When factories and supermarkets are operating, I find it hard to believe they can’t get a game of football on behind closed doors!
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:51 am
by Devils_Advocate
Whist it wont help us FFP rules must be relaxed to allow investors put the money needed into clubs to mitigate the disastrous financial impact the Covid-19 crisis could cause
IMO I believe anyone on here arguing against this is doing so out of pettiness and bias that we as a club will lose out. It would be an attitude that if we are gonna suffer then I want everyone else to suffer with us
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:52 am
by CombatClaret
I'm surprised the teams with sugar daddies are not calling for FFP to be eased up.
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:54 am
by Chester Perry
NewClaret wrote: ↑Sat Apr 04, 2020 11:49 am
Still believe there will be some positives for us:
One of only 2 clubs in the Premier League (Man United the other) that hasn't hawked this seasons TV rights to banks for cash flow - Imagine Villa, Bournemouth, Norwich, Brighton, West Ham, Newcastle, Palace all owing the banks £20 - £60m on this seasons TV income and not finishing the season
Posted about this a few weeks ago in the Magic Money Tree thread
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:54 am
by Chester Perry
CombatClaret wrote: ↑Sat Apr 04, 2020 11:52 am
I'm surprised the teams with sugar daddies are not calling for FFP to be eased up.
They are
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:55 am
by CombatClaret
NewClaret wrote: ↑Sat Apr 04, 2020 11:49 am
Overall though, I’m amazed they are not finding a way to get the games on behind closed doors. When factories and supermarkets are operating, I find it hard to believe they can’t get a game of football on behind closed doors!
Given our use of the long pass surely we are the league leaders when it comes to social distancing?
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:57 am
by Blackrod
Can’t see much spending on players when the season does finish or us splashing out on wages and rightly so. If ever there was a time to go with what we have and let some contracts wind down this is it.it will hit some clubs hard but not the ones with large benefactors. Could be a bigger chasm in football than ever and could even destroy the league as we know it.
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 11:59 am
by Chester Perry
Devils_Advocate wrote: ↑Sat Apr 04, 2020 11:51 am
Whist it wont help us FFP rules must be relaxed to allow investors put the money needed into clubs to mitigate the disastrous financial impact the Covid-19 crisis could cause
IMO I believe anyone on here arguing against this is doing so out of pettiness and bias that we as a club will lose out. It would be an attitude that if we are gonna suffer then I want everyone else to suffer with us
It is not pettiness, billionaires have exploited every loophole (and ignored rules in the cases of a few) to get their clubs to higher reaches. They did this by taking huge risk, while many may have not foreseen this risk (Aberdeen for one did and insured against it) it was always there. Our club didn't foresee this risk but it's prudence has put it in a position where it can survive it. Others have risked more and should face it's consequence
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 12:09 pm
by paulatky
clansman wrote: ↑Sat Apr 04, 2020 11:07 am
No real surprise with this bad news given the situation.
Problem for Burnley is that we don’t have mega investors willing to pump in money to support the club. As a business that means making tough decisions. Almost certainly job cuts as a start and the perhaps approach banks for a lian(supported by Government Guarantee scheme.
Players wage reduction will help but still leaves a gap. We are better prepared than many clubs!
In relation to Premier League clubs we are in a worse position than anyone other than Norwich,
All the other 18 clubs have mega rich backers
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 12:34 pm
by Devils_Advocate
Chester Perry wrote: ↑Sat Apr 04, 2020 11:59 am
It is not pettiness, billionaires have exploited every loophole (and ignored rules in the cases of a few) to get their clubs to higher reaches. They did this by taking huge risk, while many may have not foreseen this risk (Aberdeen for one did and insured against it) it was always there. Our club didn't foresee this risk but it's prudence has put it in a position where it can survive it. Others have risked more and should face it's consequence
Boll*cks, we just have this romantic notion how we do things the right way and everyone else are some sort of cheats and bad guys
This is an unforeseen event that many including us are gonna suffer from and letting clubs go in to financial difficulties and risk a collapse that could easily bring us down with it for the sake of some half baked principles is nothing more than petty and pathetic
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 12:36 pm
by thatdberight
If twenty people at the club took a 20% pay cut for two years (which would still leave them all earning more in a week than most people earn in a year) the gap would be easily covered.
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 12:39 pm
by Targetman
ClaretTony wrote: ↑Sat Apr 04, 2020 11:34 am
Strong suggestion that the PL won't do this to protect the Football League and National League.
BBC SPORT website is saying that UEFA have granted permission for Saturday 3pm games to be shown Live on tv for the remainder of this season in England and Scotland.
It goes on to say that this follows pressure from both the Football Association and Scottish Football Association to be able to do this.
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 12:40 pm
by claretspice
I think if needs be the season will be finished even later than June- even into august with a late September start to next season, and cup competitions and international breaks sacrificed across Europe to cram in the lucrative competitions.
But if even that cant happen- I think we're better placed to come out if this than almost all our competitors, both in the premier league and below. Weve got almost the cash to pay for this in the bank, and we're unique in that - and there will be plenty of previously wealthy owners in the Prem and the Championship who now find they're a lot poorer and less able to support a football club than once they were.
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 12:41 pm
by paulatky
If the intention is to play behind closed doors and be televised why would there be any losses other than just gate receipts of £4000,000 per game ?
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 12:44 pm
by Chester Perry
Devils_Advocate wrote: ↑Sat Apr 04, 2020 12:34 pm
Boll*cks, we just have this romantic notion how we do things the right way and everyone else are some sort of cheats and bad guys
This is an unforeseen event that many including us are gonna suffer from and letting clubs go in to financial difficulties and risk a collapse that could easily bring us down with it for the sake of some half baked principles is nothing more than petty and pathetic
It becomes an issue that needs a rule change if it affects next season but not if it is just for this season - If Chelsea and Everton can report losses of £100m+ in a normal full season then they can hack this - But why should Spurs for instance be able to post £270m+ net profit over the last 4 seasons, have over £110m cash in the bank (at last accounts) have wages at less than 40% of turnover, then put 550 staff on furlough or paid the 80% income (with no intent of making up the 20% difference) then have the rules relaxed.
There are clubs that have continually sought to weaken if not break others (through raising transfer/wage averages) by pushing spending within the rules. Those same rules should now be employed to give a slight short term advantage to those who have played a long game
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 12:48 pm
by Mala591
As footballers aren't 'essential workers' they should stay at home (like the rest of us) until the lockdown is lifted/relaxed.
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 12:55 pm
by Targetman
Mala591 wrote: ↑Sat Apr 04, 2020 12:48 pm
As footballers aren't 'essential workers' they should stay at home (like the rest of us) until the lockdown is lifted/relaxed.
They probably will.
Maybe when the lockdown is ended there will still be a ban on large gatherings, hence having to play behind closed doors.
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 12:59 pm
by MT03ALG
Complete this season before the end of the 2020 and collect TV money.
Christmas break as requested by many managers and possibly players.
Next season to start in January 2021 and finish in November 2021 including break for Euros.
Following season to start in January 2022 and finish in October 2022 giving time to prepare for the World Cup which starts in November 2022.
I hope FIFA will have the foresight to see this possibility.
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 12:59 pm
by tim_noone
ClaretTony wrote: ↑Sat Apr 04, 2020 11:09 am
You can see why clubs are keen to get the season finished - that £45 million wouldn't be lost to us then.
hopefully it will pan out in our favour.
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 1:00 pm
by NewClaret
Chester Perry wrote: ↑Sat Apr 04, 2020 11:54 am
One of only 2 clubs in the Premier League (Man United the other) that hasn't hawked this seasons TV rights to banks for cash flow - Imagine Villa, Bournemouth, Norwich, Brighton, West Ham, Newcastle, Palace all owing the banks £20 - £60m on this seasons TV income and not finishing the season
Posted about this a few weeks ago in the Magic Money Tree thread
Didn’t know this as don’t read the Magic Money Tree thread - annoys me too much.
Very interesting though. This situation justifies our financial prudence over the years. Really hope the club are developing a strategy to take full advantage, because it could be a god send for us if we play our cards right!
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 1:00 pm
by Devils_Advocate
Chester Perry wrote: ↑Sat Apr 04, 2020 12:44 pm
It becomes an issue that needs a rule change if it affects next season but not if it is just for this season - If Chelsea and Everton can report losses of £100m+ in a normal full season then they can hack this - But why should Spurs for instance be able to post £270m+ net profit over the last 4 seasons, have over £110m cash in the bank (at last accounts) have wages at less than 40% of turnover, then put 550 staff on furlough or paid the 80% income (with no intent of making up the 20% difference) then have the rules relaxed.
There are clubs that have continually sought to weaken if not break others (through raising transfer/wage averages) by pushing spending within the rules. Those same rules should now be employed to give a slight short term advantage to those who have played a long game
Spurs and Furlough has nothing to do with this and clubs should be able to spend and lose as much money as they want as long as they stay within the rules.
If there is a clear measurable loss from cancelling this season then allowing investors to put up to that amount of money into the club without it counting to FFP rules seems a fair and responsible thing to do. If you havent got any investor willing to put money in unfortunately there is nothing you can do
It shouldn't be an open pass to put as much money in as you wish and if you break the rules not inc the allowed additional money you still get punished but relaxing of the rules as I have described above is the common sense approach unless you are a Burnley fan with a chip on your shoulder about billionaire owners
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 1:05 pm
by Barry_Chuckle
Lockdown lifted in May, 9 games played behind closed doors in June, perhaps spill into early July. New season starts end of August, get rid of League cup and throw a couple of mid week prem games in. BISH BASH BOSH job done.
Imagine the effect this will have on the horse botherers, no BIG pay day for Leeds visit......lose even more coin over the next accounting period
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 1:14 pm
by Chester Perry
Devils_Advocate wrote: ↑Sat Apr 04, 2020 1:00 pm
If there is a clear measurable loss from cancelling this season then allowing investors to put up to that amount of money into the club without it counting to FFP rules seems a fair and responsible thing to do. If you havent got any investor willing to put money in unfortunately there is nothing you can do
I advocated a couple of weeks back that any aid/investor input to the EFL should be limited to the revenue that they could have reasonably expected to have earned only - as a means of not giving them a get out of jail free card for deliberate overspending (even when within FFP tolerances) but it should be that it is ensured that all (for the sake of competitive fairness) are guaranteed the same proportion of expected income, not that a club can receive more financial doping because one particular owner is sufficiently cash rich to exploit the situation.
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 1:17 pm
by Chester Perry
NewClaret wrote: ↑Sat Apr 04, 2020 1:00 pm
Didn’t know this as don’t read the Magic Money Tree thread - annoys me too much.
which is perfectly fine - though curious if it is the content or posting style, the subject in general or just the general pervasiveness of big money and greed
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 1:26 pm
by Chester Perry
Devils_Advocate wrote: ↑Sat Apr 04, 2020 1:00 pm
Spurs and Furlough has nothing to do with this and clubs should be able to spend and lose as much money as they want as long as they stay within the rules.
It shouldn't be an open pass to put as much money in as you wish and if you break the rules not inc the allowed additional money you still get punished but relaxing of the rules as I have described above is the common sense approach unless you are a Burnley fan with a chip on your shoulder about billionaire owners
My issue is as much about the constant inflation passed to the rest of the game by those who pour money in beyond the means of the club who are spending it as much as those who seek to lock out others to protect their place - It is the advantage of the American model ironically overseen by billionaires
If the rules were relaxed I would prefer it be via equity investment rather than loans though - again while I am not a fan it is better for the risked to be passed to the owner rather than on the club - as I have posted a few times this is the approach that we have seen at Blackburn, Villa and Fulham amongst others and in most cases would see the owners never getting a return and is eminently preferable to a club losing ownership of it's assets like it's ground and training ground - though Villa's owners have done that too
The Spurs case was highlighted because they have the means to get through this in the short term, they were just very quick to take alternative resources, in the same way the development of the new stadium was used to crush many local businesses to them, whose services they have no replaced on their own concources - of course their biggest issue is the potential loss of up to 30% of their turnover next season by not qualifying for Europe
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 1:33 pm
by Loyalclaret
Not speaking for Newclaret but I read this site everyday and have never been on the thread. Guess it's the thread title!
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 1:35 pm
by Chester Perry
Loyalclaret wrote: ↑Sat Apr 04, 2020 1:33 pm
Not speaking for Newclaret but I read this site everyday and have never been on the thread. Guess it's the thread title!
it was meant to show the absurdity of it all - at least I try to keep it all in a single bucket, though much actually then ends up on threads that pop up
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 2:12 pm
by Chester Perry
If anyone has any doubts about big club attitude to clubs like ours
https://twitter.com/mcfccookster/status ... 5617188866
it is a single tweet but typifies the approach of the boardroom
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 2:12 pm
by kaptin1
Bye bye Dwight
Bye bye Nick
Bye Bye James
Re: Clarets facing up to £50 million loss
Posted: Sat Apr 04, 2020 2:29 pm
by NewClaret
Chester Perry wrote: ↑Sat Apr 04, 2020 1:17 pm
which is perfectly fine - though curious if it is the content or posting style, the subject in general or just the general pervasiveness of big money and greed
No it’s more pervasiveness (great word) of greed and generally our sport being controlled by foreign money and debt.
I’ve just written a big long rant about how football clubs should be owned, at least in the majority by, their fans/community, with ticket prices capped, but deleted it because it’s not really the point of the thread.
By and large though, feel hugely happy/privileged that I support Burnley who are pretty much as good as you get in terms of financial management (whilst being successful on the pitch).