Burnley

Burnley

Burnley

Surely that’s an oxymoron, or a joke.

“Investment group”...aren’t these types of organisation typically interested in skimming profits rather than sustainability? And how profitable is an English club ever likely to be
 

Burnley

LboroBee said:
Surely that’s an oxymoron, or a joke.

“Investment group”...aren’t these types of organisation typically interested in skimming profits rather than sustainability? And how profitable is an English club ever likely to be
Click to expand...
Actually, providing the owners don't somehow piss it all up against a wall, Premier League clubs can be very profitable. Why else do you think overseas billionaire investors are falling over themselves to buy into the PL, or when unable to do so, buying Championship clubs they think might get promoted to the PL?

(From April 2018)

Half a billion pounds: Report reveals record Premier League club profits

English Premier League clubs enjoyed record profits last season, according to a report published Friday by financial consultants Deloitte.

The report said the Premier League made a collective pre-tax profit of £0.5 billion... ... almost three times the previous record of £0.2 billion in 2013/14.

With strong broadcast revenues and Financial Fair Play rules keeping wages in check to a degree, England's top-flight clubs also posted a record operating profit -- total revenues minus wages and other costs, apart from transfer fees, - of £1 billion, double the figure for the previous season.
Half a billion pounds: Report reveals record Premier League club profits

Even Burnley have proven to be consistently profitable, albeit at low levels:

(From March 2020)

Burnley Football Club announce a net profit for the third-successive season

The club’s annual accounts for Burnley FC Holdings Ltd show a surplus of £4.3m (£5m pre-tax) after Sean Dyche’s side secured a fourth successive season of top-flight football for the first time in almost half a century.

That figure is down on the record profit of £36.6m (£45m pre-tax) recorded for the previous 12 months,
Burnley Football Club announce a net profit for the third-successive season
 

Burnley

Wasn't it QPR who were the only club in recent years to show a loss whilst in the PL?
 

Burnley

Gee Bee said:
www.bbc.co.uk

Burnley takeover: ALK Capital completes deal by buying 84% controlling stake

American investment group ALK Capital completes its takeover of Burnley, buying an 84% stake in the Premier League club.
www.bbc.co.uk www.bbc.co.uk

takeover completed. How will this all end I wonder.
Click to expand...


www.theguardian.com

Burnley's US takeover has left club £90m worse off and loaded with debt

A £170m takeover of Burnley by the US consortium ALK Capital has used the club’s own money, loaded it with debt and left it £90m worse off
www.theguardian.com www.theguardian.com
 

Burnley

Bit smelly but pretty normal for football. Where did it all go wrong the fans cry as Burnley find themselves with Bolton, Wigan, Sunderland Portsmouth Charlton (and QPR and Derby) on their fixture list in div 3.
 
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