Bonuses lead to projected financial loss

Co-Chairmen John Banaszkiewicz and Mike Garlick
Co-Chairmen John Banaszkiewicz and Mike Garlick

Burnley are expected to post a loss of £7.9m for the financial year ending June 2014.

The club had hoped to break even, after the enforced £4m sale of striker Charlie Austin to QPR last August, having reported an £8m loss the previous year.

However, wages and bonuses paid out on promotion back to the Premier League mean the club will report a loss to shareholders towards the end of this year.

Bonuses were accrued through the length of time the team spent in the automatic promotion positions last season - the Clarets were no lower than third from September onwards - as well as a promotion bonus upon sealing runners-up spot in the Championship.

However, while the payments will mean a deficit in the accounts, they will be mitigated by the prize pot for reaching the Premier League, which should mean a more than healthy profit in the next financial year.

Back in 2009/10, when the Clarets were last in the Premier League, they posted a profit of £14.4m for the financial year - on the back of losses of £11.7m - with increases in match income, catering sales, commercial activities and club shop sales.

• For the game at Arsenal on Saturday, November 1st (kick-off 3 p.m.), to determine the allocation Burnley will take, a pre-sale period will be launched tomorrow.

Ticket Prices are: Adults £26, Senior Citizens (over 65) £11-25, Under 16 £10, Wheelchair/Ambulant and Assistant £12-75.

Pre-sale tickets priority dates (all from 9.15am): tomorrow -season ticket holders with 5000+ loyalty points, Thursday - season ticket holders with 3000+ loyalty points; Friday - season ticket holders with 1000+ loyalty points; Saturday - season ticket holders.

Tickets from ticket office, or 0871 221 1914 option 2.