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Burnley attracting interest from overseas investors seeking to buy Premier League club

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Burnley are the subject of interest from an overseas consortium looking to buy a Premier League club. They endured a week under scrutiny over the “White Lives Matter” plane banner and the future of Sean Dyche but are viewed as having huge potential for investors. 

It is understood American and Middle-Eastern investors have looked closely at a club who have been in the top flight for five of the last six campaigns under Dyche and are assured of safety from relegation again this season.  

The consortium will look to see if there is appetite for a takeover from Clarets chairman Mike Garlic in the post-Covid-19 landscape of football. The club issued said in a statement two years ago that they were open to investment from outside sources but were not in talks over a takeover.      

Burnley were in the headlines last week over a fan organising a banner in conflict with the Black Lives Matter movement against inequality. Dyche described it as a low moment for the club and two giant anti-racism banners were produced for their win against Watford at Turf Moor on Thursday.

Dyche’s future has also appeared uncertain after criticism of the club’s board over failing to extend the contracts of first-team players. 

He had asked the board to renew deals last season to avoid the possibility of departures on free transfers. The delay of the season being completed due to the coronavirus pandemic meant Jeff Hendrick, Aaron Lennon and Joe Hart needed short-term extensions but could not agree fresh terms. Phil Bardsley signed a new one-year deal out of those with expiring contracts.

Dyche, who has two full seasons left on his contract, has worked on a smaller budget than many of his Premier League rivals and has spoken about the club’s spending ahead of Monday’s clash at Crystal Palace. 

“It’s not about breaking it, I would never do that. No way would I rip it up,” he said. “But can we stretch it? Yes, I think we can. Does it need stretching? Yes, it does. You can’t, forever, work on a net spend of £9million-a-year. It is not impossible but it is improbable that is going to work over a long period.”


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