Home / Football News / Burnley: Premier League side post £3.7m loss for year to June 2016

Burnley: Premier League side post £3.7m loss for year to June 2016

Burnley won the Championship by four points from Middlesbrough

Burnley have posted a net loss of £3.7m for the year to June 2016, which the club has attributed to funding their Championship promotion campaign.

Sean Dyche’s side were promoted to the Premier League last summer – having been relegated 12 months previously – which cost the club £11.3m in bonuses.

During the stint out of the top flight, turnover fell from £79m to £40m.

“We managed to strike a balance between risk and reward,” said chairman Mike Garlick.

“We are in a stronger position to be more competitive this time in the Premier League.

“We have a clean slate and aim to give manager Sean Dyche and his team the best possible chance of consolidating our place in the world’s most competitive and exciting league.”

Check Also

Dortmund offer Aubameyang to Chelsea – gossip

For completed deals, check our transfers page. Transfer news Chelsea have been offered the chance …

Swansea City boss Paul Clement unsure of Gylfi Sigurdsson’s future

Gylfi Sigurdsson scored nine goals and assisted 13 for Swansea City in the Premier League …

Celtic: Olivier Ntcham seeks ‘big fun’ after £4.5m Manchester City exit

[unable to retrieve full-text content]

Can you name all five former Barca players managing in the Premier League?

[unable to retrieve full-text content]

Man Utd rated world’s most valuable football team

The Dallas Cowboys deposed Real Madrid as the world’s most valuable team in 2016 NFL …