Burnley have spent £32.3million this summer paying off almost half of the club’s £65m loan from MSD Holdings in a series of payments that will severely impact Vincent Kompany’s playing budget as he attempts to guide them back to the Premier League.
Sportsmail revealed in January that a significant part of what was initially an interest-only loan taken out to fund Burnley’s £170m takeover by ALK Capital two years ago would become due if they were relegated last season, and the private equity firm have been quick to reclaim their money.
It is understood that Burnley made three payments to MSD of £15m, £5m and £12.