Burnley 'Will Go Bust' If Premier League Season Is Cancelled Because Of Coronavirus
Burnley chairman Mike Garlick has claimed the club will go bust by August if the Premier League season is cancelled because of the coronavirus outbreak.
The Lancashire-based outfit say they will lose a whopping £50 million if the campaign does not restart and warned that other teams could face even bigger losses.
The current league season is suspended indefinitely due to the global pandemic and Garlick said the club only have a few months before their money completely runs out.
"The fact of the matter is, if we don't finish the season and there isn't a clear start date for next season, we, as a club, will run out of money by August," he revealed.
"That is a fact. I can't speak for other clubs, I don't know their financial positions. All I can speak for us our club and our position.
"That's why we're very determined that when of course it is safe to do so, we really want to finish this season."
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He added: "We voted unanimously to finish the season, so it's clear everyone wants to get the job done.
"It is crystal clear that finishing the season is by far the best outcome for all the Premier League clubs."
Burnley released a statement saying that the club would lose a massive £45 million in television revenue if the season is not concluded.
£50 Million Shortfall If Clarets Don't Finish The Season https://t.co/XXslyDBLfJ- Burnley FC (@BurnleyOfficial) April 4, 2020
"Due to the continued suspension of Premier League games this presents some significant challenges for the football club," the statement reads.
"Burnley FC are set to lose around £5m in lost revenue from the remaining home games, which in the event that the season finishes would be unlikely to be recouped owing to the likely prospect of these fixtures being played behind closed doors.
"In addition, the Clarets face missing out cash payments from the Premier League of up to £45m in broadcasting revenue and other items if the season is not finished.
"It is believed that other clubs could be looking at up to a £100m shortfall."
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