Burnley FC’s latest financial accounts published

Burnley Football Club has posted a loss of £9m in its latest financial accounts, covering their last season in the Premier League.

Burnley FC Holdings Limited has today filed its latest accounts on Companies House, earlier than scheduled, for the year ending July 31, 2026.

Crucially, the Clarets have paid off a big chunk of its debt, with the club’s borrowings falling from £142m to £86m.

The balance owed to the club by its parent company, Velocity Capital (UK) Holdings, has also dropped from £81m to just £3.3m, following a “new investment” from the ownership group.

The loss of £9m is down from £28.5m last year. The club say the losses are driven by an “increase in league associated revenue streams and an increase in league associated costs”.

“Burnley FC Holdings Limited has today filed its accounts for the year ended 31 July 2026, covering the club’s 2025/26 Premier League season,” the club said in a statement.

“Turnover reached a record £144.5m (2025: £71.7m), driven by Premier League broadcasting and commercial income. The loss for the year was £9.0m.

“At the year end on July 31, 2026, borrowings had fallen from £142.4m to £86.2m and net debt had more than halved from £129.5m to £62.9m.

“The balance owed to the club by its parent company fell from £81.0m to £3.3m, following a net repayment of £77.7m funded by new investment from the ownership group.”

As per the accounts, the “principal risk” facing the group is the possibility of relegation, as the club’s primary source of revenue is TV broadcasting monies.

“Liquidity risk” and the “management of working capital” is another financial risk faced by the club, the report states.

“The mitigation of this risk involves complex financial modelling and forecasts, which enable management to make decisions in a timely manner to ensure the club has sufficient working capital and complies with all financial covenants,” it added.

The group has loan facilities that expire in January 2027 and August 2027 of £24m and £21m respectively.

Club directors are in negotiations to refinance and increase these facilities, however, at the point of signing the financial statements these facilities have not been formally agreed.

In the event the facilities are not renewed, the group would have to raise additional finance to repay the amounts due.

To manage this position, the group prepares forecasts which take into account many factors, such as the club’s finishing position, player trading, refinancing of existing borrowing facilities and receipts from the parent company, as well as the outcome of the ongoing compensation ruling appeal with Everton (£38.8m).

“If these were to be materially less than forecast or if the amount of funding required were to materially increase due to other variables, the resulting conditions, if left unresolved, would indicate a material uncertainty which may cast significant doubt about the group’s ability to continue as a going concern,” the report states.

“However, the current football transfer market remains strong, and the group believes that future potential player trading consistent with forecasts is reasonably achievable.

“In addition, the directors confirm that the group has the continued support, confirmed in writing, of its parent company and the wider investor group.”

Delving deeper into some of the other facts and figures, the club’s wage to turnover ratio fell from 114 per cent to 85 per cent.

The total number of club staff rose from 408 to 427, while wages and salaries increased from £82m to £123m.

Match income went up from £9m in 2025 to £10.2m, while TV rights spiked by £55m to £118m as a result of being in the Premier League.

Catering sales dropped slightly from £350,000 to £330,000, while retail sales also went down from £2.7m to £2.4m. But other commercial activities increased from £4.3m to £12.5m.

These accounts aren’t to be confused with those of Velocity, the sporting arm of ALK Capital and Burnley’s parent company, which are yet to be published.

Last week, Velocity was issued a compulsory strike-off notice by Companies House. However, that has now been discontinued.