Welcome to the Clarets fan blog. For all Clarets supporters out there and football fans alike. Get involved by showing love on my channel and following my posts about Burnley FC. Burnley Football Club recorded a net profit for a third successive season during the financial year ending June 2019.
The figure was down on the record profit of £36.6m (£45m pre-tax) recorded for the previous 12 months, due largely to a higher net spend on new players of approximately £20m compared to the previous year where the sales of Andre Gray and Michael Keane boosted profitability considerably.
Chairman Mike Garlick said: “In the second half of the season we also invested heavily in our recruitment and scouting set-up, more than tripling the number of full-time staff. We are confident that this increased investment will slowly but surely develop our ability to identify and sign players that can improve our first-team squad, whilst at the same time helping to maintain our financial sustainability as a club for generations to come.”
Mike Garlick: “Following our spectacular seventh-place finish in the 2017/18 season, we embarked on our first season in Europe in over 50 years - something, which I’m sure most of us, a few years ago, though we would never see again. Combining our European adventure with the weekly fixture programme of the Premier League proved highly challenging.
“But following a highly successful second half of the season, we managed to slowly but steadily climb up the table to a respectable finish and secure our fourth consecutive season of top-flight football for the first time in 50 years.
“I would like to thank all our staff for their continued hard work and commitment and all our fans for their unwavering support and passion. You all help to make a difference. The future is extremely bright for all of us, although in the short term we know we all face unique challenges brought about by the coronavirus pandemic."
"Issuing the club accounts is a legal requirement but our immediate thoughts are with those dealing with the effects of the current on-going situation. We are working closely with the Premier League and the relevant authorities regarding footballing matters, while off the field making sure the club continues to operate effectively and all staff, family, and fans stay as safe and healthy and well supported as possible.
“We also urge you to follow all Government guidelines in trying to restrict the spread of the virus and by doing so look forward to the day when we can all meet again at Turf Moor and celebrate playing football in a safe environment.”
Mike Garlick is the chairman of the Burnley FC club. Read more news about Mike Garlick Burnley here. Read the latest Mike Garlick Burnley FC news here.