The KC Stadium

Next Game

Hull City v Burnley

Saturday, 09 May 2015, 15:00

Barclays Prem

Upton Park

Last Game

West Ham 1 - 0 Burnley

Saturday, 02 May 2015, 15:00

Barclays Prem

Burnley reveal slight profit

Burnley have announced a profit of £3.6m for the year ending 30 June 2012 ahead of their AGM.

Last Updated: 21/11/12 at 13:59 Post Comment

Burnley: Have benefited from the sale of star man Jay Rodriguez

Burnley: Have benefited from the sale of star man Jay Rodriguez

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

The Clarets operated at a loss of £4m the previous year and the upturn in their finances can largely be explained by the £7m sale of star striker Jay Rodriguez to Southampton.

Joint chairmen Mike Garlick and John Banaszkiewicz said in a statement to shareholders: "This player trading remains a cornerstone of how the club balances it books.

"Despite recording an operating loss for the year, the transfer fee we received for Jay Rodriguez meant we were able to convert this loss for the year into a profit and provide the basis for supporting ourselves in 2012/13.

"Looking forward, the reduction in our income in 2012/13 and 2013/14, now that the initial Premier League parachute payment period has ended, and the introduction of the Football League Financial Fair Play Rules mean that we need to continue to plan carefully for the future and act accordingly, to ensure that we operate within the Rule and the income we generate.

"Your Board are true Clarets' fans and we are committed to supporting the team and the manager to give us the nest chance of achieving the success we all feel the club deserves."

The Turf Moor club will continue to try and cut their wage bill after turnover fell by £4m to £23m due to a further reduction in parachute payments from the Premier League and lower attendances.

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

I

still can't see the Phil Jones thing that some people go on about. Whenever I watch him play it's a repeat of headless chicken meets a gurning Bambi on ice for 90 minutes.

diabolicaldiaby
F365's Top Ten Defenders Of The Season

P

robably the first list I've come across in a long time where I agree with a large majority of what was written. Can't agree with everything though, Zaba has had an awful season by his standards, I'd put Monreal (a player who I've never rated) up there, gotta give credit where it's due, he's really stepped up his game.

scroteymcbooger
F365's Top Ten Defenders Of The Season

S

ome top analysis here..... UNITED WOULD BE TOP IF IT WEREN'T FOR ALL THEM GAMES THEY LOST

benvo81
United Progress Stifled By Bottom-Half Record

Footer 365

Spanish football could be shut down from May 16 over TV rights argument

La Liga faces being shut down from May 16 over an argument between Spain's football federation and the Government.

Real Madrid the most valuable team in football ahead of Barcelona

Real Madrid have retained their place as the most valuable football team, despite a drop in figures, according to Forbes magazine.

Jose Mourinho agrees new Chelsea deal, claim reports

Chelsea manager Jose Mourinho has verbally agreed a two-year extension to his contract, according to reports.

Mail Box

Coutinho Better Than Cazorla And Cesc...

Philippe Coutinho has outperformed Santi Cazorla AND Cesc Fabregas, while Arsenal need no new signings. We also have mails on Olivier Giroud and shopping lists...

Giroud Is More Than Good Enough...

Olivier Giroud and Theo Walcott are integral to Arsenal's title hopes next season. There's also more on handballs, Juventus, and Ronaldo holding Bale back...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company