Rodriguez record sale helps Clarets post profit

First published in Sport

A CLUB record £7million sale of Jay Rodriguez has led to Burnley reporting a £3.16million profit for the last financial year.

The Clarets had a £4m shortfall for the previous 12 months, but the coffers have since been boosted by a total transfer profit of £8.5million.

A portion of that was reinvested into the squad with the purchase of captain Jason Shackell in the summer, along with Sam Vokes, Brian Stock, Luke O’Neill and George Porter in the summer, while Kieran Trippier and Ben Mee were signed on permanent deals in January 2012, following successful loan spells from Manchester City.

In a statement to shareholders, joint chairmen Mike Garlick and John Banszkiewicz said: “This player trading remains a cornerstone of how the club balances its books.

“Despite recording an operating loss for the year, the transfer fee we received for Jay Rodriguez meant we were able to convert this loss for the year into a profit and provide the basis for supporting ourselves in 2012/13.”

Although turnover fell by £4m to £23m - due largely to a reduction in Premier League parachute payments and falling attendances - Burnley have worked hard to reduce the wage bill by around £2.5m.

Comments (8)

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2:00pm Wed 21 Nov 12

BananaClarets says...

It's started. The subtle beginnings of justifying the sale of Austin.
It's started. The subtle beginnings of justifying the sale of Austin. BananaClarets
  • Score: 3

2:31pm Wed 21 Nov 12

midas says...

Their is no need to be subtle about it (and the club aren't) if the right offer comes in for Austin, he will be sold.
Their is no need to be subtle about it (and the club aren't) if the right offer comes in for Austin, he will be sold. midas
  • Score: 0

2:55pm Wed 21 Nov 12

BananaClarets says...

midas wrote:
Their is no need to be subtle about it (and the club aren't) if the right offer comes in for Austin, he will be sold.
You say that Midas but it was interesting to see on Football Focus at the weekend the chairman of Crystal Palace Steve Parish when asked if they'd be selling Zaha in January he replied 'What's the point? We can sell him at the end of the season if need be, but we might as well keep him till then and have a real go at promotion'.

Can you honestly see our chairmen showing the same resilience and foresight if a half decent offer comes in for Charlie? I guess we'll see.
[quote][p][bold]midas[/bold] wrote: Their is no need to be subtle about it (and the club aren't) if the right offer comes in for Austin, he will be sold.[/p][/quote]You say that Midas but it was interesting to see on Football Focus at the weekend the chairman of Crystal Palace Steve Parish when asked if they'd be selling Zaha in January he replied 'What's the point? We can sell him at the end of the season if need be, but we might as well keep him till then and have a real go at promotion'. Can you honestly see our chairmen showing the same resilience and foresight if a half decent offer comes in for Charlie? I guess we'll see. BananaClarets
  • Score: 7

5:03pm Wed 21 Nov 12

oggy 56 says...

good bye charlie..... they need the money for the chairmens end offseason hoildays
good bye charlie..... they need the money for the chairmens end offseason hoildays oggy 56
  • Score: 0

5:12pm Wed 21 Nov 12

burnleyglentoran says...

Austin is the top scorer in EUROPE!

He's premier league bound.

Good luck to him, and its £10m for us too!

Least it means he wont banging in 'em in down at Bol-Ewood......
Austin is the top scorer in EUROPE! He's premier league bound. Good luck to him, and its £10m for us too! Least it means he wont banging in 'em in down at Bol-Ewood...... burnleyglentoran
  • Score: -4

5:26pm Wed 21 Nov 12

walshy2866 says...

midas wrote:
Their is no need to be subtle about it (and the club aren't) if the right offer comes in for Austin, he will be sold.
Yes I remember when we used to be a selling club too. It's a 8ugger isn't it , get a decent player and in an instant he's gone to keep the club afloat. Ah well that's the trouble of following a small club with a bunch of wanna be owners and even worse very rich fans who don't have the balls to put their money where their mouth is and actually fund the club they supposedly love.
God bless Jack Walker , at least he did what he'd always wanted to do and finally got the chance when all the 10 bob millionaires like Robert Coar relinquished the reins and let a bloke with PROPER money in through the doors.
[quote][p][bold]midas[/bold] wrote: Their is no need to be subtle about it (and the club aren't) if the right offer comes in for Austin, he will be sold.[/p][/quote]Yes I remember when we used to be a selling club too. It's a 8ugger isn't it , get a decent player and in an instant he's gone to keep the club afloat. Ah well that's the trouble of following a small club with a bunch of wanna be owners and even worse very rich fans who don't have the balls to put their money where their mouth is and actually fund the club they supposedly love. God bless Jack Walker , at least he did what he'd always wanted to do and finally got the chance when all the 10 bob millionaires like Robert Coar relinquished the reins and let a bloke with PROPER money in through the doors. walshy2866
  • Score: 2

5:53pm Wed 21 Nov 12

Rovers75 says...

burnleyglentoran wrote:
Austin is the top scorer in EUROPE!

He's premier league bound.

Good luck to him, and its £10m for us too!

Least it means he wont banging in 'em in down at Bol-Ewood......
So you don't think promotions on the cards for the mighty clarets glentoran?

What with the huge fanatical support and Premier League pedigree, surely Austin would want to see the season out and take you back to where you belong as one of English footballs elite?
[quote][p][bold]burnleyglentoran[/bold] wrote: Austin is the top scorer in EUROPE! He's premier league bound. Good luck to him, and its £10m for us too! Least it means he wont banging in 'em in down at Bol-Ewood......[/p][/quote]So you don't think promotions on the cards for the mighty clarets glentoran? What with the huge fanatical support and Premier League pedigree, surely Austin would want to see the season out and take you back to where you belong as one of English footballs elite? Rovers75
  • Score: 7

9:53am Thu 22 Nov 12

midas says...

walshy2866 wrote:
midas wrote: Their is no need to be subtle about it (and the club aren't) if the right offer comes in for Austin, he will be sold.
Yes I remember when we used to be a selling club too. It's a 8ugger isn't it , get a decent player and in an instant he's gone to keep the club afloat. Ah well that's the trouble of following a small club with a bunch of wanna be owners and even worse very rich fans who don't have the balls to put their money where their mouth is and actually fund the club they supposedly love. God bless Jack Walker , at least he did what he'd always wanted to do and finally got the chance when all the 10 bob millionaires like Robert Coar relinquished the reins and let a bloke with PROPER money in through the doors.
Memories are wonderful aren't they. Look how you all eulogise over the times when you had money and were contenders but times change and we all move on, Burnley to making a small profit with a board of directors who are fans of the club and you to....well we all know where you have ended up, we have had two years of laughing at the Rovers comments section!
[quote][p][bold]walshy2866[/bold] wrote: [quote][p][bold]midas[/bold] wrote: Their is no need to be subtle about it (and the club aren't) if the right offer comes in for Austin, he will be sold.[/p][/quote]Yes I remember when we used to be a selling club too. It's a 8ugger isn't it , get a decent player and in an instant he's gone to keep the club afloat. Ah well that's the trouble of following a small club with a bunch of wanna be owners and even worse very rich fans who don't have the balls to put their money where their mouth is and actually fund the club they supposedly love. God bless Jack Walker , at least he did what he'd always wanted to do and finally got the chance when all the 10 bob millionaires like Robert Coar relinquished the reins and let a bloke with PROPER money in through the doors.[/p][/quote]Memories are wonderful aren't they. Look how you all eulogise over the times when you had money and were contenders but times change and we all move on, Burnley to making a small profit with a board of directors who are fans of the club and you to....well we all know where you have ended up, we have had two years of laughing at the Rovers comments section! midas
  • Score: -2

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