![]() In total, around 25 players joined Kompany’s revolution. In the summer, Burnley signed no less than nine players from Belgium clubs including Anderlecht, Standard Liege, Cercle Brugge, Antwerp, Union Saint-Gilloise, Charleroi and Westerlo. Kompany was hired in June 2022, two months after the iconic Sean Dyche was sacked. Some of the club’s debt had to be repaid after relegation, hence the club offloaded some players to bring down costs. This method, while undoubtedly convenient for investors, is an unpopular strategy with supporters. They were taken over in 2020 via a leveraged buyout, which loaded £ 65 million of debt onto the club. Burnley made a profit of £ 54.7 million on player sales, only marginally less than the four previous seasons combined.īurnley’s net debt increased from £ 14.8 million to £ 53.2 million. Burnley’s player wages remained among the lowest in the division in 2021-22.Ī number of players were signed in 2021-22, notably Maxwel Cornet (Lyon £12.8 million), Wout Weghorst (Wolfsburg £ 12 million) and Nathan Collins (Stoke City £ 12 million), but with relegation, Collins was sold to Wolves for £ 20 million, Dwight McNeil moved to Everton for £ 20 million and Cornet went to West Ham for £ 17.5 million. Two seasons earlier, the club’s wages totalled £ 100 million. Matchday earnings totalled £ 7 million, a relatively small figure compared to many Premier members but one of the highest recorded by the club, while commercial activity raised £ 11.5 million, better than 2020-21 but some way below pre-pandemic figures.īurnley were relegated with a wage bill of £ 91.9 million, slightly lower than 2020-21 but still 75% of income, a ratio that was at the higher end of the Premier League. Burnley’s £ 123 million (an increase of 7.2%) included £ 105 million from broadcasting, representing 89% of overall revenues. This may seem a bold gesture on the part of the club, but the way Burnley played suggests they could acclimatise quite well in 2023-24 and Kompany is, after all, a sought-after asset.īurnley’s last Premier League season underlines the importance of TV and media income to the clubs. Vincent Kompany, their manager, won the hearts of the fans in his first season and has now signed a contract that takes him to 2028. Now that the EFL’s transfer embargo has been lifted, Burnley will go into the Premier with no small amount of optimism they were worthy and impressive winners of the Championship, losing only three games and running-up a staggering 101 points. It is likely the club’s income will be less than £ 100 million and probably closer to £ 80 million in 2022-23. ![]() The club has just published its financial report for 2021-22 and, despite falling through the trapdoor into the Championship, Burnley made a pre-tax profit of £ 36.1 million, bettered only by Manchester City, on turnover of £ 123.4 million. BURNLEY’s tremendous campaign in 2022-23 means the club will surely overcome any hardships from suffering relegation a year earlier, although the accounts for the season just ended will reveal an inevitable drop in revenues.
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