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GARLICK MAY BE BACK ON MENU IF BURNLEY TASTE RELEGATION
Former Burnley owner Mike Garlick could regain control at Turf Moor if Sean Dyche’s side are relegated — as the deal which saw him sell up to ALK Capital 13 months ago contains a clause giving him the option to buy back the club for a set price if they fall into the Championship.
Garlick remains a director at Burnley despite selling his 49 per cent stake and handing over the chairmanship to ALK managing director Alan Pace, and regularly attends matches.
ALK agreed to pay £150 million for 84 per cent of the club in a transaction to be completed in three stages, which was largely financed by the club’s existing funds and additional borrowing.
Ex-Burnley owner Mike Garlick (pictured) could regain control at Turf Moor if Burnley are relegated
Garlick will also regain control if ALK fail to pay any of the subsequent instalments on time, although there are no suggestions that is likely to become an issue.
Burnley declined to comment.
Newcastle are determined not to shatter the club’s wage structure despite the Saudi riches that have seen Kieran Trippier and Chris Wood arrive for combined fees of £37 million this month.
Trippier has become the club’s highest-paid player but his £100,000-a-week wages are only a modest increase on his salary at Atletico Madrid, indicating how Newcastle are unwilling to pay significantly above market rates despite their plight.
Wood has secured a rise from weekly wages of £50,000 at Burnley to
