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Burnley take-over


The Bard

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On 02/02/2021 at 11:38, Moments of Pleasure said:

Thanks, but this thread isn't about you. 

Being self-absorbed by yourself and your own bitterness and resentment and your life of disappointment is a miserable place to be but you can get help. Seriously. Your GP is a good place to start (when you can get to see one. It might not be a white, anglo-saxon one, but if you can get over that, then there is hope). 

Take care.

That's a little harsh in comparison to the Warnock thread where everyone seems free to express there dislike of the sun don't you think?

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13 hours ago, Mr Popodopolous said:

Burnley could be heading for choppy waters IF relegated.

Couple of articles of late- getting relegated in the first few years wouldn't be in the script though they were one of the best run clubs in the country in the leadup to the takeover.

https://www.dailymail.co.uk/sport/football/article-10449797/Burnley-facing-60MILLION-hit-relegated-Premier-League.html

Essentially early repayment of the MSD loan.

https://www.dailymail.co.uk/sport/football/article-10419993/Pay-delays-raise-alarm-Burnleys-financial-position.html

Though Burnley do deny that there is a problem, for the purpose of balance. They're right too as while they're in the PL, they can absorb it without issue and pressure.

https://www.lancs.live/sport/football/football-news/burnley-alk-alan-pace-garlick-22815753

Perhaps a mix of cash buffer, wage cuts on relegation, player sales etc would see them okay if relegated but they're taking a bit of a chance.

£60m loan, over 5 years- at 9% interest. While you're in the PL that's easy...but that interest alone, let alone early repayment in the event of relegation could be interesting?

Think I heard on 5 Live a week or so ago that Burnley have 10 or more players out of contract this summer (which may help if relegated). Can see them dropping further rather than bouncing back due to the levereged loan and likelihood (imo) that the owners jump ship as they owe nothing, it's all on the club.

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