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Chairman's Notes: Liverpool

26 December 2014

Co-Chairman John Banaszkiewicz gets into the Christmas spirit

Good afternoon fellow Clarets,

What a great bonus present for Boxing Day: waking up to play Liverpool at our beloved Turf Moor. It doesn’t get much better than that! 

This ground has hosted many of the top flight teams over our rich and colourful history and Liverpool are very welcome here today.

We can feel immensely proud of our achievements this season, having the fourth best Premier League performance in the last six games. 

We are defying the odds and many people around the country are taking notice of what ‘little old Burnley’ are doing. I feel we are quickly becoming the club that people are rooting for. 

Part of the reason for that is because we are a traditional English football club, run by a Board made up of local fans who are passionate about our success.

It has been a challenging season for us, but when you look at what is happening at other clubs it’s clear that we have followed the right path.

The combined effect of the UEFA Financial Fair Play rules and new Premier League rules on wages are hitting hard at clubs that have spent money on players and wages without considering the long-term consequences. 

Clubs are allowed to make losses of up to £8m in 2013/2014, but as our local friends at Blackburn Rovers, Leeds United and Nottingham Forest are finding, the result is a transfer ban and close monitoring of their finances. 

The Premier League has also introduced rules that wages are to be capped by an increase of £4m every year if the wage bill is above £52m, and sanctions can include points’ deductions and fines. 

These rules have been successfully applied in other sports, such as Rugby League and American Football and we are pleased that they are enforced to curb over-spending and mismanagement of finances. 

Some of the bigger clubs are trying creative ways to get round the wage caps, but Burnley has never wanted to operate this way with Big Brother looking over our shoulder. 

That might make us more conservative, but we’d rather keep the attention where it belongs – on the pitch.

But back to today’s game. Liverpool last played us in April 2010, running out winners as we dropped back to the Championship. 

We are much better prepared today and ready to do battle for the Boxing Day honours. I’m sure that all our fans will get behind the team and give them the support they need. 

On behalf of everybody on the Board, we would like to thank you for your continued support during 2014 and wish you and your families all the best for 2015. 

Let’s hope these exciting adventures continue for the rest of season!

Up the Clarets!

John

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