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Burnley in good financial shape

Burnley's accounts for 2017/18 show that day to day profits were down £11 million but sale of Keane and Gray generated a £30 million profit to more than make up for it. The7th place finish in Premier League generated more prize money which was the driving force behind £17 million increase in income for Burnley.

Player trading consisted of purchases at £43.5m and sales of £36 million. The total squad cost £95m at 30 June 2018. The Chairman states in his report, 'Following the successful retention of our Premier League status at the third time of asking in 2016/17, I felt it was absolutely essential that we should avoid the dreaded "second season" syndrome and as a result we continued to invest in new playing talent whilst trading players where we felt that they might be at, or close to, the peak of their value.'

Wages grew from £61m to £81m, an increase of £20m on the previous season, as a result of a determination to be more competitive in the market, coupled with increased bonuses for players and coaching staff, following the highest league standing in over 40 years.

Television rights at £121.5m accounted for 87 per cent of total income. Commercial activities were £7.4m and match income £5.6m.

Kieran Maguire of the PriceofFootball has commented, 'Burnley once again didn’t need owners to dip their hands into their pockets for either loans or new shares. Shows how a professionally run outfit can live within its means and qualify for Europe.'

The full accounts are available here: Burnley FC

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