Premier League new-boys Burnley are refusing to spend big this summer in order to avoid long term financial issues, as reported by Sky Sports.

The Clarets worked on a minute budget last season and shocked the Championship by finishing second ahead of the likes of QPR, Wigan and Derby.

Sean Dyche masterminded the Lancashire club’s success but he will not be given a huge transfer kitty to splash this summer by chairman Mike Garlick.

“We have target players, but we also have a target budget and we intend to stick to it.”Co-chairman Garlick said in the Lancashire Telegraph.

WANT MORE? >> Burnley news | Latest transfer news  

“The feelers have been put out for targets and we are working hard to bring players in.

“Some things might come off and some things might not.

“A lot of people are away at the moment so it might be the end of the month when things start to come to fruition.

“It might be that not everyone is here for day one, and by day one I mean pre-season rather than the first game of the season.

“We are looking to invest in the right players, but we will stick to our budget.

“You can throw money at it and even then there are no guarantees of staying up.”