The 2018-19 campaign was a 3rd succeeding season in which the Clarets taped a profit.
Burnley are forecasting an “extremely bright” future after announcing a net profit of ₤ 4.3 million for the financial year ending June 2019.
The 2018-19 campaign was a 3rd succeeding season in which the Clarets taped a profit, after tax, although the figure was down considerably from the record ₤366 m from 2017-18
That was due mostly to a greater net invest in new players of roughly ₤20 m compared to the previous year, where success was increased substantially by the sales of Andre Gray and Michael Keane, the club stated in a declaration.
Sean Dyche’s Burnley completed 15 th in the Premier League last season (Anthony Devlin/PA)
Turnover was down by simply over ₤ 1m to ₤1378 m, partially due to a drop in money made arising from completing 15 th in the Premier League last term, 12 months on from coming seventh. The wage costs grew from ₤82 m to ₤87 m.
Chairman Mike Garlick stated: “In the second half of the season we likewise invested greatly in our recruitment and scouting set-up, more than tripling the variety of full- time personnel.
“We are confident that this increased investment will slowly but surely develop our ability to identify and sign players that can improve our first-team squad, while at the same time helping to maintain our financial sustainability as a club for generations to come.”
Burnley were 10 th in the table at the point the 2019-20 season was suspended due to the coronavirus pandemic.
Burnley chairman Mike Garlick has actually mentioned “unique challenges” produced by the ongoing coronavirus pandemic (Nick Potts/PA)
Garlick added: “The future is incredibly bright for everyone, although in the short-term we understand all of us deal with distinct obstacles produced by the coronavirus pandemic.
” Issuing the club accounts is a legal requirement however our instant ideas are with those handling the impacts of the present ongoing situation.
” We are working carefully with the Premier League and the appropriate authorities concerning footballing matters, while off the field ensuring the club continues to run efficiently and all personnel, family and fans remain as healthy and safe and well supported as possible.
“We also urge you to follow all Government guidelines in trying to restrict the spread of the virus and by doing so look forward to the day when we can all meet again at Turf Moor and celebrate playing football in a safe environment.”