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It is “essential” for Burnley to be part of the Premier League to handle their debt levels and avoid a potential points deduction.that there have been “concerns” over the debt levels at Turf Moor since their takeover in 2020.
ALK Capital purchased the club through a leveraged buyout which included the club’s money and a substantial loan from MSD Holdings to complete a £170million deal.Burnley will have to take action to avoid future financial breaches after their 22-23 accounts revealed that their debt has grown to £81millionThey suffered losses of £28million last season but are clear of any immediate PSR breaches due to a profit of £26million in their 2021-22 accounts.
Join the Football Insider WhatsApp channel to get all our exclusives and the breaking transfer news FIRST.It means for Burnley that being a member of the Premier League is more essential than it is desirable.They will have the benefit of parachute payments if they are relegated, but they will only get two years worth of it.Their player purchases of £60million in 2022-23 were also certainly big-hitting by Championship standard.
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