05 Apr Premier League club “will run out of money by August” if season doesn't resume

Premier League battlers Burnley will go bankrupt if the season hasn't resumed by August.

That’s according to Clarets chairman Mike Garlick, who detailed the club’s grim financial outlook with the season currently suspended indefinitely due to the coronavirus pandemic.

“The fact of the matter is, if we don’t finish the season and there isn’t a clear start date for next season, we, as a club, will run out of money by August – that is a fact,” Garlick told Sky Sports News.

“I can’t speak for other clubs; I don’t know their financial positions. All I can speak for us our club and our position.

“That’s why we’re very determined that when of course it is safe to do so, we really want to finish this season.”

Burnley warned they could lose up to £50 million ($102m) if the 2019/2020 campaign is cancelled and released the following statement on the matter:

"Burnley FC are set to lose around £5 million in lost revenue from the remaining home games which in the event that the season finishes would be unlikely to be recouped owing to the likely prospect of these fixtures being played behind close"

"In addition, the Clarets face missing out on cash payments from the Premier League of up to £45 million in broadcasting revenue and other items if the season is not finished.

"It is believed that other clubs could be looking at up to a £100m shortfall."

Burnley, who were founded in 1882, have retained their Premier League status since winning promotion in 2016.