Burnley face big challenges following relegation. No more Premier League TV money, which made up 90 per cent of the club’s revenue in the latest set of accounts. A significant portion of the £65 million loan taken out to purchase the club is now due in the coming weeks. The finances are a worry. There has been a turnover in staff behind the scenes and the status of the academy is unclear.
There will be relegation wage cuts and player sales.
Cornet’s £17.5 million release clause is active and Nick Pope and
Weghorst, with the World Cup approaching, will no doubt be seeking
moves. Discussions will be held regarding Dwight McNeil’s future.
All eyes are on owners ALK and chairman Alan Pace for what
comes next. They have spent 18 months shaping the club in their image, making
improvements to the stadium and installing their core group of staff, but on
the pitch, they have gone backwards.
They have had many doubters, those who question the
leveraged buyout, about their football knowledge, how equipped they are to run
a club and how much money they actually have.
The most recent point of concern is that the club’s academy
is reportedly set to be downgraded to category-two status, less than two years
after being approved as a category one.
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