Gold Coast Fined For Salary Cap Breach Marketing Symposium: Global Sports Events Kazakhstan Seeks Foreign Investment Bochum Abandons Plan To Save Money NZRU Cancels Match In Singapore Cargiant, QPR Battle To Build Homes McIlroy Takes Time To Focus On Lawsuit PSG's Biggest Revenue Stream Is 'Other' Stadium Roof Would Cost Up To $307M Adidas Mulling Reebok Sale
SBD Global/August 20, 2013/FinancePrint All
League Championship Burnley Co-Chair Mike Garlick "is predicting" that the club will break even this season after posting a loss of £8M in '12-13, according to the BBC. Garlick said that last year's figures "do not include the money received from the recent sale" of striker Charlie Austin to Queens Park Rangers. Garlick, who became Burnley's co-chairman alongside John Banaszkiewicz in May '12, added, "When I say we will break even, that is before the sale of Charlie. In terms of player trading, we will actually show a profit. The loss is for last season. It's not where we are now" (BBC, 8/19).