Burnley chairman says they will go bust in august

[Coplandbear]

After everything we have been through over the last decade I cant help but feel sad for their fans.

How has their wage structure allowed for an £87 million a year bill.

There must be teams in the Champions League that don't even spend that a year.

It's shameful that they are effectively relying on tv money to effectively run as a club. No offence to them they are a honest club with a modest average group of players how the %^*& they can spunk £87 million on wages with that team is astonishing.

It will be the same for similar clubs around them.

 

[Wazza]

It's shameful that they are effectively relying on tv money to effectively run as a club. No offence to them they are a honest club with a modest average group of players how the %^*& they can spunk £87 million on wages with that team is astonishing.

It will be same for similar up clubs around them.

I guess it’s a bit like someone with a mortgage relying on their salary. Nobody could have forecast this, expect they had plans in place for relegation and parachute payments would help and contract terms?

 

[pollokparkloyal]

It's shameful that they are effectively relying on tv money to effectively run as a club. No offence to them they are a honest club with a modest average group of players how the %^*& they can spunk £87 million on wages with that team is astonishing.

It will be the same for similar clubs around them.

The longer this issues continues and the possibility of more clubs going under I think there will be questions asked for the future of wage structures.

To me it seems barbaric to go on with the current model for paying players.

Or

Maybe i'm just a boring old fart and should accept that nothing will change and shouldn't even consider it.

 

[Ferrybear]

On a slightly happier note dundee hibernian's wage bill is 133% of their total income

 

[Brant Hurley]

Can only wish Burnley the best, having turned up at Ibrox with 1000s of fans not once, but twice, on our road back.

 

[barrheadbear]

Football clubs will always spend every penny of their income to complete. All that sky has done is to make even the average player, very very rich

Not disputing that at all. Players nowadays are so fortunate to be playing at a time when being even "just ordinary" can see you earn £m's annually.

But a time like this it only highlights the complete folly of the huge amounts paid in salary and transfers by the top clubs. It is so out of control that the only word that adequately describes this spending is obscene.

 

[Virgil Hilts]

When we played Burnley in a pre-season game I met a few Burnley fans up for game and golf.Sorry for the fans of clubs like this.But they sold their soul to t.v.

Burnley haven’t misstepped, a pandemic has created a problem that nobody could foresee

Surprised that clubs like Burnley, West Ham, Villa etc aren’t pushing for an EGM to get clarity.

 

[BucksBear]

Burnley haven’t misstepped, a pandemic has created a problem that nobody could foresee

Surprised that clubs like Burnley, West Ham, Villa etc aren’t pushing for an EGM to get clarity.

Burnley are a well run conservatively ambitious club. Makes you wonder about the rest if they are struggling

 

[Berserker]

The thing that will stick in the throat is if/when the club's that are struggling and furloughing go straight back to making £20million signings seem like an everyday occurrence.

Liverpool's decision to furlough staff is remarkable when you consider their finances. They've the funds available to spend £50m+ on a player when football resumes.

 

[bleau]

this will accelerate the European super elite league , teams and TV companies will be desperate to get the finances back up , need to get the viewing figures up

 

[digital_boy]

The only good thing to come out of this pandemic will be the complete levelling of the overhyped, overpayed and overinflated egos of all these shyster ‘super’ clubs in their ‘super’ leagues.

Really feel for all the normal hardworking people who do all the running of these clubs tho and get very little in wages in comparison to all these wanky top end players who are now showing their true colours. WR is an absolute disgrace, someone who has absolutely coined it in for many many years but doesn’t think he should help or contribute and reduce his wages to help everyone at his club but might do if he’s asked. How very big of him as he ‘self-isolates’ in his massive garden at his multi-million pound property.

Really hope the bubble bursts big time in the EPL. It’s truly sickening the immoral amounts of money being thrown around for selfish dafties kicking a ball around some grass. TV money has spoiled the game and players in the top leagues beyond all recognition for a generation and all their chickens are now coming home to roost.

However, the EPL will make sure they will get their season finished even if it means playing the remaining games on the moon! They have 860 million reasons to make sure this season is finished to a conclusion.

Messi takes a 70% paycut and now ‘only’ earning 200,000 euros a week. That last sentence tells you everything that’s wrong with modern day football and footballers.

Football is going to look very different after this is all done and dusted and not all of it in a bad way.

 

[southsidebluenose]

Wage caps seems the sensible way forward if the bubble bursts

 

[Now and forever]

Wage caps seems the sensible way forward if the bubble bursts

You would think so.

 

[Sir Sasa Papac]

Pretty sure I read that the TV companies won’t pay out if the season doesnt finish. So I’d imagine most EPL and Championship clubs will be similar to those kind of numbers.

They’ll have to pay something. They might be missing some games but they’ve still shown dozens of matches and had all the subscriptions and advertising that those games brought.

 

[devilman]

No sympathy for them at all. The amount of cash they've taken in is obscene. The English Premiership was always going to be a potential disaster if the money stopped coming in. Even for a bit - these clubs can't survive without being handed stupid amounts of cash by Sky and BT.

They've been spoiled. They are greedy and if they struggle badly because of the shit they've created then tough.

 

[belshoi's bluebell]

Can hardly be one of best run if it’ll go bust by august !!

BURNLEY chairman Mike Garlick has warned they will go BUST in August if the football lockdown has not ended by then.

The Clarets boss revealed they stand to lose £50MILLION if the current season is cancelled — and warned other Premier League clubs face losses of as much as £100M.

Garlick said the situation is so dire that his club — one of the best run in the top flight — will be potless later this summer unless the deadly Covid-19 pandemic has eased by then.

He said: “The fact of the matter is, if we don’t finish the season and there isn’t a clear start date for next season, we, as a club, will run out of money by August. That is a fact.

“I can’t speak for other clubs, I don’t know their financial positions.

“All I can speak for us our club and our position.

“That’s why we’re very determined that when of course it is safe to do so, we really want to finish this season.”

Garlick, speaking to Sky Sports News, added: “We voted unanimously to finish the season, so it’s clear everyone wants to get the job done.

It is crystal clear that finishing the season is by far the best outcome for all the Premier League clubs.”

The 20 Prem clubs still hope to complete the campaign, even if that means playing behind closed doors and cramming the remaining fixtures into the spell of a few weeks.

Yet the longer the lockdown goes on so long, the greater the fear they will eventually have to admit defeat and call if off.

That will cost top flight clubs a fortune in lost revenue – especially those without megarich benefactors – plus the possibility of having to repay TV money to rights holders.


In Burnley’s case that means around £5 million in lost revenue from the remaining home games.

Failure to finish the season means it is highly unlikely it could be recouped, owing to the likely prospect of these fixtures being played behind closed doors.

Missing out on cash payments from the Premier League would be a hit of up to £45 million in broadcasting revenue and other items, while for some others it could be double that.

Garlick continued: “It’s a completely unprecedented situation facing us and other Premier League clubs that no-one could have foreseen just a few weeks ago.

“It’s not just about Burnley, it’s the whole football ecosystem from the Premier League downwards and all the other businesses and communities that feed from that ecosystem.

“As a club, fans, staff members and a town, we are all in this together and I’m sure we can get through by sticking together and helping each other in every way possible.

“We all need to do our bit, however small.”

A Burnley statement added: The club is keen to be transparent with supporters, staff and stakeholders.

“It 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.”

Burnley’s admission comes after yesterday’s stark warning from West Ham vice-chairman Karren Brady in her SunSport column that clubs could be “ruined” by the current crisis.

Urging the PFA to reach an agreement on pay deferals, she said: “Across the country all football clubs’ operations have effectively ceased. There is no matchday revenue, no sale of season tickets for next season, no retail outlets open and online retail businesses have closed as it is not essential work.

“With no date for restarting the league, this is having severe financial implications. Without any revenue — and no games being played — how on earth do we ensure the ongoing business survives? And, take it from me, unless a pay cut is put in place a number of clubs will be ruined

 

[das]

Can hardly be one of best run if it’ll go bust by august !!

It's unlikely they will be the only one and they don't have a sugar daddy. Six months with no income would affect most clubs I'd think.

 

[bob1873]

How sad

I know quite a few Burnley fans and they’re all decent but a club the size of Burnley should be a club the size of Burnley and not bigger financially than the likes of Juve etc

Agreed teams in the EPL like Bournemouth paying £20m for players when they get 12000 in their ground.

 

[punk]

The only good thing to come out of this pandemic will be the complete levelling of the overhyped, overpayed and overinflated egos of all these shyster ‘super’ clubs in their ‘super’ leagues.

Really feel for all the normal hardworking people who do all the running of these clubs tho and get very little in wages in comparison to all these wanky top end players who are now showing their true colours. WR is an absolute disgrace, someone who has absolutely coined it in for many many years but doesn’t think he should help or contribute and reduce his wages to help everyone at his club but might do if he’s asked. How very big of him as he ‘self-isolates’ in his massive garden at his multi-million pound property.

Really hope the bubble bursts big time in the EPL. It’s truly sickening the immoral amounts of money being thrown around for selfish dafties kicking a ball around some grass. TV money has spoiled the game and players in the top leagues beyond all recognition for a generation and all their chickens are now coming home to roost.

However, the EPL will make sure they will get their season finished even if it means playing the remaining games on the moon! They have 860 million reasons to make sure this season is finished to a conclusion.

Messi takes a 70% paycut and now ‘only’ earning 200,000 euros a week. That last sentence tells you everything that’s wrong with modern day football and footballers.

Football is going to look very different after this is all done and dusted and not all of it in a bad way.

Well said mate