Who owns Burnley?

[dsr]

Companies house filing records show £40m debenture loan was taken out in January 2025
The lender (debenture holder) has the right to appoint an administrator to take control of the company if it defaults on the loan. This follows the lender calling in the loan for repayment.

Maybe we could have a new owner if things go pear shaped.

If things go as pear shaped as that, we don't have a new owner because we don't have a club.

[Big Vinny K]

Companies house filing records show £40m debenture loan was taken out in January 2025
The lender (debenture holder) has the right to appoint an administrator to take control of the company if it defaults on the loan. This follows the lender calling in the loan for repayment.

Maybe we could have a new owner if things go pear shaped.

It’s just a secured loan. The debenture is the security.
It would be unusual to see any third party loan of this size without taking security so this is completely normal.

As is the case with any secured loan if you cannot meet the repayment terms the lender has the right to realise their security on that loan and they will take priority over any unsecured debt in the case of the likely scenario of administration.

All pretty unlikely scenarios in my view but the more important issue is the debt burden of the club and as DSR has pointed out how much this is costing us. It’s not just the loans either - it’s the factoring finance that we have used which is usually extremely expensive in commission charges.

When you add all the financing and debt interest and commission costs to our wage bill there ain’t much left over !!