BURNLEY LOOK TO BORROW AGAIN

BURNLEY are planning to pay off the remaining £32.3million outstanding from their £65m loan from MSD Holdings and secure fresh borrowing from an alternative source. Aldermore Bank have been identified by the club as preferable lenders, as they have a specialist football finance division and have provided more than £200m in lending to clubs — including Leeds and Brighton — since their launch in 2017.

Burnley are understood to be seeking a larger, long-term loan from Aldermore after relegation to the Championship triggered early repayment clauses in their deal with MSD, which had they stayed in the top flight would have been interest-only until 2026. The club made three repayments to MSD of £15m, £5m and £12.3m in the summer and are now seeking to refinance completely.