Burnley, who were acquired by ALK Capital in December 2020 through loans secured against the club's assets and additional external debt, have avoided posting a record financial loss thanks to a landmark compensation payment from Premier League rivals Everton.
The compensation, details of which have not been disclosed, offset the club's financial exposure and prevented what would have been the largest loss in Burnley's history. The takeover structure, which leveraged the club's own assets, had left the Lancashire side vulnerable to significant accounting deficits.
