On the 8th of January I wrote on this thread :-
"Everything going to plan then.Just wait for the fan appeasing last minute signing of a Championship player.”
It was not difficult to predict believe me.
Perhaps Mr Rigg had a bright idea, let's sell Vokes for £8 million, put that towards the Evans fee, and then we can afford him. Perhaps his equivalent at Birmingham also had a bright idea, Burnley have just trousered £8 million for Vokes, so let's ask £8 million more for Evans.
The Dry Powder Room is bulging sinkov. The Vokes sale was inconsequential money wise, we simply have no idea how to conduct transfer business.
Dyche is on record saying what a pleasure it was to do business with Derby. I'll bet it was, Vydra for £9 million! For a fact Frank paid for Terrier Taxis to nip down the A500 and clear Vydra out from his own pocket.
All this talk of dry powder. Does anyone know how much there actually is? Is it reported in financial reports etc? How much of Burnley's finances include payments to Board etc and how much exactly? Just need some balance to the notion that we are stockpiling but need some answers.
Without giving you a fully audited balance sheet, we have cash at hand £150.000,000 and enough fully paid up assets player wise to easily add another quarter of a billion quid.
We have no debt, Gawthorpe is all paid for, we own Turf Moor again, we have some lease liabilities for the fancy medical equipment down at Gawthorpe, but that's it.
We could have spunked the asking price for Evans and hardly felt it, but no, lets chuck the net proceeds of the Vokes deal (£6,000,000) into the Dry Powder Room and keep on stashing.
If these figures are factually incorrect, I challenge Dave Baldwin or Mike Garlick to prove otherwise - (they can't and they won't!)
The Annual Report is published every year Oz, it's all in there, the latest one for 2017/18 is due out any time now I would think. The reported figures show a total profit over the three seasons previous to 17/18 of £48.6 million. Of course I could be proved wrong, but I can't see any reason why we didn't make a profit last season either.
https://www.burnleyfootballclub.com/...ounts-2017.pdf
BT and Sinkov: thanks for your great responses. Balances the matter, and I will be reading the annual reports when they are published.