How the fùck did they allow this to happen. From start to finish their takeover was a disgrace. The fans as usual will be the ones to suffer.
A small section of the small print in their takeover agreement ;

"The capital element of the loan is due for repayment by Burnley FC Holding Ltd in 2025, with interest only payments being required to this point, providing the club remains in the PL.
In the event of the club being relegated from the PL, the repayment schedule for the capital element of the loan is brought forward with a significant proportion falling due for repayment shortly after the end of the football season in which the relegation event takes place.
This repayment would therefore be expected to fall due within less than one year from the balance sheet date in these circumstances.
In a continuing relegation scenario, a further significant reduction of the loan balance would also take place in the following season. These amounts are subject to agreement between the parties."
Masters and Co allowed this as they were never going to be a threat. With nearly 20 players out of contract this season and now this hanging over them, it could be a while, if at all before we see Burnley in the top flight again.