solvent maybe, but a ?8m loss for 2012-13 financial year

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"The latest figure comes as a surprise, given that Burnley?s co-chairmen John Banaszkiewicz and Mike Garlick are said to have invested more than ?10million into the club over the last three years.

But with Burnley into the last year of Premier League parachute payments, which totalled ?48million over four years from 2010, the club?s four-man board is now on the look-out for fresh investment."

Posted By: CWC, Feb 17, 10:31:10