Burnley chief executive Paul Fletcher says he took the decision to step down because he felt he had gone as far as he could in his Turf Moor role. The former Burnley striker will leave the position he has held for three years at the end of the season.
Fletcher has said he intends to remain involved with the club to steer the affiliated, award-winning University College of Football Business to future success.
“I genuinely thought I couldn’t contribute more to the club, apart from trying to make UCFB a real success.
Asked if he intended moving into an official role within UCFB after quitting the Clarets, Fletcher said: “I’ve agreed to have a look at things at the end of the season.
The Financial Fair Play ruling insists that clubs can only spend a percentage of their turnover and there will be penalties for those who do not at least break even. The income generated by UCFB will help the club achieve that objective.
Burnley last month reported a £4million loss after their first full season back in the Championship.