The coronavirus has averted a peril on the sporting events since its outbreak, forcing the leagues and tournaments for cancellation or postponement this year. And due to that the teams and the organizing committee have reported huge losses already that has also led to a question for their survival. One such team falling victim of this loss is the Premier League team Burnley FC.
Burnley FC is one of the top 10 teams of this season’ Premier League standings, has reported that they will run out of the money in the coming months due to the losses they are incurring. The club chairman Mike Garlick declared that the club’s financial situation is at a pitfall and it may only last till August if the situation prevails till then.
“The fact of the matter is if we don’t finish the season and there isn’t a clear start to next season, we as a club will run out of money by August. That’s a fact,” Garlick told Sky Sports.“I can’t speak for other clubs and I don’t know their financial positions and all I can speak on is our club and our financial position.“That is why we are very, very determined that when it is of course safe to do so we really do want to finish this season.“We voted unanimously to finish the season so it’s clear everyone wants to get the job done. It’s crystal clear that finishing the season is by far the best, if only real outcome for the Premier League clubs.”
Before the season suspension, Burnley FC was placed 10th in the league standings, 12 points clear of the relegation zone and only four shies of the top six teams.
As per the reports, the Clarets are set to lose £5 million in their revenue that was to come from the remaining home matches. In addition to that, they are also set to miss out on the cash payments from the Premier League up to £45 million coming from the Broadcasting. It is also being speculated that the clubs are set to face a revenue loss of £100 million in the coming months caused due to the coronavirus.
