Shocking that someone signed off on the relegation clause and they need looking at!

"ALK Capital took over the club in December 2020 via a leveraged buyout, borrowing a substantial fee from MSD Holdings — which was due for repayment in December 2025.

From the club's official accounts the value of the loan was confirmed as £65 million.

As it stands, Burnley only have to pay interest on the loan.

However, the document also explains that dropping out of the Premier League would move the repayment schedule forward — with a significant proportion of the capital loan value required shortly after the end of the football season."

Posted By: ChengdeCanary, May 4, 18:53:57