Clarets looking east for investment

Last updated : 16 September 2008 By Tony Scholes

According to Arabian Business Burnley are looking for a strategic investor from the Gulf to help fund the redevelopment of Turf Moor as well as other planned projects in the retail sector.

Brendan Flood told them: "It's a club with super sized ambition and we need an investor with a super sized cheque book. It could help fulfil a lot for us."

Flood added: "We are also establishing a series of global alliances with other clubs. We've had a lot of enquiries from clubs in Qatar and Saudi Arabia about players and where the seasons aren't contemporaneous we could look at loaning players out."

There's no doubt that the redevelopment has been hit by the current financial situation and only last week Chief Executive Paul Fletcher confirmed that £5 million had been knocked off the cost.

It's not the first time we've gone looking in that part of the world for investment, we did so over twenty years ago when the club was at its lowest ebb. On that occasion it came to nothing.