New owners of Burnley borrowed £60m from MSD Holdings

and it's all mortgaged against the ground and other property

MSD seem to be the funding of choice for new owners at the moment.

Sounds like the new owners have done a Donald and put hardly any of their own money in.

https://www.theguardian.com/footbal...-left-club-90m-worse-off-and-loaded-with-debt

 

****houses. Don't like the Burnley owners either

 

Fat Philip Green's school of greed.

 

Any Burnley fans can PM me, I'll give you the pie recipe.

 

I looked at a graph the other day looking at the best and worst financial performers in the Premier League history. We were of cause right near the bottom, but Burnley surprisingly were near the top with well over £100 million profit.

 

They've been well ran for the last decade, not splurged stupid money on fees and wages and recruited sensibly. This new takeover could undo that in no time.

It takes ages to build something, but next to no time to wreck it, and it can take ages to rebuild it, if ever. Get this takeover wrong and Burnley could do a Sunderland. It's an interesting one to be sure.

 

Well, this certainly will be interesting to see over the coming months.