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Burnley reveal they are at risk of going bust

Burnley reveal they are at risk of going bust, with chairman Mike Garlick stating that could lose £50m if the current season is cancelled.

He also warned other Premier League clubs face losses of as much as £100m, adding his club’s best runs in top flight could come to nothing unless unless the deadly coronavirus pandemic eases by then. – Fan reaction to the latest football news, gossip & funnies

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.

“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.”

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