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

W

ell, if he'd be unable to reject an offer from Barcelona or Madrid, he may as well join Arsenal while he's waiting for them to call. It's a logical progression.

bouldasbrass
Lacazette: I'll only leave for CL

D

zeko is nothing more than a Bosnian Andy Carroll.

uncle monty
The New Dawn Gossip

A

h ha ha, excellent. Let's hope he goes on the run. Then they hunt piggy down for scoffing all the apples. At least he's done something right - he has united football fans, regardless of who they support, against FIFA and all those at the top who have been bleeding the game for their own means and giving nothing back.

GVMUFC
Blatter 'under investigation'

Footer 365

Rafa Benitez named new coach of Real Madrid

Rafa Benitez has been confirmed as the new coach of Real Madrid on a three-year contract.

Prince Ali targets interim presidency at FIFA before elections

Prince Ali of Jordan is investigating if he can be FIFA's interim president before an election, according to Sky sources.

Michel Platini calls off UEFA meeting after Sepp Blatter quits

UEFA has postponed a Champions League meeting after Sepp Blatter announced his intention to resign as FIFA president.

Mail Box

Does Anybody Care About Russia?

Do any of us really care about the decision to give the 2018 World Cup to Russia? We're not sure anybody does. We have mails on Blatter, Rafa and lots more...

Celebrate Good Times, But Hard Work Starts Now

The Mailbox is joyous over the impending departure of Sepp Blatter, but offers a reminder that problems remain. Plus title winners, CL play-offs and Nigel Adkins...

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