Starting Five Hangin' With ... Pascha Naderi-Nejad China Most Promising Market For Bayern DFB-Pokal Sponsors Largely Unknown FIA Inspects Ferrari Wind Tunnel AEG, Bahamas Sign Agreement Louis Vuitton Extends America's Cup Deal Arrests Unlikely To Rattle FIFA's Finances Europa League Final Draws 2.6 Million Executive Transactions
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).