Burnley chairman Mike Garlick says the Clarets are prepared to take their spending to new levels in a bid to establish themselves in the Premier League.
The Clarets have broken their transfer record three times in the last 12 months to acquire the services of Robbie Brady, Jeff Hendrick and Steven Defour.
The trio helped Sean Dyche’s side earn a 16th-place finish in the season just ended to secure back-to-back Premier League campaigns for the first time.
And Mr Garlick confirmed the board will back Dyche further with an increased budget to try and aid the manager’s efforts to sustain top-flight football at Turf Moor.
“I think it’s fair to say we will spend more on transfer fees in the coming season than we did last and player wages aren’t going down,” said the chairman.
“Our main objective when the transfer window closes is that we have got to be stronger than we are today. Will that be hard work? ‘Yes.’ Will we be able to achieve it? I believe we can.
“I think in terms of transfer fees, there’s probably more money available for next season than there was last. You would hope, because there is more money available, we could improve slightly on where we are.”
The Clarets have committed between £8-9m to spend on further developments at the Barnfield Training Centre and on ground improvements at Turf Moor – including improved access for disabled supporters in line with legislative guidelines.
Robbie Brady joined the Clarets from Norwich City in January
But there are no current plans in place to expand the stadium, as focus is given to the football operation.
“Everything else has to go on the pitch, strengthening the team to make sure we stay in this Premier League,” added Mr Garlick.
“Short to medium term, we’ve got to get established as a Premier League club.”
Player recruitment will be key to Dyche’s summer plans before the next transfer window closes at the end of August.
Transfer speculation has also centred on potential out-goings – notably around England international defender Michael Keane - but Mr Garlick insists the Clarets remain well placed to do the business they want.
“We don’t actually have to sell any player so, going forward, it has got to be on our terms and terms that are right for us. Do we need to sell anyone? ‘No’.
“It (speculation) comes with the territory of having a team which has an impact in the Premier League, which is what we’ve done. It’s bound to attract attention.
“Right now, there is a lot of noise out there from the media but we haven’t had any formal interest in anyone.”
Assuming there are no player sales before 30 June – and Mr Garlick expects that to be the case – the chairman also explained, in a look-back at the season, that profits are due to fall below the £30m they hit for the Clarets’ last Premier League season in 2014/15
“Profits will be very healthy but they will probably be a shade lower than last time in the Premier League,” he said.
“First of all, we spent £32m on players this time round – rather than £12m last time.
Sean Dyche is the seventh longest serving manager in the country
“All the improvements we have put into the training ground and the stadium kicked in in the last financial year and not the time we were in the Premier League before.
“Players wages have gone up and you add all those things together, it means ‘yes, still very healthy profits', but a tiny bit below last time.”
Mr Garlick described the Clarets’ efforts in staying in the Premier League as a “fantastic achievement” brought about by “evolution, not revolution.”
And he hopes the impact of Dyche as manager will continue to benefit Burnley for several more years.
“Shaun has got to go down as one of our best managers in history, I think,” added the chairman.
“And if you are that, then you are constantly going to be linked with opportunities as and when they arise.
“He will have been here five years in October and, personally, I hope he’s here for another five years.
“If we can achieve that, then I’m sure we’ll have more success together.”
To watch the chairman's end-of-season review on freeview, click on the image at the top of the page.