Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Burnley Complete Turf Moor Buy-Back

Fri 5th Jul 2013 | Football Stadiums & Facilities

Burnley Football Club have taken Turf Moor and Gawthorpe back under the club’s ownership following the completion of a buy-back campaign developed by co-chairmen John Banaszkiewicz and Mike Garlick.

With the welcome involvement of a number of key supporters, and further investment from the club, both facilities come back under the umbrella of Burnley FC with immediate effect.

Turf Moor, the Clarets’ home for over 130 years, and the Gawthorpe training ground were sold in 2006 to Longside Properties to resolve financial problems following the ITV Digital crisis.

John Banaszkiewicz said: “As directors and fans, we feel passionately about the club and bringing Turf Moor and Gawthorpe back home is the right thing to do for Burnley.

“It was vitally important for the club to come up with a scheme that would enable it to regain control of the properties.

 “Despite concerns that it would be tough to raise the funds we needed, this innovative scheme has been very successful, bringing us £3.5 million.

 “In the long term this will save the club money in rent and charges that can be used to invest in the squad and help to build for the future.

“This is our town and now it’s our Turf!”

Burnley Football Club Director Clive Holt added: “What is good for the town is good for the club and vice versa.

“Regaining control of Turf Moor and Gawthorpe has been a massive achievement and we are tremendously grateful for the generous support of the individuals who have helped the club to achieve our vision.”

Building on the successful buy-back scheme, the club is now in the process of creating an advisory group that will complement the Board of Directors and offer input from across the whole club spectrum, including fans, the manager and staff.

In addition to placing on record its sincere appreciation to the bondholders who made the buy-back possible, Burnley Football Club would like to thank key people involved in the scheme, including Burnley FC Director of Commercial Affairs Anthony Fairclough, Financial Controller Ken Stout, Clive Holt and Paul Smith from Freight Investor Services.

 

Posted by: Aaron Gourley

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

 

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE FCBUSINESS RSS FEED

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

In Focus: SISGrass Shows Its Strength

Mon 10th Apr 2017 | Football Stadiums & Facilities

From Russia 2018 World Cup venues to Derby County, 2016 was the year to remember for SISGrass. fcbusiness speaks to Phil Blackwell, UK Project Director for the Cumbria based company about their...

AFC Fylde Lay Foundations For New Education Centre

Thu 6th Apr 2017 | Football Stadiums & Facilities

AFC Fylde’s Community Foundation has revealed further details about its new £400,000 Education Centre, which is due to open at the £25m Mill Farm Sports Village later this year....

Wembley Stadium: Experiencing Club Wembley

Fri 31st Mar 2017 | Football Stadiums & Facilities

Wembley Stadium is one of the most famous football grounds anywhere in the world. The new stadium opened in 2007, and as this was our first visit, we wanted to do it in style with some hospitality....

Sweden Gets First Taste of SISGrass

Tue 28th Mar 2017 | Football Stadiums & Facilities

Sweden has had its first taste of the revolutionary SISGrass hybrid system following the turfing of the Gamla Ullevi football stadium in Gothenburg. Premier Pitches removed the pitch and SIS installed...