Vincent Kompany reveals he received assurances about Burnley’s finances prior to taking the job
Vincent Kompany reveals he was given guarantees on Burnley’s finances before he became their manager – as Clarets owners have been forced to repay part of the £65m loan they had used when they bought the club
- Burnley appeared to be in a difficult financial position after their relegation
- Vincent Kompany says the owners, ALK Capital, have given guarantees
- The owners had to repay a significant part of a loan taken out
- Number of players have already left, including Nick Pope to Newcastle United
Vincent Kompany has revealed that he was given assurances about the club’s finances before agreeing to take the job at Turf Moor.
Raised eyebrows when Manchester City legend left Anderlecht for Burnley, given the club’s relegation from the Premier League, forcing owners ALK Capital to repay a significant portion of a £65m loan as part of a leveraged buyout .
They have already sold England goalkeeper Nick Pope with a host of other players including Ben Mee and James Tarkowski who are leaving on a free transfer, but Kompany, who has a master’s degree in business administration, is confident he will be able to, after talks with chairman Alan Pace. build a competitive squad.
Vincent Kompany has announced that he has received guarantees about the state of Burnley’s finances
England international goalkeeper Nick Pope recently left the club for Newcastle United
“They (the owners) have been very transparent,” he explained. “I had a lot of time and I made a choice that I can live by, because I think it is very well informed.
‘You make surprising choices in life. The situation at this club is rare. They are in a renovation, there is no politics, things are simple and fair. What people tell you is what they mean and you roll with it.
“What Burnley has done better than anyone else is being together and growing over time. I think it’s possible here.’
Kompany hopes to make a number of signings in the coming days, including defenders Dan Ballard (Arsenal) and CJ Egan-Riley (Man City) and build out his backroom squad, including former City teammate Craig Bellamy.
Turf Moor’s performance is Kompany’s first managerial job from ex-Manchester City captain in England
Targets have also been set in case significant offers come in for star assets such as Maxwel Cornet, Wout Weghorst, Dwight McNeil and Nathan Collins.
Kompany led Manchester City to four Premier League titles in a remarkable 11 years with Manchester City, but insists he has not looked back and has not even visited the statue built in his honor at The Etihad.
“I’m not nostalgic at all,” he said. “Some things are in your blood, but for now I’m very much alive.
“Sometimes people show me a picture of my playing days and that’s fine, but I’m a coach now. That’s all I care about.
“I have yet to see the statue. I am so grateful but I find it hard to find words to explain it.
“The other side of me is the simple Vinny who comes to Burnley and wants guys to really argue and give something to the fans when they come to the game.
“What I want is when fans have had a shit week at work, come to the game and think ‘that cheered me up’.
“Nobody needs to talk to me about my City goal against Leicester or the statue, just tell me you had fun at our Burnley game.”
Kompany also tries to convince Mike Jackson (L) to stay in his back room
Kompany, 36, is hoping to convince under-23 coach Mike Jackson to stay with his staff after impressing as an interim last season following the sacking of Sean Dyche.
‘Mike is great. I couldn’t vouch for his character and who he is as a coach and person enough,” said Kompany.
“This club is full of good people. Building a culture is difficult and takes time. I want to protect what Burnley has and add if I can.
“Everything we need to talk about we do directly to each other, that’s Mike and I. But I couldn’t be more impressed.’