Burnley facing £50m loss if Premier League season isn’t completed
Burnley are having a potential £50m shortfall if the current Premier League season isn’t completed.
The season is currently shutdown indefinitely amid the coronavirus outbreak.
But chairman Mike Garlick has outlined how severe a blow it would be if the remaining games can’t be played.
The Clarets have nine games left, with some clubs having 10, and a statement released by the club outlined: “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 any way 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 tis 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.”