Investor

[Braindead]

Which Championship players are commanding £80k per week?

Jarrod Bowen is on £80k at WHU. We were interested but blown out of the water on wages, as per.

[rob63]

Surely the club must be able to find players somewhere in the world better than than those playing in our second tier for those amounts of money ?

There's loads, but does Dyche want that type of player?

He values PL experience, but we never sign a player from a relegated club because he's usually on a higher wage than we pay. By the time we come to sign an ex-PL player he's getting to the end of his contract after 2/3 years in the Championship & what we're offering (Pl football) suddenly looks attractive.........but by this time he's 29, so that's what we get.........quelle surprise!

[Chester Perry]

Like in all aspects of life, theres always good and bad, dont tar all with the same brush

Rovers problem were they potted Sam.
It was almost a perfect display of how to rip out the heart of a football club from every decision after that.

Rovers problems was that Uncle Jack tried to grow the fanbase and commercial arm too match the spend commitment that he created - that failed despite years of effort (and yes I am aware that was before the TV money went crazy especially overseas). A club and fanbase that is used to spend higher than naturally earned numbers over a sustained period from a benefactor, always finds it difficult to adjust to a new reality (and he left them a trust fund of a £100m or so back when that actually was a significant number in the Premier League.

Two clubs so far, have achieved sustained success and with this approach Chelsea and Man City - The cost about £1.5 billion each (Chelsea currently owe their owner over £1.2 billion - Man City have received bans and huge fines for some of the funding approaches). Wolves and Leicester are interesting but we await to see if they can sustain their current approach

Investors want money back, benefactors is what we need.
The sort who would use their business acumen and contacts free of charge, loans to the club from their own businesses at good rates when required, .........oh hang on.

pleased you knew what you were doing there - for a 130 years or so fans of this club have bemoaned the benefactor approach take by that lot down the road, all those titles were bought they/we said. How we lorded it when we achieved our success through diligent planning and effort while living within our means

Why did the people who invested in Bournemouth, or Sheffield United, or Wolves at the time they did, invest in those clubs ?

This is something that comes up from time to time and the answers tend to drop in one of 2 categories:
- Associated business interests in the region the club is located
- the need to get funds to a safe location into a very publicly recognised organisation that is free from the grasp of the home government

- Fosun (owners of Wolves) are heavily in to construction especially transportation projects like railways, They and the Chinese in general are very keen to deliver HS2 - and the West Midlands is a huge Railway Hub and a key staging point of HS2.
- Abu Dhabi are resposible for a huge amount of construction in Manchester and are currently seeking permission for 20k+ indoor area at Eastlands - that type of operation is a specialism of the American Investors that pumped all that money into CFG last year.
- Part of the attraction of Newcastle to the Saudi's is the the opportunities - The port becoming a freeport, There is a plan for huge development in the City Centre by the Reuben Brothers (partners in the bid for the club).
- Southampton are owned by Chinese, and appear indirectly controlled by the Chinese government - Southampton is a major Port and fits into the Belt and Road initiative (new silk road) perfectly.

Both Russia and Saudi have removed substantial funds and assets from wealthy individuals who fall foul of their rulers demands.

The same reason Abramovich invested in Chelsea - these type of investor prefer London, or somewhere close or the south coast for obvious reasons

All this has been on the MMT thread over the years

As too why an Investor would want to come to Burnley, and how could it be done successfully without killing it long term - those are questions I (and I am pretty sure the board) have been wrangling with for a few years now

[NewClaret]

Jarrod Bowen is on £80k at WHU. We were interested but blown out of the water on wages, as per.

Jesus. Does he even get a game? Think he’s scored one goal or something.

[JohnMac]

I remember reading Barnsley's owner's worth is 200 times that of Mike Garlick.

Just going to check on how they are doing. Yep, thought so..

[Chester Perry]

I remember reading Barnsley's owner's worth is 200 times that of Mike Garlick.

Just going to check on how they are doing. Yep, thought so..

posted a bit about him in the last 6 weeks or so on the MMT thread

[Vegas Claret]

Rovers problems was that Uncle Jack tried to grow the fanbase and commercial arm too match the spend commitment that he created - that failed despite years of effort (and yes I am aware that was before the TV money went crazy especially overseas). A club and fanbase that is used to spend higher than naturally earned numbers over a sustained period from a benefactor, always finds it difficult to adjust to a new reality (and he left them a trust fund of a £100m or so back when that actually was a significant number in the Premier League.

Two clubs so far, have achieved sustained success and with this approach Chelsea and Man City - The cost about £1.5 billion each (Chelsea currently owe their owner over £1.2 billion - Man City have received bans and huge fines for some of the funding approaches). Wolves and Leicester are interesting but we await to see if they can sustain their current approach



pleased you knew what you were doing there - for a 130 years or so fans of this club have bemoaned the benefactor approach take by that lot down the road, all those titles were bought they/we said. How we lorded it when we achieved our success through diligent planning and effort while living within our means



This is something that comes up from time to time and the answers tend to drop in one of 2 categories:
- Associated business interests in the region the club is located
- the need to get funds to a safe location into a very publicly recognised organisation that is free from the grasp of the home government

- Fosun (owners of Wolves) are heavily in to construction especially transportation projects like railways, They and the Chinese in general are very keen to deliver HS2 - and the West Midlands is a huge Railway Hub and a key staging point of HS2.
- Abu Dhabi are resposible for a huge amount of construction in Manchester and are currently seeking permission for 20k+ indoor area at Eastlands - that type of operation is a specialism of the American Investors that pumped all that money into CFG last year.
- Part of the attraction of Newcastle to the Saudi's is the the opportunities - The port becoming a freeport, There is a plan for huge development in the City Centre by the Reuben Brothers (partners in the bid for the club).
- Southampton are owned by Chinese, and appear indirectly controlled by the Chinese government - Southampton is a major Port and fits into the Belt and Road initiative (new silk road) perfectly.

Both Russia and Saudi have removed substantial funds and assets from wealthy individuals who fall foul of their rulers demands.

The same reason Abramovich invested in Chelsea - these type of investor prefer London, or somewhere close or the south coast for obvious reasons

All this has been on the MMT thread over the years

As too why an Investor would want to come to Burnley, and how could it be done successfully without killing it long term - those are questions I (and I am pretty sure the board) have been wrangling with for a few years now

good work CP !
Edit: Does that mean my hope that someone gives Dyche 700 billion to spend on players is unrealistic ?

[ewanrob]

Rovers problems was that Uncle Jack tried to grow the fanbase and commercial arm too match the spend commitment that he created - that failed despite years of effort (and yes I am aware that was before the TV money went crazy especially overseas). A club and fanbase that is used to spend higher than naturally earned numbers over a sustained period from a benefactor, always finds it difficult to adjust to a new reality (and he left them a trust fund of a £100m or so back when that actually was a significant number in the Premier League.

Two clubs so far, have achieved sustained success and with this approach Chelsea and Man City - The cost about £1.5 billion each (Chelsea currently owe their owner over £1.2 billion - Man City have received bans and huge fines for some of the funding approaches). Wolves and Leicester are interesting but we await to see if they can sustain their current approach



pleased you knew what you were doing there - for a 130 years or so fans of this club have bemoaned the benefactor approach take by that lot down the road, all those titles were bought they/we said. How we lorded it when we achieved our success through diligent planning and effort while living within our means



This is something that comes up from time to time and the answers tend to drop in one of 2 categories:
- Associated business interests in the region the club is located
- the need to get funds to a safe location into a very publicly recognised organisation that is free from the grasp of the home government

- Fosun (owners of Wolves) are heavily in to construction especially transportation projects like railways, They and the Chinese in general are very keen to deliver HS2 - and the West Midlands is a huge Railway Hub and a key staging point of HS2.
- Abu Dhabi are resposible for a huge amount of construction in Manchester and are currently seeking permission for 20k+ indoor area at Eastlands - that type of operation is a specialism of the American Investors that pumped all that money into CFG last year.
- Part of the attraction of Newcastle to the Saudi's is the the opportunities - The port becoming a freeport, There is a plan for huge development in the City Centre by the Reuben Brothers (partners in the bid for the club).
- Southampton are owned by Chinese, and appear indirectly controlled by the Chinese government - Southampton is a major Port and fits into the Belt and Road initiative (new silk road) perfectly.

Both Russia and Saudi have removed substantial funds and assets from wealthy individuals who fall foul of their rulers demands.

The same reason Abramovich invested in Chelsea - these type of investor prefer London, or somewhere close or the south coast for obvious reasons

All this has been on the MMT thread over the years

As too why an Investor would want to come to Burnley, and how could it be done successfully without killing it long term - those are questions I (and I am pretty sure the board) have been wrangling with for a few years now

CP, you make as usual some very valid points and have a far greater knowledge and understanding of the financial side than myself.

But my question remains, how on earth do we move on from this position. I'm only summising here, but I feel like the board have gone as far as they can and no longer feel comfortable dining at the top table.

[Chester Perry]

CP, you make as usual some very valid points and have a far greater knowledge and understanding of the financial side than myself.

But my question remains, how on earth do we move on from this position. I'm only summising here, but I feel like the board have gone as far as they can and no longer feel comfortable dining at the top table.

from a Business interest perspective the only thing we have to offer is relations in Aerospace/Defence and that will be subject to very specific government restrictions

I personally would prefer to avoid someone who wants to have his mates in the directors box type for the big matches - they tend to try and change things that work and sink clubs

[Paul Waine]

Two clubs so far, have achieved sustained success and with this approach Chelsea and Man City - The cost about £1.5 billion each (Chelsea currently owe their owner over £1.2 billion - Man City have received bans and huge fines for some of the funding approaches).

- Southampton are owned by Chinese, and appear indirectly controlled by the Chinese government - Southampton is a major Port and fits into the Belt and Road initiative (new silk road) perfectly.

All this has been on the MMT thread over the years

As too why an Investor would want to come to Burnley, and how could it be done successfully without killing it long term - those are questions I (and I am pretty sure the board) have been wrangling with for a few years now

Hi CP, (edited your quote, just because others have already quoted in full).

Jim Ratcliffe has said that he was asked £3bn to buy Chelsea from Abromovich. He chose to pass on that..

I'd love it if Jim Ratcliffe could be persuaded that Burnley should be his Premier League club. Born on a Manchester council estate, made his billions through petchems. I think he's got Lausanne and Nice football clubs, in addition to Ineos (ex-Sky) cycle team. Maybe Northern Powerhouse could be the attraction and "local investment/business interests" that would be the draw....The only thing is, I believe he's a ManU fan.

[Chester Perry]

Hi CP, (edited your quote, just because others have already quoted in full).

Jim Ratcliffe has said that he was asked £3bn to buy Chelsea from Abromovich. He chose to pass on that..

I'd love it if Jim Ratcliffe could be persuaded that Burnley should be his Premier League club. Born on a Manchester council estate, made his billions through petchems. I think he's got Lausanne and Nice football clubs, in addition to Ineos (ex-Sky) cycle team. Maybe Northern Powerhouse could be the attraction and "local investment/business interests" that would be the draw....The only thing is, I believe he's a ManU fan.

What does Burnley offer him - he is a very smart investor - what would be the reason, there is little opportunity to make a lot of money - an we have no business activity locally that synchs with his

[ewanrob]

from a Business interest perspective the only thing we have to offer is relations in Aerospace/Defence and that will be subject to very specific government restrictions

I personally would prefer to avoid someone who wants to have his mates in the directors box type for the big matches - they tend to try and change things that work and sink clubs

Dont think we have high enough profile for your preferred investor/s, perhaps someone with enough cash to finally buy the cricket ground and put hotel/shops etc on it.

[Gordaleman]

I can only assume that the majority of people on here that are saying "We need and investor." or "It's time to gamble." are relatively young and don't know how a slight c*ck up can easily put us out of business for good. Look what happened when we brought in a high profile manager in John Bond. He nearly bankrupted the club in a few months. Then we had the ITV Digital shambles and the club nearly died.

Be careful what you wish for. What happens if we get an Abramovich and he buys several players on huge, long contracts, then decides to leave the club? We'd be well and truly stuffed. The current board don't take money out of the club. That's unlikely to be true of an 'Investor' who is doing it to make money and nothing else.

[Paul Waine]

What does Burnley offer him - he is a very smart investor - what would be the reason, there is little opportunity to make a lot of money - an we have no business activity locally that synchs with his

Yes, I know, it's a real challenge... and this is for a billionaire who was born no more than 25 miles away from Burnley. As I've said "northern powerhouse north" is possibly the only chance of getting serious money invested in Burnley FC.

Though, my idea that the UK Parliament should vacate Westminster and relocate to the Northern Powerhouse may be a second reason to draw in a serious investor.

[ewanrob]

I can only assume that the majority of people on here that are saying "We need and investor." or "It's time to gamble." are relatively young and don't know how a slight c*ck up can easily put us out of business for good. Look what happened when we brought in a high profile manager in John Bond. He nearly bankrupted the club in a few months. Then we had the ITV Digital shambles and the club nearly died.

Be careful what you wish for. What happens if we get an Abramovich and he buys several players on huge, long contracts, then decides to leave the club? We'd be well and truly stuffed. The current board don't take money out of the club. That's unlikely to be true of an 'Investor' who is doing it to make money and nothing else.

I think the modern day chairman/ Directors are a lot more savvy than those in the 80s, would be interested to know what the turnover/wages ratio was back then.

I will say it again....how do we progress then ?

[Gordaleman]

I think the modern day chairman/ Directors are a lot more savvy than those in the 80s, would be interested to know what the turnover/wages ratio was back then.

I will say it again....how do we progress then ?

Why do we have to progress? We've already proved that we can get to 7th place in the league with the existing board. You surely don't think that a town the size of Burnley can ever compete with the current top six, however much we gamble.

Gambling is a fool's game and we don't have fools on the BFC Board.

[gandhisflipflop]

I can only assume that the majority of people on here that are saying "We need and investor." or "It's time to gamble." are relatively young and don't know how a slight c*ck up can easily put us out of business for good. Look what happened when we brought in a high profile manager in John Bond. He nearly bankrupted the club in a few months. Then we had the ITV Digital shambles and the club nearly died.

Be careful what you wish for. What happens if we get an Abramovich and he buys several players on huge, long contracts, then decides to leave the club? We'd be well and truly stuffed. The current board don't take money out of the club. That's unlikely to be true of an 'Investor' who is doing it to make money and nothing else.

Wow, I nearly had a full house then.

[Steve-Harpers-perm]

Why do we have to progress? We've already proved that we can get to 7th place in the league with the existing board. You surely don't think that a town the size of Burnley can ever compete with the current top six, however much we gamble.

Gambling is a fool's game and we don't have fools on the BFC Board.

Don’t think anyone is expecting top 6. Investment is needed according to Dyche to maintain our top flight status. Don’t see why we have to harp back to the 1980’s we’ve moved forward a long way since then.

[aggi]

We definitely need some form of outside investment here. Our prudent financial stance is both admirable and completely understandable but ultimately not sustainable.
We simply cannot compete with the wages offered by other clubs in our league on our current budget. The top-end Championship player (our major shopping zone over the past few years) is now commanding circa £25m in transfer fees and £80k a week wages.
We either start shopping abroad, which doesn't seem likely, or we succumb to investment.

It's interesting that you (and you're certainly not the only one) suggest that a sustainable option would be to run up tens (although more likely hundreds) of millions of debt.

[Vegas Claret]

Why do we have to progress? We've already proved that we can get to 7th place in the league with the existing board. You surely don't think that a town the size of Burnley can ever compete with the current top six, however much we gamble.

Gambling is a fool's game and we don't have fools on the BFC Board.

This is my idea of progress - being able to offer someone 15 million for a player instead of 10. Nobody (ever) suggests we go out and spend stupid money, even with investment nobody would expect that - but being able to say to Dyche "fight with one hand tied behind your back" instead of both arms and legs is surely a common sense and obtainable approach ?

[Wile E Coyote]

I would welcome it, I don't know how wealth played a part back in the 50's and 60's when we were top of the pile as a team briefly, How were clubs like spurs and utd backed in thosedays? I can never recall fans discussing the business side much when I was a younger fan. Looks like most successful clubs who can hold their own in the premier league have huge financial backing. whilst its ok to appreciate the efforts successive burnley boards have been over the years, surely its time to look into improving the financial clout we muster if a takeover were possible.seems to me if sean dyche left, the football side would collapse like a house of cards very quickly. a bit of cash could be our salvation.

[aggi]

Hi CP, (edited your quote, just because others have already quoted in full).

Jim Ratcliffe has said that he was asked £3bn to buy Chelsea from Abromovich. He chose to pass on that..

I'd love it if Jim Ratcliffe could be persuaded that Burnley should be his Premier League club. Born on a Manchester council estate, made his billions through petchems. I think he's got Lausanne and Nice football clubs, in addition to Ineos (ex-Sky) cycle team. Maybe Northern Powerhouse could be the attraction and "local investment/business interests" that would be the draw....The only thing is, I believe he's a ManU fan.

I reckon Hull would be the natural fit for him. Although by all accounts doing business with the Allams is quite a challenge.

[ewanrob]

Why do we have to progress? We've already proved that we can get to 7th place in the league with the existing board. You surely don't think that a town the size of Burnley can ever compete with the current top six, however much we gamble.

Gambling is a fool's game and we don't have fools on the BFC Board.

"Why do we have to progress"....because treading water is the new going backwards. I said earlier if we want to be a top 12 team year in year out then we need more money.

[Chester Perry]

I would welcome it, I don't know how wealth played a part back in the 50's and 60's when we were top of the pile as a team briefly, How were clubs like spurs and utd backed in thosedays? I can never recall fans discussing the business side much when I was a younger fan. Looks like most successful clubs who can hold their own in the premier league have huge financial backing. whilst its ok to appreciate the efforts successive burnley boards have been over the years, surely its time to look into improving the financial clout we muster if a takeover were possible.seems to me if sean dyche left, the football side would collapse like a house of cards very quickly. a bit of cash could be our salvation.

Gates were shared with the opposition plus Maximum wage and just emerging from it finances where not the same issue - though Sunderland where once known as the Bank of England for their spending

[Chester Perry]

"Why do we have to progress"....because treading water is the new going backwards. I said earlier if we want to be a top 12 team year in year out then we need more money.

An awful lot of clubs have got themselves into a right mess trying to attain the so called "next level"

[Chester Perry]

I reckon Hull would be the natural fit for him. Although by all accounts doing business with the Allams is quite a challenge.

that is a great call

[Chester Perry]

I still think our best opportunity for growth is to push ourselves as a kind of Greenbay, (the working man's team, the underdog taking on the big boys) of the Premier League - Both CricketfieldClaret and myself have posted about this a few times in the past - How you actually do this I don't know.

Greenbay of course never run the risk of relegation, can benefit from the draft, do benefit from a salary cap and equal central funding.

an yes Paul that does kind of fall in with Northern Powerhouse

[ewanrob]

An awful lot of clubs have got themselves into a right mess trying to attain the so called "next level"

But it's not about the next level, its sustaining what weve got...and right now the board arent giving Sean the tools to do that.

[DCWat]

I still think our best opportunity for growth is to push ourselves as a kind of Greenbay, (the working man's team, the underdog taking on the big boys) of the Premier League - Both CricketfieldClaret and myself have posted about this a few times in the past - How you actually do this I don't know.

Greenbay of course never run the risk of relegation, can benefit from the draft, do benefit from a salary cap and equal central funding.

an yes Paul that does kind of fall in with Northern Powerhouse

I think our marketing team may need some significant investment.

[Danieljwaterhouse]

Why do we have to progress? We've already proved that we can get to 7th place in the league with the existing board. You surely don't think that a town the size of Burnley can ever compete with the current top six, however much we gamble.

Gambling is a fool's game and we don't have fools on the BFC Board.

And with that mindset I don’t know why we don’t volunteer to relinquish our seat at the top table and ask to be put into league two. We should know our ‘place’.

Yes I think Burnley could compete with the top six. Investment is a reality to survive at any level of football nowadays.

[aggi]

"Why do we have to progress"....because treading water is the new going backwards. I said earlier if we want to be a top 12 team year in year out then we need more money.

To be brutal there are about half a dozen teams in the country that are at that level. New investors and spending hundreds of millions may extend our seat at the top table a little but inevitably we're going to go down at some point.

Some may call it defeatist, some may call it realistic but that's where we are. Personally I'm not overly hung up about new investment, it's one of those areas where you always want more, the more you spend the more you want to spend. Admittedly I'm fairly sanguine about this at the moment as, pretty comfortably, we're staying in the Premier League for another year.

[Conroysleftfoot]

Forgive me if this question has been asked but why have Bournemouth received the backing they have, they don't seem to have any of the things an investor would be looking for?

[Gordaleman]

And with that mindset I don’t know why we don’t volunteer to relinquish our seat at the top table and ask to be put into league two. We should know our ‘place’.

Yes I think Burnley could compete with the top six. Investment is a reality to survive at any level of football nowadays.

“I think we have other priorities, maybe. I don’t know if after the Coronavirus, whether the financial situation for the club will change."

“We will see at the end of this season.”

Obviously, that's someone worrying about the effects of Coronavirus on their clubs's finances, so Burnley need to be just as worried, if not more so. We can't just throw money at the team and hope it doesn't backfire on us a couple of seasons later. Gambling is NOT an option.

By the way, I've never said that we shouldn't spend any money. Quite the reverse. On another thread I pointed out that we spent nearly £40 million in one window not too long ago and I suggested that maybe we might come close to that this summer. We'll see.

By the way, the quote above was Man City manager Pep Guardiola being cautious about his transfer budget, and they are not exactly paupers with their Saudi backers.

[BenWickes]

I'm no expert on finances and would hate us to sell our soul but is there some sort of happy medium? We have got where we are with a prudent board and a savvy manager and his team. I note we have no debt of real, if any note. We also cancelled our credit account before Covid-19. I'd hate us to be bought out by some billionaire and end up like so many other clubs. This pandemic will have hit many clubs. I notate even Spurs negotiated a £175 million loan with the bank of England recently, probably to cover lost income following their expenditure on their new stadium. They must be heavily reliant on ticket sales to recoup that money. Could. would it be feasible to go down that route rather than selling out to someone who has no interest in the club other than profit. Surely we'd be a viable candidate for such a loan to cover Covid losses. Possibly loosening the purse strings for squad improvement somewhat, without betting the ranch? Don't get me wrong, I'd welcome a takeover/investment, but not at the expense of pitting a hope of success against financial disaster.

[timshorts]

I still think our best opportunity for growth is to push ourselves as a kind of Greenbay, (the working man's team, the underdog taking on the big boys) of the Premier League - Both CricketfieldClaret and myself have posted about this a few times in the past - How you actually do this I don't know.

Greenbay of course never run the risk of relegation, can benefit from the draft, do benefit from a salary cap and equal central funding.

an yes Paul that does kind of fall in with Northern Powerhouse

As a club there is a lot of similarity. It just wouldn't work here without a salary cap, and a salary cap in the Premier league won't work unless there is a similar salary cap in Spain, Italy, Germany, China etc.

Man United would have poached Aaron Rogers years ago. Devante Adams would be in Liverpool and on the pitch we'd be more like Jacksonville.

[Chester Perry]

Forgive me if this question has been asked but why have Bournemouth received the backing they have, they don't seem to have any of the things an investor would be looking for?

he is Russian

This is something that comes up from time to time and the answers tend to drop in one of 2 categories:
- Associated business interests in the region the club is located
- the need to get funds to a safe location into a very publicly recognised organisation that is free from the grasp of the home government

.......

Both Russia and Saudi have removed substantial funds and assets from wealthy individuals who fall foul of their rulers demands.

The same reason Abramovich invested in Chelsea - these type of investor prefer London, or somewhere close or the south coast for obvious reasons

didn't think I needed to spell it out that much

[maidenover]

Seems there is foreign interest in investing in Burnley FC, according to today's Sunday Telegraph. Subscription required to read full link. Sorry if this is posted elsewhere, I thought it would have been but I can't see it. If somebody could copy and paste full article I'd appreciate.

https://www.telegraph.co.uk/football/20 ... y-premier/

[Clarets4me]

It's under the thread " Investor ", and the full article is posted there ....

[ClaretTony]

Why did the people who invested in Bournemouth, or Sheffield United, or Wolves at the time they did, invest in those clubs ?

The Bournemouth one is easy, the Russian lives at Sandbanks and met the then chairman when having work done his house. So, in effect, a local investor.

Wolves were one of a number of West Midlands clubs snapped up by Chinese investors.

I’m not sure how the Saudi got involved in Sheff United but there have been problems there that the court eventually had to resolve.

[Rileybobs]

But it's not about the next level, its sustaining what weve got...and right now the board arent giving Sean the tools to do that.

To be fair the board are giving Sean the tools as our current league position and number of consecutive seasons at this level proves.

But suppose they’re not giving him the tools to sustain our position. Where do you expect the board to get these tools from? Our accounts are published and show that, simplistically, we’re just about getting by financially without having to sell players. This has lead to a relatively healthy cash reserve but one which will take a hit due to the affect of Covid 19.

So it seems that you’re advocating the club is run unsustainably which is very short sighted as there is no realistic financial reward significantly higher than what we already receive. Taking a financial risk to gain promotion to the PL could be seen as a appropriate risk/reward scenario but in our case I don’t see how it is.

[ewanrob]

"So it seems that you’re advocating the club is run unsustainably which is very short sighted as there is no realistic financial reward significantly higher than what we already receive."

Not at all, take JH for example...if it's to be believed the club offered him less than his previous salary. If the club are now saying, wages need to be around 60million in order for us to successfully buy new talent, then they are going to struggle with the retention of our better players. Only way forward is to get outside help on the money front.

[ClaretTony]

"So it seems that you’re advocating the club is run unsustainably which is very short sighted as there is no realistic financial reward significantly higher than what we already receive."

Not at all, take JH for example...if it's to be believed the club offered him less than his previous salary. If the club are now saying, wages need to be around 60million in order for us to successfully buy new talent, then they are going to struggle with the retention of our better players. Only way forward is to get outside help on the money front.

Simple fact is, the club is being run sensibly but has also benefited substantially because of the work Sean Dyche has done in getting us to and keeping us in the Premier League. Thankfully we’ve been sensible which will now stand us in good stead in these current circumstances.

Dyche talks about stretching it, which I’m sure we can to an extent, but how far can we stretch it and, more importantly, how far would we have to stretch it to move us on to the next level?

We are a club that cannot get 20,000 home fans through the gate for home games in the Premier League. We have a significantly lower average attendance than a number of Championship clubs and certainly one in League One.

The big question is how can we increase the income to allow us to stretch it?

[Gordaleman]

"So it seems that you’re advocating the club is run unsustainably which is very short sighted as there is no realistic financial reward significantly higher than what we already receive."

Not at all, take JH for example...if it's to be believed the club offered him less than his previous salary. If the club are now saying, wages need to be around 60million in order for us to successfully buy new talent, then they are going to struggle with the retention of our better players. Only way forward is to get outside help on the money front.

What none of us know is just what irons Burnley may already have in the fire. We may have already targetted a replacement (At a more competitive price than Hendrick) and the stance by Sean could just have been a loyalty thing. Maybe they think Brownhill is that replacement? We has a similar situation with Tom Heaton. The board, who's first priority must always be the club as a whole, knew we had Pope, so offered Tom less than he thought he was worth. It's called good business.

[Rileybobs]

"So it seems that you’re advocating the club is run unsustainably which is very short sighted as there is no realistic financial reward significantly higher than what we already receive."

Not at all, take JH for example...if it's to be believed the club offered him less than his previous salary. If the club are now saying, wages need to be around 60million in order for us to successfully buy new talent, then they are going to struggle with the retention of our better players. Only way forward is to get outside help on the money front.

I doubt that we’d offer Hendrick reduced terms, maybe we did but I find that hard to believe.

Some outside help would be nice. But investors generally want a return on their investment. That seems quite unlikely at a club like Burnley because as I said in my post before, we can spend more money but that is unlikely to give a return significantly greater than what we get now.

I suppose the best chance of investment would be a wealthy individual looking for a vanity project. But we’re not the most desirable club in that regard and we’ve probably peaked in terms of our global awareness.

[ewanrob]

"The big question is how can we increase the income to allow us to stretch it?"

Indeed, you would like to think with 2 years left of his 5, that MG was doing some forward planning....but I doubt it.

[Gordaleman]

"The big question is how can we increase the income to allow us to stretch it?"

Indeed, you would like to think with 2 years left of his 5, that MG was doing some forward planning....but I doubt it.

Why do you doubt it? Have you any logical reason for that doubt? Mike Garlick and this present board have transformed this club over recent years and should continue to get the highest praise from Burnley fans. I just don't understand your point of view about them at all.

[Down_Rover]

The only clubs that have bought their way into the top 6/8 are backed by mega rich who won’t even find Burnley on the map

Many more have tried and failed

Even Leicester Wolves Sheffield Utd are work in progress. What happens next to them? Rovers in the making maybe? Bournemouth is faltering. Leeds Portsmouth Bolton to name a few tried and failed

We are where we are thru prudent management and, currently, punch above our weight. West Ham Aston Villa and Everton have spent fortunes without going to the ‘next level’

A reality check is required

[Belial]

As a club there is a lot of similarity. It just wouldn't work here without a salary cap, and a salary cap in the Premier league won't work unless there is a similar salary cap in Spain, Italy, Germany, China etc.

Man United would have poached Aaron Rogers years ago. Devante Adams would be in Liverpool and on the pitch we'd be more like Jacksonville.

Exactly. Some similarities with Green Bay but in reality it's a whole different situation. Not to mention the fact they have something like a 10 year wait on season tickets to fill an 81,000 seater staduim....

[Down_Rover]

Oh and if we had a bigger budget would we have wasted it on players like Bowen and Che Adams

[Quickenthetempo]

Oh and if we had a bigger budget would we have wasted it on players like Bowen and Che Adams

West Ham fans have been raving about Bowen recently. Always the best player on the pitch apparently.